Market Chatter: Energy Department Plans $17.5 Billion Loan Program for Big Nuclear Reactors

MT Newswires Live06-23

The Trump administration is expected to announce a new deal Tuesday through which the Department of Energy will make available low-interest loans amounting to $17.5 billion for utilities to finance equipment orders for Westinghouse Electric's flagship nuclear reactor, The Wall Street Journal reported, citing the Energy Department and comments from Energy Secretary Chris Wright.

The Department of Energy said the loans are intended to accelerate construction of 10 reactors in the US, and five loans will be available for projects with two reactors each, according to the report.

The Department of Energy did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 47.21, Change: -0.05, Percent Change: -0.10

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