Doe Unveils $4.5 Billion for Future Transmission Projects
The Biden Administration pushes federal authority to the brink, all to upgrade the US's power lines.
Greenbiz 7:26 pm on May 9, 2024
The Department of Energy announced $4.5 billion for future high-voltage transmission lines, aimed at upgrading the power grid with 10 National Interest Electric Transmission Corridors to mitigate intermittency risks from renewables and facilitate decarbonization efforts. This move bypasses state restrictions through federal authority under the Bipartisan Infrastructure Law and comes amidst legal challenges against energy regulations, with FERC's new backstop siting rules pending.
- Budget Announcement: DOE unveils $4.5 billion for transmission infrastructure.
- Grid Modernization: Designated 10 National Interest Electric Transmission Corridors to upgrade grid resilience.
- Legal Challenges: Anticipate confrontations with states and pending federal regulations.
- Public Participation: Open a 45-day period for public commentary on the proposed corridors.
- Transmission Financing: Releases eligibility criteria and $2 billion TFF program funds from Inflation Reduction Act.
https://www.greenbiz.com/article/doe-unveils-45-billion-future-transmission-projects