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PG&E to receive record $15 billion loan from Biden administration in its last days
The Biden administration is set to provide a record $15 billion loan to California-based utility Pacific Gas & Electric Company in an effort to boost the grid and secure more financial support for climate projects before President-elect Donald Trump takes office again.
The Department of Energy’s Loan Programs Office announced the conditional commitment for a loan guarantee for PG&E on Tuesday, with the funds expected to go toward a...
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