---
schema_version: "secwatch.filing_event.v1"
accession: "0001868275-25-000099"
form_type: "8-K"
ticker: null
cik: "0001168165"
company_name: "CONSTELLATION ENERGY GENERATION LLC"
filed_at: "2025-11-18T23:59:59+00:00"
generated_at: "2026-05-16T18:42:48.697963+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Constellation secures $1B DOE loan to restart 835 MW Crane nuclear plant

## Summary
- DOE guarantees $1.0 billion loan via FFB; no initial borrowing, first advance due by May 17, 2027.
- Interest rate set at UST comparable maturity + 0.375%; final maturity Nov 17, 2055; unsecured initially.
- Plant over 80% staffed (500+ employees); restart expected to create 3,400 jobs, $16B PA GDP impact.
- Proceeds fund eligible costs for repowering Crane Clean Energy Center (835 MW nuclear unit).
- Constellation committed $1M+ charitable giving over 5 years; $200k donated to local organizations in 2025.

## SEC filing metadata
- accession: 0001868275-25-000099
- form_type: 8-K
- cik: 0001168165
- company_name: CONSTELLATION ENERGY GENERATION LLC
- filed_at: 2025-11-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1168165/000186827525000099/0001868275-25-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1168165/000186827525000099/ceg-20251117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001868275-25-000099
- JSON: https://secwatch.observer/filing/0001868275-25-000099.json
- Plain text: https://secwatch.observer/filing/0001868275-25-000099.txt

## Key facts
- Debt Financings
  CONSTELLATION ENERGY GENERATION LLC incurred term loan of $1.0 billion with Federal Financing Bank at 0.375% per annum over the current average yield on outstanding marketable obliga maturing November 17, 2055.
  - Instrument: term loan
  - Principal: $1.0 billion
  - Counterparty: Federal Financing Bank
  - Rate: 0.375% per annum over the current average yield on outstanding marketable obliga
  - Maturity: November 17, 2055
  - Event: incurrence
  source text: Pursuant to the loan guarantee program established under Title XVII of the Energy Policy Act of 2005, as amended from time to time (the “Title XVII Loan Guarantee Program”), Constellation and the DOE entered into the Loan Guarantee Agreement on November 17, 2025, pursuant to which the DOE agreed to guarantee the obligations of Constellation under the FFB Documents (the “DOE Guarantee”). The FFB Documents provide for a multi-advance term loan facility (the “Facility”), under which Constellation may make term loan borrowings (collectively, the “Guaranteed Loan”) through FFB, in a maximum principal amount not to exceed $1.0 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1168165/000186827525000099/0001868275-25-000099-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.