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Constellation rises on report of up to $5 billion US loan offer

By Reuters News

** Shares of US power company Constellation Energy CEG.O up 2.8% at $259.58

** The Trump administration is offering up to $5 billion in financing to CEG to upgrade and modernize the nuclear operator's fleet of reactors in Illinois, Maryland, and Pennsylvania, Bloomberg News reports, citing the US energy department

** This will add nearly 1.1 gigawatts of electricity while strengthening the grid and lowering costs, the report adds

** CEG and the US Department of Energy did not immediately respond to requests for comment

** Including session's moves, CEG down 26.6% YTD

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