Transmission Facility Financing is designed to carry out a direct loan program for transmission facility financing for the construction or modification of electric transmission facilities designated by the Secretary to be in the national interest under section 216(a) of the Federal Power Act.
Overview
Office:Grid Deployment Office |
New Program:Yes |
Funding Amount:$2,000,000,000 |
Funding Mechanism:Loan |
Recipients:Transmission Developers |
Period of Availability:To remain available through 9/30/2030. DOE shall not enter into loan agreements that could result in disbursements after September 30, 2031. |
Assistance Listing:TBD |
Formula Funding:No |
Tribal Eligibility:Yes |
Cost Share Requirement:N/A |
More Information
Construction or modification of Transmission facilities designated by the Secretary to be necessary in the national interest under section 216(a) of the Federal Power Act.