California Energy Journal

California Energy Journal

Power and Utilities

PG&E Receives $15 Billion Federal Loan

Jan 20, 2025
∙ Paid

On January 17, 2025, the U.S. Department of Energy (DOE) finalized a $15 billion loan for Pacific Gas & Electric (PG&E) to expand hydropower generation and battery storage, upgrade transmission capacity, and enable virtual power plants.

The funds will help the utility upgrade its transmission lines, which have been blamed for causing wildfires. The outgo…

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© 2025 Philip MacFarlane
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