Summary
The U.S. Energy Department canceled a $4.9 billion loan guarantee for the Grain Belt Express, a large power line project. This decision, influenced by concerns from conservatives, poses a significant challenge for the project, which aims to connect wind and solar energy resources across several states.
Key Facts
- The Energy Department canceled the $4.9 billion loan guarantee for the Grain Belt Express.
- The project aimed to build a power line from Kansas to Indiana to support wind and solar energy.
- Conservatives criticized the project as a "green energy" initiative not in the interest of landowners.
- Senator Josh Hawley and Missouri officials opposed the project, citing concerns for landowners and taxpayers.
- Invenergy, the company behind the project, plans to continue development with private funding.
- Energy Department cited financial conditions as a reason for loan cancellation.
- Invenergy is considering connecting a gas-fired power plant and possibly existing coal generation to the power line.
