"Biden Administration Invests $1.3 Billion to Upgrade US Electric Grid with New Power Lines"

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Source: CNBC
"Biden Administration Invests $1.3 Billion to Upgrade US Electric Grid with New Power Lines"
Photo: CNBC
TL;DR Summary

President Joe Biden has announced a $1.3 billion federal investment to construct three new interstate power lines, aiming to upgrade the outdated U.S. electric grid and transition to clean energy. The transmission lines will span six states and supply an additional 3.5 gigawatts of energy to the grid, equivalent to powering 3 million homes. The investment is part of the Biden administration's plan to achieve a carbon-free power sector by 2035. However, the construction of power lines often faces delays and challenges, and the projects are subject to necessary approvals and permitting processes.

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