The owner of the shuttered Three Mile Island nuclear plant is pursuing a $1.6 billion federal loan guarantee to help finance its plan to restart the Pennsylvania facility and sell the electricity to Microsoft to power data centers, according to details of the application shared with The Washington Post. Get a curated selection of 10 of our best stories in your inbox every weekend.
The taxpayer-backed loan could give Microsoft and Three Mile Island owner Constellation Energy a major boost in their unprecedented bid to steer all the power from a U.S. nuclear plant to a single company.
Microsoft, which declined to comment on the bid for a loan guarantee, is among the large tech companies scouring the nation for zero-emissions power as they seek to build data centers. It is among the leaders in the global competition to dominate the field of artificial intelligence, which consumes enormous amounts of electricity.
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So they can have an exclusive deal giving Microsoft power?
I’m pretty sure they’re going to make enough money doing that.
Nonono, you don’t get it! Microsoft is a small, low-profit business that we absolutely need to help protect cuz SoCiEtY NeEdS tHeM.
(Okay so there’s probably some military/national security angle they will push to justify it. And then bill us exorbitantly for that ai tool anyhow)