U.S. to lend $4.2 billion to Vistra to boost nuclear power output, source says
U.S. Energy Secretary Chris Wright will announce the loan on Monday at Vistra's nuclear plant along Lake Erie in Ohio, a source told Reuters.
The US government plans to lend Vistra $4.2 billion to upgrade its nuclear power plants. According to Investing.com, the loan will fund investments at Vistra's two plants in Ohio and another in Pennsylvania.
The loan is intended to support capacity expansions at existing facilities as electricity demand grows, particularly due to the increasing power needs of data centers.
US Energy Secretary Chris Wright is expected to announce the funding on Monday at Vistra's nuclear plant along Lake Erie in Ohio, as reported by CNBC.
Brief written by urgent.news from CNBC, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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