DOE conditional $17.5B loan commitment for up to 10 Westinghouse AP1000 reactors

Brookfield Asset Management Ltd.

DOE conditionally commits $17.5B in loans for long-lead equipment for up to 10 Westinghouse AP1000 reactors in the U.S.
Westinghouse is 51% owned by Brookfield Asset Management and its partners, 49% by Cameco Corporation.
Aim to have 10 reactors under construction by 2030, accelerating commercial ops by up to 3 years.
Financing is conditional on technical, legal, environmental, and financial conditions before final documents.
CEO Connor Teskey says the loans support President Trump's Executive Order and bolster U.S. nuclear supply chain.

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