Constellation Energy Seeks $1.6 Billion Loan to Reopen Three Mile Island for Microsoft

The energy company plans to restart the nuclear plant to supply Microsoft with clean energy, pending federal loan approval.

Constellation Energy has applied for a $1.6 billion federal loan guarantee to restart the Three Mile Island nuclear facility in Pennsylvania.
The company aims to supply Microsoft with over 800 megawatts of carbon-free electricity for its AI data centers under a 20-year agreement.
The federal loan guarantee, if approved, would shift much of the financial risk to taxpayers, though Constellation assures full repayment.
There is ongoing debate about additional federal subsidies for the project, which could include nearly $200 million annually in tax credits.
The Nuclear Regulatory Commission has not yet received an application for the plant's reopening, which is planned for 2028.