White House Cuts a Check to Rust Belt Nuclear Plants as Electricity Costs Rise

Even the Trump Energy Department Cannot Resist Meddling

The Office of Energy Dominance Financing (!) of the Department of Energy (DoE) announced on October 5 “a conditional loan commitment of up to $4.2 billion to finance nuclear uprates and modernization across Vistra’s nuclear fleet in Pennsylvania and Ohio.”  “Uprates” are capital investments designed to increase the output from power plants already in operation as well as their operating lives, in this case for an additional 20 years. DoE argues …

Department of Energy Announces a New Multi-Billion-Dollar Nuclear Energy Deal

Vistra just landed a conditional $4.2 billion DOE loan. The deal reveals something much bigger for investors in nuclear energy stocks.

The Energy Department is offering $4.2 billion in loans to nuclear projects in Ohio and Pennsylvania

The loan comes as private investment in nuclear power surges, raising questions about why Washington is picking which projects get financing.

Trump Admin Commits $4.2 Billion Loan to Modernize and Expand Nuclear Power in Pennsylvania, Ohio

A worker drives a tractor through a tree farm in North Perry, Ohio, near the cooling towers of the Perry Nuclear Power Plant on May 18, 2011. (Amy Sancetta, File/AP Photo)

Department of Energy Allocates $4.2 Billion to Strengthen Nuclear Plants

The Department of Energy has announced a significant investment aimed at bolstering nuclear energy infrastructure in Ohio and Pennsylvania with $4.2 billion in funding.

White House cuts a check to Rust Belt nuclear plants as electricity costs rise

The White House expanded its strategy of offering loans to the nuclear industry with $4.2 billion for power plants in Ohio and Pennsylvania.