U.S. Energy Secretary Chris Wright will announce the loan on Monday at Vistra’s nuclear plant along Lake Erie in Ohio, the person said, speaking on condition of anonymity.
The loan would be used to boost power output, or “uprate” at least three of Vistra’s four nuclear stations, which can be done without requiring new licenses from the Nuclear Regulatory Commission.
The Department of Energy and Vistra did not immediately respond to requests for comment.
