PG&E Secures $15 Billion Loan From U.S. Energy Department

The loan, the biggest-ever commitment from the Loan Programs Office, is intended to fund the California utility’s grid and climate resiliency projects.

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Biden Administration Agrees to Record $15 Billion Loan to PG&E

The Energy Department loan would finance the California utility’s efforts to upgrade the power grid and reduce emissions.
The Wall Street Journal - 18h
Alibaba Expects to Book $1.28 Billion Loss on Sale of Department Store

The sale comes as Alibaba has been restructuring its businesses to focus on the e-commerce sector amid intensifying competition with its Chinese rivals.
The Wall Street Journal - 22h
Energy Department says unrestricted natural gas exports would spike prices

Domestic energy prices would sharply increase if the U.S. conducts unrestricted exports of liquefied natural gas (LNG), the Department of Energy said in a long-awaited report released Tuesday. The ...
The Hill - 7h
Biden administration offers California's PG&E up to $15B loan to boost climate resilience

The Biden administration on Tuesday announced its conditional approval of a loan guarantee for Pacific Gas & Electric Co. (PG&E) of up to $15 billion, which would serve to decarbonize the massive ...
The Hill - 11h
Trump announces $100 billion investment from SoftBank Group in U.S. projects

President-elect Donald Trump and SoftBank Group CEO Masayoshi Son announced on Monday a $100 billion investment from SoftBank into U.S. projects over the next four years.
CBS News - 1d
Investment Fund Acadia Readies $9 Billion Renewable Energy Project Lineup

The investor group, with support from Microsoft and other companies, hopes to build out 5 gigawatts of renewable power capacity in the next five years.
Inc. - 6d
U.S. Transfers $20 Billion Loan to Ukraine Backed by Russian Assets

The economic lifeline ensures that Ukraine will have economic support after President-elect Donald J. Trump takes office.
The New York Times - Dec. 10
A $400 Billion Clean Energy Program Is Racing to Get Money Out the Door

Some fear Donald Trump could freeze the Energy Department’s loan office, which supports electric vehicles, geothermal, nuclear and other novel technologies.
The New York Times - Dec. 6
Green energy from banana waste?

Scientists say they've found found a new way to turn trash into a valuable commodity. CBS News' Leah Mishkin has the story about tons of banana stems being used to power up homes, and maybe even to ...
CBS News - Dec. 6