2021 Year End Round Up: What Is In The Infrastructure Investment And Jobs Act?
- Jan 24, 2022 8:15 pm GMT
At the end of the year, Arnold & Porter is doing a series of blog posts focused on some of the key environmental and energy provisions in the
The current US electric grid largely was not designed with the demands of renewable energy and smart grid technology in mind. Wind and solar power generation, for example, may be quite remote from populated areas, and must be moved from the point of generation to the point of delivery to a customer. Transmission lines will be critical to a transition to less carbon intensive economy. According to a
Building transmission lines in
Of the roughly
$5 billionin grants for electricity transmission, storage, and distribution projects, with another $1 billionspecifically for projects in rural areas; $3 billionin grants for deploying smart grid technologies; $2.5 billionfor a "revolving loan fund," allowing the DOEto serve as an anchor tenant for new and updated transmission lines to improve the financial viability of such projects; $500 millionfor a state-level transmission and distribution infrastructure program.
Besides significant infrastructure spending, the IIJA attempts to ease the process of building transmission lines by expanding the
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