NextEra, DOE Close $1.9B Loan to Restart Iowa Nuclear Plant
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Juno Beach, Fla. – September 11, 2026 -- NextEra Energy, Inc. (NYSE: NEE) and the U.S. Department of Energy's Office of Energy Dominance Financing have reached financial close on a loan of up to $1.9 billion to restart the Duane Arnold Energy Center, Iowa's only nuclear plant.
Loan closes conditional financing for 615-megawatt Linn County reactor
The Duane Arnold facility, which operated for more than four decades before shutting down in 2020, is targeted for restart no later than the first quarter of 2029, pending regulatory approvals. NextEra first announced restart plans in October 2025.