DOE Announces $584.5 Million Loan Guarantee to Subsidiaries of ...

Jan 17, 2025 · The U.S. Department of Energy Loan Programs Office (LPO) today announced the closing of a $584.5 million ($559.4 million in principal and $25.1 million in capitalized interest) loan guarantee to subsidiaries of Convergent Energy and Power Inc. (Convergent), a leading …

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DOE Announces $584.5 Million Loan Guarantee To Subsidiaries Of ...

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U.S. DOE Announces $584.5 Million Loan Guarantee To …

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Jan 18, 2025 · The U.S. Department of Energy Loan Programs Office (LPO) today announced the closing of a $584.5 million ($559.4 million in principal and $25.1 million in capitalized interest) …

cleantechnica.com

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AEP, DTE And 6 Other Utilities Win $22.9B In Conditional Loan ...

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Jan 16, 2025 · The U.S. Department of Energy on Jan. 16, 2025, announced conditional loan guarantee commitments for eight utilities totaling almost $23 billion. The utilities serve almost …

utilitydive.com

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U.S. DOE Announces $584.5 Million Loan Guarantee To …

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Jan 18, 2025 · Convergent will build and operate utility-scale solar-plus-storage in Puerto Rico, improving grid resilience and reducing costs for ratepayers. The U.S. Department of Energy …

renewablefocus.com

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8 Utilities Split Nearly $23B In DOE Loan Guarantees

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Jan 16, 2025 · 8 utilities split nearly $23B in DOE loan guarantees. By Brian Dabbs, Jason Plautz | 01/16/2025 06:31 AM EST . DOE also awarded up to $500 million for a new aluminum …

eenews.net

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Biden's DOE Finalizes $15 Billion Loan Guarantee To California's …

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Jan 17, 2025 · The DOE initially announced its plan to award funding to PG&E on Dec. 17 of last year, meaning the loan was finalized in only a month, far less time than normal for such financing.

yahoo.com

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PG&E Receives $15 Billion Loan Guarantee From US DOE - Power …

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Jan 20, 2025 · Pacific Gas & Electric (PG&E) has secured a record $15bn loan guarantee from the US Department of Energy (DOE), marking a significant move in the energy sector. This …

power-technology.com

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DOE Announces $15 Billion Loan Guarantee For PG&E - Yahoo …

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Dec 17, 2024 · The U.S. Department of Energy’s (DOE’s) Loan Programs Office (LPO) has announced a conditional commitment for a loan guarantee of up to $15 billion to Pacific Gas & …

yahoo.com

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DOE Unveils Up To $15 Billion Loan Guarantee Conditional …

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Dec 17, 2024 · The U.S. Department of Energy’s Loan Programs Office on Dec. 17 announced a conditional commitment for a loan guarantee of up to $15 billion to Pacific Gas & Electric …

publicpower.org

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Utilities Await Clarity On DOE Loans As Decisive Court Battle Looms

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3 days ago · A $3.5 billion conditional loan guarantee to PacifiCorp would support the utility’s Project WIRE, adding about 700 miles of new high-voltage transmission line to incrementally …

utilitydive.com

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DOE Announces Conditional $15B Loan Guarantee For PG&E To …

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Dec 17, 2024 · The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) has announced a conditional commitment for a loan guarantee of up to $15 billion to Pacific Gas & …

tdworld.com

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U.S. DOE Announces $15 Billion Loan Guarantee To

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Jan 18, 2025 · Across all LPO’s programs, DOE has attracted 182 applications for projects across the country totaling over $278.9 billion in requested loans and loan guarantees, as of …

cleantechnica.com

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DOE Announces $15 Billion Loan Guarantee To Pacific Gas

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Jan 17, 2025 · As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy’s Loan Programs Office (LPO) announced today the closing of a $15 …

energy.gov

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Department Of Energy Announces $15 Billion Loan For New …

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Dec 17, 2024 · CALIFORNIA – The Department of Energy (DOE) announced today a conditional commitment for an Energy Infrastructure Reinvestment (EIR) loan guarantee of up to $15 …

sierraclub.org

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DOE Closes $1.66 Billion Loan Guarantee For Plug Power's Clean …

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Jan 17, 2025 · The loan guarantee, which includes $1.55 billion in principal and $107 million in capitalized interest, will enable Plug Power Energy Loan Borrower, LLC, a subsidiary of Plug …

solarquarter.com

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Baker Botts Represents DOE LPO In $2.5 Billion Loan Guarantee To …

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Dec 16, 2024 · Deal Description: The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) has announced a conditional commitment for a loan guarantee of up to $2.5 billion to …

bakerbotts.com

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LPO Announces Conditional Commitment To Alliant Energy To …

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Jan 16, 2025 · The U.S. Department of Energy’s Loan Programs Office (LPO) announced today two conditional commitments for loan guarantees totaling over $3 billion to Alliant Energy …

energy.gov

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LPO Announces Conditional Commitment To Consumers Energy To …

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Jan 16, 2025 · The Department of Energy Loan Programs Office announced a conditional commitment for a loan guarantee of up to $5.23 billion to Consumers Energy, a subsidiary of …

energy.gov

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DOE Announces $6.57 Billion Loan To Rivian To Support The …

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Jan 16, 2025 · As part of the Biden-Harris Administration’s Investing in America agenda, the Department of Energy’s (DOE) Loan Programs Office (LPO) announced today the closing of a …

energy.gov

FAQs about DOE Announces $584.5 Million Loan Guarantee to Subsidiaries of ... Coupon?

What is the DOE Loan Programs Office?

The DOE Loan Programs Office was created in 2005. It has been a pivotal part of the Biden administration’s efforts to support renewable energy. ...

Will Consumers Energy get a 523 billion loan guarantee in 2031?

Consumers Energy, a subsidiary of CMS Energy, could receive a $5.23 billion loan guarantee for investments through 2031 in solar generation, wind generation, battery storage, virtual power plant projects and the replacement of legacy natural gas pipelines. ...

Why did PG&E secure a $15bn loan guarantee?

Pacific Gas & Electric (PG&E) has secured a record $15bn loan guarantee from the US Department of Energy (DOE), marking a significant move in the energy sector. This financial backing is part of the Biden-Harris administration’s Investing in America agenda and is aimed at supporting PG&E’s Project Polaris – a series of infrastructure investments. ...

Will DTE gas & DTE Electric use LPO's loan facility and disbursement approach?

As regulated utilities, DTE Gas and DTE Electric will utilize LPO’s loan facility and disbursement approach. Utility borrowers for Energy Infrastructure Reinvestment (EIR) projects must demonstrate that the financial benefits received from the DOE loan guarantee will be passed on to the customers of, or communities served by, that utility. ...

What does the DOE loan program mean for PG&E?

Patti Poppe, PG&E’s chief executive, in a statement in December said, “The DOE loan program can help us accelerate the pace and impact of this work, which supports thousands of living wage jobs, at a lower cost to our customers.” ...

When did Consumers Energy submit a loan application to LPO?

Consumers Energy submitted its loan application to LPO in December 2023.The project, called CE Clean Energy, consists of proposed investments through 2031 in solar generation, wind generation, battery storage, virtual power plant projects, and the replacement of legacy natural gas pipelines. ...