US loans $1.9B to restart shuttered Iowa nuclear plant

Live updates

1. 5d ago

   DOE grants $1.9 billion loan to restart Duane Arnold nuclear plant

   The U.S. Department of Energy closed a loan of $1.9 billion to NextEra Energy to restart the Duane Arnold nuclear power plant in eastern Iowa. The facility is the only nuclear plant in the state. This funding supports an effort to bring the shuttered plant back online by 2029.

   Why it matters

   Restarting retired nuclear facilities is an emerging strategy to increase power capacity. The Duane Arnold plant had been shuttered prior to this financing agreement.

   What is confirmed

   • The U.S. Department of Energy provided a loan of $1.9 billion to restart a shuttered nuclear plant in Iowa.
   • NextEra Energy is the recipient of the $1.9 billion DOE loan.
   • The facility being restarted is the Duane Arnold nuclear power plant.
   • Duane Arnold is Iowa's only nuclear power plant.

   Still unconfirmed

   • The Duane Arnold plant is set to restart in 2029.

   What to watch next

   • Confirmation of the specific restart timeline
   • Updates on the physical renovation of the Duane Arnold facility
   Sources used for this update (6)

   1. WSJ — NextEra Energy, DOE Close on $1.9 Billion Loan for Nuclear Power Plant in Iowa
   2. The New York Times — U.S. to Loan $1.9 Billion to Restart a Shuttered Nuclear Plant in Iowa
   3. Fox Business — US loans $1.9B to restart shuttered Iowa nuclear plant
   4. The Des Moines Register — See inside Iowa's only nuclear power plant, set for restart in 2029
   5. Iowa Capital Dispatch — US Department of Energy awards up to $1.9B loan for nuclear plant restart
   6. www.power-eng.com — Duane Arnold’s nuclear restart in eastern Iowa gets $1.9B boost from DOE
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