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JD Vance announces $150M for new Alaska power grid transmission line
Fox Business • • nation
Key Points:
- Vice President JD Vance announced a $150 million federal grant through the Defense Production Act (DPA) to support the Beluga-Healy Transmission Project, which will create a second high-voltage power line connecting south-central and interior Alaska.
- The project aims to reduce energy costs and improve grid reliability for approximately 75% of Alaska residents by building over 200 miles of new transmission lines.
- The DPA funding supplements $268 million in existing non-federal funds, with Energy Secretary Chris Wright highlighting the project's importance for U.S. military expansion and critical resource development in Alaska.
- The initiative is part of broader efforts under the Trump administration to enhance energy infrastructure and national security, including previous uses of the DPA to address oil supply disruptions.
