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a $1.3 billion federal investment to build three new interstate power lines in an effort to upgrade the United States’ outdated electric grid and transition it to clean energy.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