The U.S. Department of Energy (DOE) announced a $15 billion loan guarantee to Pacific Gas & Electric (PG&E) for its Project Polaris, focusing on hydropower generation, battery storage, and grid enhancements. This loan aims to meet forecasted load growth, improve electric reliability, and reduce costs for California consumers.

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U.S. DOE Announces $15 Billion Loan to PG&E for Clean Energy Upgrades in California