Energy Department Cancels Loan for Grain Belt Express Power Line

1 min read
Source: The New York Times
Energy Department Cancels Loan for Grain Belt Express Power Line
Photo: The New York Times
TL;DR

The U.S. Energy Department canceled a $4.9 billion loan guarantee for the controversial Grain Belt Express transmission project, citing unlikely conditions for support and concerns over taxpayer resources, which may jeopardize the $11 billion infrastructure aimed at transmitting wind energy across the Midwest amid opposition from landowners and Republican lawmakers.

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