EnergyPolicy

Trump Administration Approves Major Grid Modernization Loan Despite Broader Energy Policy Shifts

The Trump administration has preserved a significant Biden-era energy initiative, finalizing a $1.6 billion loan guarantee for major grid upgrades. The project will modernize 5,000 miles of transmission lines across five states while similar renewable energy grants face cancellation.

Major Grid Modernization Project Moves Forward

The Department of Energy has reportedly finalized a $1.6 billion loan guarantee to upgrade approximately 5,000 miles of transmission lines, according to recent reports. The decision preserves a significant energy infrastructure initiative initiated during the final days of the Biden administration, marking a notable exception to the Trump administration’s broader pattern of reviewing and canceling late-term approvals.