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Tuesday, 8 September 2026

50 briefs so farlast update 22:45 UTC

Key points

  • Saudi Arabia Halts Southern Energy Operations After Houthi Missile and Drone Attacks.
  • Record US Gas Prices, Doubled Iranian Over-Quota Fuel Costs as Hormuz Traffic Swings.
  • DOE Closes USD 1.9 Billion Loan for NextEra's Duane Arnold Nuclear Restart.
  • DOE Closes Loan of Up to USD 1.9 Billion for NextEra's Duane Arnold Restart.
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Generation

DOE Closes USD 1.9 Billion Loan for NextEra's Duane Arnold Nuclear Restart

The U.S. Department of Energy (DOE) has closed a loan of up to USD 1.9 billion to NextEra Energy to finance the restart of the Duane Arnold Energy Center in Linn County, Iowa, according to a DOE announcement. The loan was issued through the department's Office of Energy Dominance Financing (EDF).

The plant ceased operations in 2020, DOE said. Its restart depends on required licensing approvals from the U.S. Nuclear Regulatory Commission, after which the site would return nuclear generation to the grid.

DOE put employment from the project at nearly 1,500 construction jobs, with more than 450 positions supported once the plant is operating.

The closing is the third nuclear plant restart financed by EDF, according to the department. DOE also said the office has completed four concurrent conditional commitments and financial closings under the Trump Administration.

Source: energy.gov (opens in a new tab)1 sourcePermalink

Illustrative view of a mid-sized nuclear power plant with a domed reactor building in rural Iowa farmland under an overcast sky.
Photo: Michael Gattorna / Pexels (opens in a new tab)

Generation

DOE Closes Loan of Up to USD 1.9 Billion for NextEra's Duane Arnold Restart

The U.S. Department of Energy has closed a loan of up to USD 1.9 billion to NextEra Energy to help finance the restart of the Duane Arnold Energy Center in Iowa, according to Canary Media.

The Iowa plant becomes the third shuttered nuclear station in the United States lined up for a restart attempt backed by federal support, Canary Media reported.

The DOE loan is capped at USD 1.9 billion, the department said in the announcement reported by Canary Media.

Source: canarymedia.com (opens in a new tab)1 sourcePermalink

Generation

DOE Closes USD 1.9 Billion Loan for Duane Arnold Nuclear Restart in Iowa

The U.S. Department of Energy has closed a loan of up to USD 1.9 billion to NextEra Energy to help finance the restart of the Duane Arnold Energy Center in Linn County, Iowa, according to Neutron Bytes. The loan came from the department's Office of Energy Dominance Financing.

The plant stopped generating in 2020. NextEra Energy said it plans to bring Duane Arnold back no later than the first quarter of 2029, subject to regulatory approvals.

NextEra Energy has also signed definitive agreements to buy the combined 30% interest held by CIPCO and Corn Belt Power Cooperative, taking its ownership of the plant to 100%, Neutron Bytes reported.

Construction work on the restart will create nearly 1,500 jobs, with more than 450 jobs supported once the plant is operating, according to Neutron Bytes.

Source: neutronbytes.com (opens in a new tab)1 sourcePermalink