Office: Office of Electricity

Funding amount: $2,500,000,000

Period of Availability: Available until expended

Funding Mechanism: Loan, Direct Financing, or Capacity Purchase

New Program: Yes

Recipients: Transmission Developers

Description: To facilitate the construction of electric power transmission lines and related facilities to enable greater clean energy growth and provide low-cost clean energy to more Americans.

Eligible Uses: To facilitate eligible projects, the Secretary may-- (A) enter into a capacity contract with respect to an eligible project with the objective of reselling that capacity once the financial viability of the project has been established; (B) issue a loan to an eligible entity for the costs of carrying out an eligible project; or (C) participate with an eligible entity in designing, developing, constructing, operating, maintaining, or owning an eligible project.

Program Announcements: Download the Notice of Intent and Request for Information

Next Milestone: Anticipated additional Notice of Intent and Request for Information in Q1 2023

Program Contact: