The Energy Department announced on Wednesday it finalized a $3.26 billion loan to help boost electricity transmission infrastructure and reduce power interruptions in Texas.<\/p>\n
The financing from the Office of Energy Dominance Financing to AEP Texas, a subsidiary of American Electric Power, will support a portfolio of nearly 100 projects to enhance grid reliability, the company said.<\/p>\n
AEP Texas said it signed letters of agreement supporting up to 41 gigawatts of potential new load additions through 2030. The agreement is expected to provide an estimated $685 million in total savings to customers on electricity costs over 30 years.<\/p>\n
The company intends to use the loan to rebuild or reconductor existing transmission lines, as well as build new transmission lines spanning about 2,800 miles.<\/p>\n","protected":false},"excerpt":{"rendered":"The Energy Department announced on Wednesday it finalized a $3.26 billion loan to help boost electricity transmission infrastructure…\n","protected":false},"author":2,"featured_media":366761,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[27,29,28],"class_list":["post-366760","post","type-post","status-publish","format-standard","has-post-thumbnail","category-texas","tag-texas","tag-texas-headlines","tag-texas-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/366760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=366760"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/366760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/366761"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=366760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=366760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=366760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}