Three Mile Island nuclear power plant: $1B loan granted for its reopening

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The Trump administration is issuing a $1 billion loan to help finance the restart of the Three Mile Island nuclear power plant.

Three Mile Island was the name of a nuclear power plant in Pennsylvania, one of whose reactors partially melted down in 1979, becoming one of the U.S.’s highest profile nuclear incidents.

Last year, Microsoft and Constellation Energy announced a deal to reopen an unaffected reactor at the plant to power data centers. It was last operational in 2019 .

The Department of Energy announced Tuesday that it was closing a $1 billion loan with Constellation to help finance the project, known as the Cran