Vistra In Line For $4 Billion Nuclear Loan As Washington’s Lending Spree Continues

What happened: The Trump administration plans to offer Vistra roughly $4 billion in loans to uprate 433 MW from its Perry and Davis-Besse plants in Ohio and Beaver Valley in Pennsylvania, Bloomberg reported. Energy Secretary Chris Wright could announce it Monday at Perry. Key numbers: About $4 billion in loans. 433 MW of uprates. Why it matters: The package continues the DOE loan office's nuclear financing push under Wright, who said nuclear would get the biggest share of those dollars. Hundreds of billions more are anticipated for Trump's goal of quadrupling nuclear generation by 2050.

The Trump administration plans to offer Vistra roughly $4 billion in loans to uprate 433 MW from its Perry and Davis-Besse plants in Ohio and Beaver Valley in Pennsylvania, Bloomberg reported. Energy Secretary Chris Wright could announce it Monday at Perry.

The package continues the DOE loan office's nuclear financing push under Wright, who said nuclear would get the biggest share of those dollars. Hundreds of billions more are anticipated for Trump's goal of quadrupling nuclear generation by 2050.