Home Climate Trump admin approves $1.6B in financing for AEP transmission project

Trump admin approves $1.6B in financing for AEP transmission project

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Trump admin approves .6B in financing for AEP transmission project

The termination came a week after Sen. Josh Hawley, a Missouri Republican, told The New York Times that he had made a personal appeal to Trump to block the project.

He said, Well, let’s just resolve this now,’” Hawley told the newspaper. So he got Chris Wright on the line right there.”

Hawley’s hostility to the Grain Belt Express followed a playbook that has long been deployed by actors across the political spectrum to block transmission projects, amplifying not-in-my-backyard opponents’ anger over seizures of land through eminent domain. In this case, Missouri farmers balked at the transmission route running through their land without, in their view, providing enough direct benefits.

A similar dynamic tanked construction of the 700-mile-long transmission project that Clean Line Energy Partners wanted to build to connect wind farms in Oklahoma to energy users in Tennessee nearly a decade ago, as chronicled in journalist Russell Gold’s book, Superpower: One Man’s Quest to Transform American Energy.” In Maine, meanwhile, environmental groups teamed up with fossil-fuel companies to pass a 2021 referendum banning construction of a power line connecting New England’s electricity-starved grid to Quebec’s almost-entirely carbon-free hydroelectric system.

The Trump administration has slashed far more than just the Grain Belt Express’ funding. Since taking office, Trump has yanked billions in Biden-era loans and grants for clean-energy projects and clawed back incentives for the sector in the One Big Beautiful Bill Act. One of the few projects to receive steady funding under Trump’s Loan Programs Office has been nuclear developer Holtec International’s bid to restart the Palisades plant in Michigan, which aims to come back online before the end of the year.

The administration also in early October announced a list of billions of dollars more in clean-energy funding cuts targeted primarily at blue states — a list that included 26 grants from the DOE’s Grid Deployment Office, most of which are meant to expand the grid and boost its reliability.

Still, the latest transmission loan — along with the federal government’s AI Action Plan released in July — could signal that the administration is starting to acknowledge the importance of reinforcing the grid, said Thomas Hochman, director of the infrastructure and energy policy program at the right-leaning think tank Foundation for American Innovation.

From the AI Action Plan to this latest loan, it’s great to see signs of this administration recognizing the centrality of the grid to AI and China competition,” he said. 

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Great Job Alexander Kaufman & the Team @ Canary Media Source link for sharing this story.

#FROUSA #HillCountryNews #NewBraunfels #ComalCounty #LocalVoices #IndependentMedia

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