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US DOE finalizes loan aid for Nevada power line
February 15, 2011 / 9:08 PM / 7 years ago

US DOE finalizes loan aid for Nevada power line

WASHINGTON, Feb 15 (Reuters) - The U.S. Department of Energy has finalized a $343 million loan guarantee for a Nevada power line expected to carry 600 megawatts of electricity including from renewable sources such as solar power.

The ON Line project is jointly owned by Great Basin Transmission South, LLC and NV Energy NVE.N. It was the first transmission line to get loan aid from the DOE, the department said on Tuesday.

Reporting by Timothy Gardner

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