Federal lending program
Appears in 2 stories
Lender for the restart
A shuttered Iowa nuclear plant is getting federal money to come back online. The Department of Energy closed a loan of up to $1.9 billion on September 8 to help NextEra Energy restart the Duane Arnold Energy Center, which a 2020 derecho knocked offline.
Updated 3 days ago
Lender for the AEP Texas projects
AEP Texas has closed a $3.26 billion federal loan to rebuild the state's power grid. The money funds roughly 100 projects covering 2,800 miles of transmission lines. Key corridors get double the carrying capacity, aimed at data centers and Permian Basin oil fields.
Updated Aug 24
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