facebook-pixel

Energy Dept. offers utilities like Pacificorp $22 billion to reshape U.S. power grids

Rocky Mountain Power’s owner would receive a $3.52 billion loan guarantee.

(Todd Heisler | The New York Times) A worker replaces arrays at a DTE solar park in Lapeer, Mich. on Oct. 27, 2022. The Energy Department said on Jan. 16, 2025 that it planned to offer $22.9 billion in loan guarantees to help eight electric utilities around the country modernize their power grids, add large amounts of renewable energy — and pass along any resulting savings to customers.

(Todd Heisler | The New York Times) A worker replaces arrays at a DTE solar park in Lapeer, Mich. on Oct. 27, 2022. The Energy Department said on Jan. 16, 2025 that it planned to offer $22.9 billion in loan guarantees to help eight electric utilities around the country modernize their power grids, add large amounts of renewable energy — and pass along any resulting savings to customers.

MOST VIEWED

By Brad Plumer | The New York Times