As of November 18, 2025, the US Department of Energy (DOE) closed on a $1 billion loan to restart Constellation Energy’s 835 MW Crane nuclear unit in Pennsylvania. [1] Constellation intends to sell power produced from the unit to Microsoft. Inspections of key parts of the unit, formerly Three Mile Island Unit 1, and regulatory reviews are on schedule. [2] The company expects to spend about $1.6 billion to restart the unit, possibly as soon as 2027. Under the agreement, Constellation can borrow up to $1 billion through September 15, 2030. The company must pay the loan back by November 2055. The loan is part of the administration’s effort to promote nuclear power. This marks the first project to receive a concurrent conditional commitment and financial close under the current administration, according to DOE Secretary Chris Wright.
Street Address
City, State, Zip
Phone Number
Your Custom Text Here