Good news! CNBC's Rebecca Picciotto is reporting that President Biden approved $1.3 billion to build new power lines and upgrade aging electric grid. 

President Joe Biden has unveiled a $1.3 billion federal initiative to construct three new interstate power lines as part of efforts to modernize the U.S.'s aging electric grid and pivot towards clean energy. Spanning six states, these transmission lines will facilitate energy distribution from renewable sources across the nation. Notably, the Southline Project will channel wind energy from New Mexico to Arizona, while the Twin States Clean Energy Link Project aims to link Canadian clean energy with New England and vice versa. Furthermore, the Cross-Tie project will transport renewable energy from the West to the Midwest. Collectively, these projects are expected to add 3.5 gigawatts to the U.S. grid, equivalent to the energy needs of 3 million homes. This addition is anticipated to generate around 13,000 jobs. These efforts align with the Biden administration's goal of transitioning the U.S. to a carbon-neutral power sector by 2035, necessitating significant upgrades to the electric grid built predominantly in the 1960s and 1970s. The move is also a response to the rising frequency of extreme weather events impacting the current infrastructure. However, challenges remain, as these projects often face delays due to complex planning and construction hurdles.

Source: CNBC

(This article was written with help from ChatGPT)
Written by Ursa Nova

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