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NextEra Energy secures $1.9B DOE loan to restart Iowa's Duane Arnold nuclear plant by 2029.

Company Fundamentals
08 Sep 2026
PRNewsWire
View Source
Bullish
NextEra Energy secures $1.9B DOE loan to restart Iowa's Duane Arnold nuclear plant by 2029.

NextEra Energy and the U.S. Department of Energy have finalized a $1.9 billion loan to restart the Duane Arnold Energy Center, Iowa's only nuclear plant, aiming for operation by early 2029. The 615-megawatt facility's restart is expected to boost regional grid reliability, create thousands of jobs, and generate over $9 billion in economic benefits over 25 years. This move supports growing electricity demand with reliable, affordable power and aligns with U.S. efforts to strengthen nuclear energy's role in the energy mix. Regulatory approvals and ongoing preparations are underway to ensure a safe and efficient restart.

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