U.S. Backs $1 Billion Loan to Restart Three Mile Island Nuclear Plant in Pennsylvania

The Trump Administration will give Constellation Energy CEG 0.20%increase; green up pointing triangle a $1 billion federal loan to restart the Three Mile Island nuclear power plant in Pennsylvania that suffered a partial core meltdown in 1979.

Energy Secretary Chris Wright said Tuesday that restarting the plant will help bring down electricity prices and that the administration will act to bring more nuclear generation online.