
U.S. to reportedly lend Vistra $4.2 billion to expand nuclear power output
Investing.com -- The U.S. government reportedly plans to provide about $4.2 billion in financing to power producer Vistra to increase electricity generation from its nuclear fleet, as Washington pushes to expand nuclear capacity to meet rising power demand.
U.S. Energy Secretary Chris Wright is expected to announce the financing on Monday during a visit to one of Vistra's nuclear facilities along Lake Erie in Ohio, a report from Reuters News said. The planned financing comes as U.S. electricity demand accelerates after decades of relatively modest growth. The expansion of artificial-intelligence data centers, wider electrification and cryptocurrency mining are among the factors driving demand for additional power.
The financing would support efforts to increase the output, or "uprate," of at least three of Vistra's four nuclear power stations, the report added.
Nuclear plants can be uprated through several methods, including using more enriched fuel or increasing the amount of new f








