U.S. Government Commits Up to $5 Billion in Loans to Boost Nuclear Power Plants

The U.S. government has committed up to $5 billion in loans to Constellation Energy, subject to conditions. They would upgrade 11 reactors at eight plants in Illinois, Maryland and Pennsylvania, adding 1.1 gigawatts of electricity. The deal is not final. These upgrades, called uprates, are like turning up an engine already running, needing no new sites or reactor approvals.