Date: 12/17/2024
Type: Implementation of IRA
On December 17, 2024, DOE’s loan programs office announced that it has made a conditional commitment to providing a loan guarantee of up to $15 billion to Pacific Gas & Electric Company (PG&E) for projects to increase hydropower generating, energy storage, and transmission capacity in California. The loan guarantee is being made through the Energy Infrastructure Reinvestment (EIR) program.
EIR was created by IRA section 50144 to repurpose energy facilities in the United States that have ceased operations for clean energy production.