U.S. Department of Energy Provides $1.9 Billion Loan to Support Restart of Duane Arnold Nuclear Power Plant
NextEra Energy announced on September 8 that it has completed a loan arrangement of up to $1.9 billion with the U.S. Department of Energy (DOE) to support the restart of the Duane Arnold Energy Center in Iowa. The project will help restore operations at Iowa's only nuclear power plant and add stable electricity supply to the regional grid. Located in Linn County, Iowa, the Duane Arnold Energy Center has a generating capacity of 615 megawatts. NextEra Energy has previously stated that, subject to regulatory approvals, it plans to restart the facility no later than the first quarter of 2029. The DOE loan will support related restoration efforts, including...
2026-09-09
