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U.S. Department of Energy Provides $1.9 Billion Loan to Support Restart of Duane Arnold Nuclear Power Plant

NextEra Energy announced on September 8 that it has completed a loan arrangement of up to $1.9 billion with the U.S. Department of Energy (DOE) to support the restart of the Duane Arnold Energy Center in Iowa. The project will help restore operations at Iowa's only nuclear power plant and add stable electricity supply to the regional grid. Located in Linn County, Iowa, the Duane Arnold Energy Center has a generating capacity of 615 megawatts. NextEra Energy has previously stated that, subject to regulatory approvals, it plans to restart the facility no later than the first quarter of 2029. The DOE loan will support related restoration efforts, including...

2026-09-09

Wisconsin Electric Power Company signs 20-year power purchase agreement with NextEra for Point Beach nuclear plant

WEC Energy Group said its subsidiary Wisconsin Electric Power Company has signed a 20-year power purchase agreement with NextEra Energy Point Beach to purchase 86% of the capacity, energy, ancillary services, and environmental attributes from both units of the Point Beach Nuclear Plant in Manitowoc County, Wisconsin. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC), the new agreement remains subject to approval by the Public Service Commission of Wisconsin (PSC). If approved...

2026-08-20

NextEra and Brookfield Plan $100 Billion Data Center Campus at Former Paducah Uranium Enrichment Site in the U.S.

NextEra Energy and Brookfield Asset Management plan to develop a data center campus and supporting power generation facilities with a total investment exceeding $100 billion at a federally owned former uranium enrichment site in Paducah, Kentucky, USA. The project is located on or near the U.S. Department of Energy (DOE) Paducah site. According to relevant announcements, the campus is expected to provide over 1.2 gigawatts of data center computing capacity and deliver up to 1.8 gigawatts of power to the grid. The project is scheduled to begin operations in 2028 and reach full development approximately four years later; other information indicates that overall construction is expected to be completed around 2031.

2026-07-30