DOE Closes $5.1 Billion Loan to Alliant Energy, Adding Over 2.6 GW of Power in Iowa and Wisconsin
Washington — The U.S. Department of Energy's (DOE) Office of Energy Dominance Financing (EDF) announced on October 28 the financial close of a $5.1 billion loan package to Alliant Energy to lower electricity costs, expand firm power generation, and strengthen grid reliability in Iowa and Wisconsin. DOE said the investments will add more than 2.6 gigawatts (GW) of new or upgraded power generation capacity and deliver more than $1 billion in electricity cost savings for families and businesses across both states, adding enough electricity to power the equivalent of nearly 2 million homes.
DOE said the projects will support new natural gas-fired power plants, energy storage systems, and upgrades to existing generation facilities, and will create hundreds of construction-related jobs. The announcement advances President Trump's executive order Strengthening the Reliability and Security of the United States Electric Grid, ensuring the nation has the dependable power needed to meet growing electricity demand and strengthen American energy security, DOE said.
"The Energy Department is delivering on President Trump's promise to lower electricity costs and unleash the full potential of American energy," Secretary of Energy Chris Wright said in the DOE statement. "These investments will drive down energy costs for families and businesses in Iowa and Wisconsin, strengthen our nation's electric grid, and fuel American prosperity for decades to come." EDF Director Gregory A. Beard said: "Thanks to President Trump and Secretary Wright's leadership, EDF is putting capital to work to expand America's reliable energy infrastructure. By bringing new, dependable power online, we are strengthening our nation's energy security and lowering electricity costs for families and businesses across Iowa and Wisconsin."
DOE said the loan marks the Trump administration's tenth financial close, and the sixth and seventh utility financing completed through the Energy Dominance Financing Program. Under President Trump's leadership, DOE said, EDF is financing American energy and manufacturing projects that meaningfully contribute to U.S. energy security, grid reliability, and lowering costs for all Americans, while more responsibly managing taxpayer dollars.
Source: GSM · USA (original Chinese edition)
Photo: 图：位于华盛顿的美国能源部总部 Forrestal 大楼。Tim Evanson 摄，CC BY-SA 2.0，经 Wikimedia Commons。 / Photo: The James V. Forrestal Building, headquarters of the U.S. Department of Energy in Washington, D.C. Photo by Tim Evanson, CC BY-SA 2.0, via Wikimedia Commons.
