U.S. to lend $4.2 billion to Vistra for nuclear power output boost
The U.S. government is set to provide Vistra with a $4.2 billion loan to increase its nuclear power generation, according to an anonymous source familiar with the matter. The announcement will be made by Energy Secretary Chris Wright at one of Vistra's Ohio plants on Monday. This funding aims to uprate three or more of Vistra’s four nuclear stations without requiring new licenses from the Nuclear Regulatory Commission. The loan aligns with broader efforts to expand U.S. nuclear power capacity, as outlined in President Donald Trump’s goal to quadruple it by 2050. The Department of Energy has significant financing available for such projects through its loan office, much of which is expected to support the nuclear sector. Vistra currently operates six reactors across four plants generating over 6.5 gigawatts—enough to power around 3.25 million homes. The move comes amid rising U.S. electricity demand driven by AI data centers, electric vehicles, and cryptocurrency mining.
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