Energy Literacy Advocates Newsroom

$54 billion in funds for environmental energy projets received its first approval from a U.S. House panel. The panel approved spending an estimated $54 billion in economic stimulus funds for projects, including improving the transmission of wind-generated electricity and expanding conservation projects.

Other measures, like spending for power lines, efficiency projects, and a program to insulate low-income homes, are also included. Additionally, the measure would provide $8.4 billion in renewable energy loan guarantees, renewing and extending some existing programs.

The energy provision is a portion of the $825 billion economic stimulus measure. The broader legislation includes $550 billion in new government spending and $275 billion in tax cuts.

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Labels: efficiency, energy policy, energy sources, environment, renewables, u.s. energy policy