contract value usdplanned
$4.2BAs stated by US Department of Energy ·
Up to $4.2 billion under a conditional loan commitment; not a closed or disbursed loan.
US Department of Energy sourceDealsfinancing debt
US Department of Energy × Vistra · nuclear uprate loan commitment
Announced since Agent-reviewed
The US Department of Energy announced a conditional commitment for a loan of up to $4.2 billion to finance nuclear uprates and modernization at Vistra's Beaver Valley plant in Pennsylvania and its Davis-Besse and Perry plants in Ohio. DOE says the work would add 433 MW of new nuclear capacity and preserve nearly 4 GW of existing baseload power.
Participants & roles
- US Department of EnergyfinancierSource
Prospective lender through its Office of Energy Dominance Financing; conditional commitment.
- VistradeveloperSource
Prospective borrower; plans the uprate and modernization investments. The release names no separate borrower entity.
Terms as stated
Contract duration and delivery terms are not recorded.
Announced
Figures as stated
generation mwplanned
433 MWAs stated by US Department of Energy ·
New nuclear capacity from uprates at Beaver Valley, Davis-Besse and Perry; not operating. Excludes the nearly 4 GW of existing baseload power DOE says the work would preserve.
US Department of Energy sourceStatus history
- Announced
DOE announced a conditional loan commitment; definitive financing documents and funding remain subject to conditions.
US Department of Energy ↗Agent review