President Joe Biden announced Monday a $1.3 billion federal investment to build three new interstate power lines in an effort to upgrade the United States’ outdated electric grid and transition it to clean energy.
The electric transmission lines will cross through six states: Arizona, Nevada, New Hampshire, New Mexico, Utah and Vermont.
As someone who has worked for a number of transmission companies, $1.3 Billion dollars is a laughable investment. Duke Energy spent the better part of last year trying to find $54 Billion for it’s capital investment projects.
Most electric transmission companies in the US spend this much on capital projects on an annual basis. I like the idea of investing in our infrastructure but this is money wasted
You don’t even have to click through to the article to read
The $1.3B is not intended to upgrade the entire power grid.
Anyone who thought $1.3 B could upgrade the entire power grid is an idiot in the first place.
Maybe $1.3 T.
ONLY $1.3T?
laughs in goverment-sanctioned for-profit public utility monopolies
natural monopolies are fun right? btw the alternative is the joy of the current ISP market, statistically, you are on one of three different providers and have almost no choice
The propaganda is out in force.