Your Source for Energy Jobs & Industry News
The Biden administration has finalized a $ 15 billion loan guarantee to California utility Pacific Gas & Electric (PG&E), in the biggest outlay to a single group in the history of […]
The post Biden’s DOE Finalizes $ 15 Billion Loan Guarantee to California’s PG&E appeared first on POWER Magazine.
The post Power Infrastructure Prominent in Biden’s $ 2.25 Trillion Blueprint appeared first on POWER Magazine.
A major chunk of President Joe Biden’s $ 2.25 trillion transformational plan to overhaul the nation’s infrastructure is dedicated to re-energizing America’s power infrastructure. The initiatives garnered the industry’s approval—with notable exceptions.
The “American Jobs Plan,” released on March 31, strives to jumpstart the U.S. economy, which drooped under burdens posed by the COVID-19 pandemic. But according to senior administration officials, forward-looking initiatives unveiled on Wednesday are also “about focusing on how can we make a historic capital investment in America to improve our competitiveness, create millions of jobs, rebuild our infrastructure, and position our economy to face the crises and the threats we will face in the future, and finally address the climate crisis as a nation.”
Along with initiatives to fix highways, rebuild bridges, upgrade ports, airports, transit systems, drinking water systems, digital infrastructure, and public institutional infrastructure, the plan seeks to revitalize manufacturing, secure U.S.…