AEP Texas secured a $3.26 billion loan from the U.S. Department of Energy to fund approximately 100 transmission projects. The loan agreement was finalized in early July to support major grid infrastructure upgrades. These projects are aimed at enhancing power transmission capabilities across Texas through the allocated federal funding.
The U.S. Department of Energy finalized a $3.26 billion loan to fund 100 transmission projects and upgrade 2,800 miles of grid infrastructure.
Read the full storyThe U.S. Department of Energy finalized a $3.26 billion loan to fund 100 transmission projects and enhance grid reliability for 41 gigawatts of new load.
The American Electric Power subsidiary will use the DOE loan to modernize 2,800 miles of transmission lines, saving customers $685 million.