Wed, Oct 28

NEWS: Another day, another DOE megaloan: Alliant Energy is getting $5B for new gigawatts.

  • The details: The DOE is loaning $5.1B to Alliant Energy for its utilities to add new capacity in Iowa and Wisconsin (the company is considering 1.6 GW of natural gas and 1 GW of storage, along with upgrades to gas plants). The projects will save customers in the two states more than $1B, the department said. 

  • The cash keeps flowing: On Tuesday, the agency announced a separate $5B loan to support Constellation’s nuclear uprates in PJM. That marks more than $10B in federal funding over the span of a few days—clearly the Trump administration is serious about expanding US capacity ASAP.

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