American Electric Power secures $3.26 billion loan for Texas grid upgrades

nl.investing.com (Dutch)

American Electric Power secured a $3.26 billion loan from the Department of Energy for Texas grid upgrades. The federal funding will support nearly 100 projects across Texas aimed at enhancing grid reliability, including replacing old cables and building new transmission infrastructure. These upgrades are expected to double power capacity, reduce outages, and connect new power sources, addressing rising energy demands from data centers and industry.


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American Electric Power secures $3.26 billion loan for Texas grid upgrades | News Minimalist