“The timing of this loan makes the investment all the more questionable. As CNBC reports, “When asked why Constellation was receiving the loan now,” an Energy Department official said, “Constellation could have completed the project without help from the Energy Department. But the loan will help make electricity cheaper for consumers on the grid operated by PJM Interconnection, which serves more than 65 million people across 13 states.”
Wanting to reduce electricity rates may be a worthwhile goal—energy costs are outpacing inflation and are rising faster in some states with a higher concentration of data centers—but pouring public money into restarting nuclear power plants is not the best way to achieve this.”