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Transmission Facility Financing

Federal Agency: Department of Energy
Bureau or Office: Grid Deployment Office

IRA Statutory Location: 50151

Program Description: To carry out a direct loan program for transmission facility financing for
the construction or modification of electric transmission facilities designated by the Secretary to
be in the national interest under section 216(a) of the Federal Power Act.

Funding Amount: $2,000,000,000

Period of Availability: To remain available through September 30, 2030. DOE shall not enter
into loan agreements that could result in disbursements after September 30, 2031.

Funding Mechanism: Loan

New or Existing Program: New

Eligible Recipients: Transmission Developers

Tribal Eligibility: Yes

Eligible Uses: Construction or modification of transmission facilities designated by the
Secretary to be in the national interest under section 216(a) of the Federal Power Act.

Cost Share Requirements: N/A

Formula Funding: No

SAM.gov Assistance Listing: TBD

36 B U IL D IN G A C L E A N E N E R G Y E C O N O MY
G U ID E B O O K | J AN UARY 20 2 3 | VE RS I O N 2