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Trump administration canceled a $4.9B loan guarantee for a line to deliver green power
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FILE - A solar farm sits in Mona, Utah, on Aug. 9, 2022. - photo by AP Photo/Rick Bowmer, File
TOPEKA, Kan. (AP) — The Trump administration on Wednesday canceled a $4.9 billion federal loan guarantee for a new high-voltage transmission line for delivering solar and wind-generated electricity from the Midwest to the eastern U.S. The U.S. Department of Energy declared that it is "not critical for the federal government to have a role” in the first phase of Chicago-based Invenergy's planned Grain Belt Express. The department also questioned whether the $11 billion project could meet the financial conditions required for a loan guarantee.