Arizona’s largest power company, Arizona Public Service, is losing out on $1.8 billion from the federal government. The money would have been used for clean energy projects.
The U.S. Department of Energy last week announced plans to restructure, substantially revise or eliminate more than $83 billion in loans that the Biden administration had planned for clean energy projects.
The Trump administration instead wants to prioritize nuclear, coal, gas and geothermal energy generation.
“By conducting a thorough review to determine which projects do not serve the best interest of the American people, we are restoring public trust in the federal government and working to fully achieve this Administration's energy dominance agenda,” a Year in Review letter from the DOE said.
The APS loan had been planned for a new battery storage facility to support a solar generation site, along with other new renewable energy projects.
In a statement, a spokesperson for APS said, “APS was aware that this was coming, and it will have no impact on plans for developing resources that serve our customers with top-tier reliability.”
APS had previously committed to generating 100% of its energy from clean sources by 2050. But in August, the utility scrapped those goals and announced new investments in gas.
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