Crane Clean Energy Center — 835 MW nuclear reactor restart, Pennsylvania (formerly Three Mile Island Unit 1)
First simultaneous conditional commitment and financial close in DOE LPO history. Energy Dominance Financing Program. 0.375% spread over UST. 20-year PPA with Microsoft. Expected restart 2027. $16B GDP impact per Brattle Group. ~3,400 jobs.
$1.00B
Deal Value
835MW
Capacity
Nuclear
Technology
PA
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Constellation Energy
- Buyer / Financier
- DOE Loan Programs Office
- Offtaker
- Microsoft
- Deal Value
- $1B
- Stage
- Restart/Recommissioning
- ISO/RTO
- PJM
- Source
- Constellation Energy
Capital Structure
$1.00B
Total transaction value
Tranches
- DOE Loan · DOE Loan Programs Office (Energy Dominance Financing Program)
- $1.00B
Finance Counterparties
Lenders & Capital Providers
- lender
- DOE LPO (Energy Dominance Financing)
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