U.S. Energy Department Approves $3.26 Billion Loan for AEP Texas to Expand Grid Infrastructure

The U.S. Energy Department on July 8 approved a loan of up to $3.26 billion for AEP Texas to expand and modernize the state’s transmission system, extending the Trump administration’s effort to strengthen domestic energy infrastructure. The financing, provided through the Office of Energy Dominance Financing, is expected to lower long-term electricity costs, improve grid…...