Biden Administration Offers $23 Billion Conditional Loans to Utilities

The Loan Programs Office of the U.S. Department of Energy on Thursday announced $23 billion worth of funding support to several utilities to improve infrastructure and reduce emissions, as part of the outgoing Administration’s Inflation Reduction Act. The Loan Programs Office (LPO), created under the Inflation Reduction Act that the Biden Administration has promoted, announced conditional commitments for loan guarantees for several utilities in several U.S. states. The future of the program is uncertain under incoming President Donald Trump.…