DOE Finalizes Loan Guarantee For New Transmission Project

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The U.S. Department of Energy (DOE) has finalized a $343 million loan guarantee, supported by the American Reinvestment and Recovery Act, to develop the One Nevada Transmission Line (ON Line) project.

The ON Line project, which is jointly owned by Great Basin Transmission South LLC and NV Energy, consists of a new 500 kV AC transmission line that will carry approximately 600 MW of electricity, including from renewable energy resources, in northern Nevada.

‘As our country increases its use of alternative energy sources, new transmission lines like the ON Line project will play a vital role in moving clean energy from one region to another,’ says Energy Secretary Steven Chu.

The ON Line project will run 235 miles from Ely, Nev. to just north of Las Vegas, with a new substation located at the northern end of the line. ON Line represents the first phase of the Southwest Intertie project, which, when fully completed, will carry approximately 2,000 MW of electricity and enable wind and solar resources in Wyoming, Idaho and Nevada to power the Southwest and California markets.

Project sponsors estimate that the ON Line project will contract about 85% of its parts and labor from U.S. companies and will create approximately 400 construction jobs.

SOURCE: U.S. Department of Energy

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