US plans $4 billion loan to Vistra for nuclear expansion
The funding would back investment at Vistra's two Ohio nuclear plants and one in Pennsylvania, Bloomberg reports, via Investing.com
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The United States is preparing a $4 billion loan to Vistra to expand its nuclear generation, Bloomberg reports, via Investing.com. The funding would support investment at Vistra's two nuclear plants in Ohio and another in Pennsylvania, though the size of the planned expansions was not immediately known, Bloomberg reports, via Investing.com.
Energy Secretary Chris Wright is expected to announce the funding as soon as Monday during a visit to the Perry nuclear complex northeast of Cleveland, according to Bloomberg, via Investing.com. Neither the Energy Department nor Vistra responded to requests for comment on the report, Bloomberg reports, via Investing.com.
The loan follows a US-Korea framework announced Thursday for eight new nuclear reactors, backed by Brookfield, under which Korea took a cornerstone stake of 5% to 10% in Westinghouse. That deal routed capital through Westinghouse and equity stakes. A direct loan to Vistra would mark a more targeted form of support, lending to a single operator rather than spreading capital across a broader financing structure.
The loan would arrive days after Vistra raised more than $1.5 billion in junior subordinated notes in September, pointing to continued heavy capital needs around its nuclear expansion that federal backing could help offset. It would also place Vistra alongside Westinghouse and its reactor partners as a direct beneficiary of federal nuclear financing, rather than a downstream supplier to the broader buildout.