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The department of energy is backing constellation energy's restart of three mile island unit 1 with a $1 billion loan. The plan to reopen three mile island to supply microsoft with power wins a federal loan guarantee, shifting onto taxpayers some of the risk. The trump administration will give constellation energy ceg 0.20% a $1 billion federal loan to restart the three mile island nuclear power plant in pennsylvania that suffered a partial core.
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Department of energy says it's loaning $1 billion to help finance the restart of the nuclear power plant on pennsylvania’s three mile island to supply power to data centers for tech giant microsoft. Three mile island nuclear power plant in middletown, pennsylvania For constellation energy, which owns three mile island's lone functioning nuclear power reactor, the federal loan will lower its financing cost to get the mothballed plant up and running again.
