According to CoinMeta, the Trump administration in the United States is considering providing up to $5 billion in financing to Constellation energy companies for the upgrade and modernization of their nuclear reactor facilities in Illinois, Maryland, and Pennsylvania. The U.S. Department of Energy (DOE) stated that with the support of this conditional loan commitment, the related projects are expected to increase electricity supply by nearly 1.1 gigawatts (GW), which will help strengthen the power grid and reduce costs. U.S. Energy Secretary Rick Perry plans to announce this financing arrangement at a nuclear power plant in Illinois later on Tuesday, which supplies electricity to Google. Perry said in a statement, "The Department of Energy is accelerating the implementation of President Trump's 'American Nuclear Renaissance' plan and fully leveraging the potential of our existing nuclear facilities."