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PG&E may get up to $15 billion in federal loans to modernize its grid and expand clean energy.
California's Pacific Gas & Electric (PG&E) may receive up to $15 billion in federal loans to modernize its power grid and expand clean energy infrastructure.
The loan, through the U.S. Department of Energy's Energy Infrastructure Reinvestment program, will support projects like expanding hydropower and battery storage, upgrading transmission, and enabling virtual power plants.
PG&E estimates this could save customers up to $1 billion in costs.
The Sierra Club supports the move, noting benefits including stable rates and reduced emissions.
The loan is hoped to be finalized before President Biden leaves office.
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PG&E puede obtener hasta $15 mil millones en préstamos federales para modernizar su red y expandir la energía limpia.