U.S. Energy Department Finalizes $1.6 Billion Loan Guarantee to AEP for Midwest Grid Reliability Project

The U.S. Department of Energy’s Loan Programs Office on Oct. 16 finalized a $1.6 billion loan guarantee to a subsidiary of American Electric Power, one of the nation’s largest utility companies. The financing aims to strengthen grid reliability and lower electricity costs by reconductoring and rebuilding about 5,000 miles of transmission lines in Indiana, Michigan,…...