Washington, Oct. 6 -- The US Department of Energy (DOE) has announced a conditional loan commitment of up to USD 4.2 billion to finance upgrades and modernisation of Vistra's nuclear power plants in Pennsylvania and Ohio, with the projects expected to add 433 megawatts (MW) of nuclear capacity and extend reactor operations by another 20 years.

The investment is aimed at increasing electricity generation from existing nuclear plants while preserving nearly 4 gigawatts (GW) of reliable baseload power, enough to supply more than 3 million homes, the DOE said in a post on X.

The projects are also intended to help meet rising power demand across the 13-state PJM Interconnection region.

US Energy Secretary Chris Wright said the investment wo...