this post was submitted on 04 Oct 2024
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Three Mile Island owner seeks $1.6 billion federal loan to restart nuclear plant for Microsoft AI facility (www.phillyvoice.com)
submitted 1 week ago by ArtikBanana@lemmy.dbzer0.com to c/technology@lemmy.world
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[–] Rentlar@lemmy.ca 19 points 1 week ago

Any notion that taxpayers are taking on risk here is fanciful given that any loan will be backstopped by Constellation's entire $80-billion-plus value.

Not to worry taxpayers, despite us paying out dividends to equity holders, our $70 billion plus value means this loan is still safe and sound!

Don't worry taxpayers about us spinning off 90% of our assets to Galaxy Brain Energy, a totally independent and different energy company that we didn't just pull out of our ass. The loan is still backed by our $7 billion plus value, trust!