Constellation Energy (Nasdaq: CEG) received a conditional US government loan commitment of up to $5 billion (C$7. 02 billion) to boost output at existing nuclear plants. The proposed financing would support upgrades at eight plants in Illinois, Maryland and Pennsylvania, potentially adding about 1. 1 gigawatts of generating capacity, the US Department of Energy said Tuesday. The upgrades offer a route to more nuclear generation from existing plants, with potential implications for uranium demand. However, the announcements don’t quantify additional fuel purchases or say when the company would contract for them.
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