Energy · 41 views
DOE closes up to $3.26B loan to AEP Texas
The money is intended to go towards upgrading and building transmission lines spanning roughly 2,800 miles. The utility has agreements supporting up to 41 GW of potential new load.
AI Summary
A significant investment in the US energy infrastructure has been made with the Department of Energy's (DOE) loan to AEP Texas. The DOE has closed a loan of up to $3.26 billion to AEP Texas, which will be used to upgrade and build transmission lines spanning approximately 2,800 miles. This investment is notable due to the utility's agreements supporting up to 41 GW of potential new load, indicating a substantial capacity for growth and development in the region.
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