Global Finance News
19 Nov 2025, 14:39
Constellation secures DOE-guaranteed 1 billion dollar loan facility for nuclear plant restart
Constellation Energy Corporation (CEG) announced that subsidiary Constellation Energy Generation, LLC entered into a 1 billion dollar loan guarantee agreement with the U.S. Department of Energy and a related note purchase agreement with the Federal Financing Bank. The financing will support the restart and repowering of the 835 MW Christopher M. Crane Clean Energy Center, a nuclear facility in Pennsylvania. Borrowings can be made through 2030, up to 80 percent of eligible project costs or 1 billion dollars. The loan carries semiannual interest tied to U.S. Treasury yields plus 0.375 percent and matures in 2055. Constellation has not yet drawn on the facility and must make an initial borrowing by May 2027 to maintain access. The obligations are currently unsecured but may require equal lien status if future secured debt is issued.
Constellation Energy Corporation (CEG) announced that subsidiary Constellation Energy Generation, LLC entered into a 1 billion dollar loan guarantee agreement with the U.S. Department of Energy and a related note purchase agreement with the Federal Financing Bank. The financing will support the restart and repowering of the 835 MW Christopher M. Crane Clean Energy Center, a nuclear facility in Pennsylvania. Borrowings can be made through 2030, up to 80 percent of eligible project costs or 1 billion dollars. The loan carries semiannual interest tied to U.S. Treasury yields plus 0.375 percent and matures in 2055. Constellation has not yet drawn on the facility and must make an initial borrowing by May 2027 to maintain access. The obligations are currently unsecured but may require equal lien status if future secured debt is issued.
