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submitted 1 year ago by MicroWave@lemmy.world to c/news@lemmy.world

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a $1.3 billion federal investment to build three new interstate power lines in an effort to upgrade the United States' outdated electric grid and transition it to clean energy.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

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[-] Chapelgentry@lemmy.world 27 points 1 year ago

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

[-] Nougat@kbin.social 75 points 1 year ago

You don't even have to click through to the article to read

... to build three new interstate power lines ...

The $1.3B is not intended to upgrade the entire power grid.

[-] Earthwormjim91@lemmy.world 24 points 1 year ago

Anyone who thought $1.3 B could upgrade the entire power grid is an idiot in the first place.

Maybe $1.3 T.

[-] joenforcer@midwest.social 16 points 1 year ago

ONLY $1.3T?

laughs in goverment-sanctioned for-profit public utility monopolies

[-] orrk@lemmy.world 5 points 1 year ago

natural monopolies are fun right? btw the alternative is the joy of the current ISP market, statistically, you are on one of three different providers and have almost no choice

this post was submitted on 08 Nov 2023
425 points (98.9% liked)

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