The Trump Administration will give Constellation Energy 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.
“We want to bring as much addition of reliable electricity onto the grid to stop these price rises,” he said, adding that such moves will help “reshore manufacturing in our country.”
Read more in The Wall Street Journal here.
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