Industrial Policy & Trade Monitor· 2662 actions· ✨ 89 recent

DOE's Loan Programs Office concurrently finalized a conditional loan commitment and financial close on a USD 1 billion interest-bearing loan to Constellation Energy Generation, LLC, funded under the newly created Energy Dominance Financing Program, to help restart the 835 MW Crane Clean Energy Center (formerly Three Mile Island Unit 1) on the Susquehanna River in Londonderry Township, Pennsylvania. The reactor shut down in 2019 for market reasons (not safety) and was never fully decommissioned; restart is pending NRC licensing approval and is expected to power roughly 800,000 Mid-Atlantic homes, supporting domestic manufacturing and AI-datacenter power demand. A Pennsylvania Building & Construction Trades Council economic-impact study cited in the DOE release estimates ~3,400 direct/indirect jobs, over USD 16 billion in state GDP, and more than USD 3 billion in state/federal tax revenue over the project life.

The Texas Energy Fund (TxEF), administered by the Public Utility Commission of Texas (PUCT), finalized a USD 1.12 billion low-interest (3%) 20-year state loan to Competitive Power Ventures (CPV) to fund 60% of the USD 1.88 billion cost of the CPV Basin Ranch Energy Center, a 1,350 MW combined-cycle natural-gas plant in Ward County (Permian Basin), Texas. The loan term runs 28 October 2025 to 28 October 2045; the plant is expected online in 2029 in the ERCOT West Load Zone and is explicitly framed by the state as capacity to serve West Texas AI/data-center electricity demand. This is the fifth loan finalized under TxEF's In-ERCOT Generation Loan Program and the largest single project financed under it to date, taking cumulative TxEF-backed capacity above 3,100 MW.

China's Ministry of Finance, General Administration of Customs and State Taxation Administration jointly issued Announcement 2025 No. 10, restructuring VAT refund support across the power-generation sector effective 1 November 2025. Offshore wind power producers gain a new 50% immediate VAT refund running through 31 December 2027, while the prior immediate-refund policy for onshore wind power (in force since 2015 under Cai Shui [2015] No. 74) is repealed outright. Nuclear plants approved but not yet commercially operating as of 31 October 2025 receive a 50% collected-then-refunded VAT rebate for ten years from first commercial operation, but nuclear projects approved after 1 November 2025 receive no VAT refund at all. The measure reallocates state fiscal support within China's power sector toward offshore wind and legacy-pipeline nuclear capacity while withdrawing it from onshore wind and future nuclear approvals.