NextEra Secures Up to $1.9B Loan Guarantee to Restart Iowa Nuclear Plant
NextEra shut down Iowa’s only nuclear plant 14 years early despite a license lasting to 2034, citing unfavorable nuclear economics. Now the U.S. Department of Energy is offering a loan guarantee of up to $1.9 billion to restart the plant and supply around-the-clock power for rising demand. The move ties to growing local electricity needs, including for Google AI data centers and related contracted utility purchases.
Coverage (4)
- NextEra Energy Secures $1.9 Billion DOE Loan to Restart Duane Arnold Nuclear Plant in Iowa (carboncredits.com)
- NextEra Energy gets DOE grant to restart Iowa nuclear plant (dailyenergyinsider.com)
- NextEra Just Secured Up to $1.9 Billion to Restart Iowa's Only Nuclear Plant. Here's The Real Reason Why. (finance.yahoo.com)
- NextEra secures US loan of up to $1.9 billion for restart of Iowa nuclear plant (reuters.com)