DOE closes a $1.9B loan to NextEra for the Duane Arnold restart

NextEra Energy/Duane Arnold restart

The Department of Energy closed a loan of up to $1.9 billion to help NextEra restart Duane Arnold, the third reactor restart the current administration has financed. The 615 MW plant could power nearly 500,000 homes once the NRC approves its licensing changes.

• Loan of up to $1.9B toward a restart estimated in 2025 at about $1.6B
• About 1,500 construction jobs and 450+ permanent jobs expected
• Restart still depends on NRC licensing approvals; target remains Q1 2029