Infrastructure Investment & Jobs Act passed in November of 2021 designated $1.2 trillion towards clean water initiatives (lead mitigation and other), upgrading roads & bridges, expanding public transit, upgrading ports, and expanding passenger rail. The bill also addresses the needs of cooperative and municipal electric utilities.
In the bill over $100 billion in grants are being made available to support a wide range of electric utility projects, including:
- Distribution Grid Resiliency – Existing Programs and R&D
- Energy Improvement – Rural & Remote Areas
- Technology for Smart Grid including AMI
- EV Charging Network
- Middle Mile Fiber
- Hydro Efficiency and Improvement
The grants will be released through a combination of federal departments and state agencies. Overall program objectives have been released, while the specific program details and grant filing instructions will be developed over the next few months. A sample summary of portions of the bill applicable to cooperative and municipal electric utilities is shown below.
PSE is positioned to support your evaluation and preparation of grant applications. In addition, we can assist in monitoring and reporting of requirements of grants once received.
Contact our experts for an in-depth discussion.