US Agency Deals Crushing Blow to Multi-Billion-Dollar Project over Decade in Making: 'This Is Bizarre'

US agency deals crushing blow to multi-billion-dollar project over decade in making: 'This is bizarre'

The future of a transmission project intended to boost grid reliability and stabilize energy prices is now uncertain  On July 23, the U.S. Department of Energy announced that it has canceled a $4.9 billion federal loan guarantee for the Grain Belt Express.   What's happening? As Canary Media detailed, the Grain Belt Express transmission line would carry solar and wind energy from western Kansas into Missouri, Illinois, and Indiana.  Now, after t…

Trump administration yanks loan from transmission line project meant to carry Kansas wind energy

An Invenergy visualization shows what the Grain Belt Express transmission line would look line running across a farmer's land. The U.S. Department of Energy pulled a federal loan guarantee that was in place for the 800-mile transmission line. (Invenergy)TOPEKA — The U.S. Department of Energy yanked a $5 billion loan from the company building the Grain Belt Express, saying the project is “unlikely” to meet conditions required for the loan guarant…