The Department of Energy’s Loan Programs Office on January 16 announced eight conditional commitments through its Title 17 Energy Infrastructure Reinvestment program, comprising $22.92 billion to utilities serving more than 14.78 million customers across 12 states.
Projects supported by the announcements include transmission, clean generation, energy storage, grid modernization, and gas pipeline investments.
“By accessing LPO’s lowest-cost debt, these utilities will incur lower financing costs for their qualifying infrastructure projects than if they had used commercial capital markets, and they will pass along the savings to customers,” LPO said.
Utilities receiving conditional commitments and links to additional details are as follows:
- PacifiCorp (transmission)
- DTE Energy (natural gas, generation, energy storage)
- Interstate Power and Light (clean energy generation, energy storage)
- Alliant Energy (wind power, battery storage)
- Consumers Energy (generation, gas distribution)
- Jersey Central Power & Light (transmission)
- AEP (transmission)