Lame Duck Watch: Biden Energy Department Hands Out Record $15 Billion Loan to California Utility
With the last month of their term approaching, the Biden Administration is handing out a record $15 billion loan to a California utility. The low-interest loan will reportedly fund more green energy projects in the state. The Wall Street Journal reports, “The Biden administration will provide a record $15 billion low-interest loan commitment to California utility company PG&E PCG 0.59%increase; green up pointing triangle to support hundreds of projects aimed at fighting the effects of climate change and improving the electrical grid. The loan by the Energy Department’s Loan Programs Office is slated to fund projects that refurbish PG&E’s hydroelectric infrastructure and upgrade power…