Biden Admin Cuts $15B Lame Duck Loan For Bankrupt California Utility

Dec 17, 2024

The Biden-Harris administration’s Department of Energy (DOE) announced Tuesday it had offered a conditional loan of up to $15 billion to Pacific Gas & Electric Company (PG&E), a California utility company, according to a press release. The proposed financing from the DOE Loan Programs Office… Biden Admin Cuts $15B Lame Duck Loan For Bankrupt California Utility