Constellation rises on reportedly up to $5 billion US loan offer
CEG•Constellation Energy shares rose 2.8% after the Trump administration reportedly offered up to $5 billion in financing to upgrade reactors in Illinois, Maryland and Pennsylvania. The upgrades would add nearly 1.1 gigawatts of electricity, the report said.
1. Financing offer
The Trump administration is offering Constellation Energy up to $5 billion in financing to modernize its nuclear reactor fleet in Illinois, Maryland and Pennsylvania, Bloomberg News reported, citing the US Department of Energy. The work would add nearly 1.1 gigawatts of electricity, the report said.
2. Shares and responses
Constellation shares rose 2.8% to $259.58. The company and the Department of Energy did not immediately respond to requests for comment.
