Biden Administration Clears $1.5 Billion for Power Grid Projects

Oct. 3, 2024, 10:00 AM UTC

The Biden administration is teeing up $1.5 billion to build nearly 1,000 miles of new transmission lines across six states in the federal government’s latest bid to improve electric grid reliability.

Thursday’s announcement marks the second round of funding through the Department of Energy’s Transmission Facilitation Program. The four new projects are expected to create 7,100 megawatts of additional capacity throughout Louisiana, Maine, Mississippi, New Mexico, Oklahoma, and Texas, according to a press release from the US Department of Energy.

“Building new transmission is extremely challenging, and it’s also extremely important,” David Turk, DOE’s deputy secretary, told reporters on ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.