Climate Bill Targets Transmission to Unjam Clean Energy Backlog

Senate Democrats’ climate bill includes $3 billion in loans and grants for electric transmission projects—money that, in addition to tax incentives for electricity generators, would break down a significant barrier to a large-scale clean energy rollout, advocates said.

The Inflation Reduction Act (H.R. 5376) that senators passed Sunday would authorize the Energy Department to issue $2 billion in loans to support new and upgraded electric transmission lines that are deemed part of national corridors. The department would have $760 million in grants to siting authorities—namely state governments—to aid developers in navigating the review and approval processes. ...