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Department Of Energy Reconsidering Loans Issued Under Biden

Admin  -   11:00 am  -   May 13th, 2025


The Department of Energy is reconsidering a number of loans made from a $400 billion “green bank” late in the Biden Administration. According to Transport Topics, DOE recently started a review of its Loan Programs Office, which has financed nearly $70 billion in energy projects and made more than $41.2 billion in conditional commitments that haven’t been finalized. This includes $1.46 billion to biofuel maker Gevo Inc. and $4.4 billion for a high-voltage transmission line project spanning Kansas to Missouri.

In addition, the department offered nearly $23 billion total to several utilities, including subsidiaries of DTE Energy Co. and CMS Energy Corp., just days before Trump’s inauguration.

The Trump Administration was considering eliminating DOE’s Loan Programs Office, which has financed nearly $70 billion in energy projects and made more than $41.2 billion in conditional commitments that haven’t been finalized. But the White House has now decided to use the program to finance coal projects and promote nuclear reactors.