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Biden announces $1.3 billion to build new power lines, upgrade aging electric grid

www.cnbc.com Biden announces $1.3 billion to build new power lines, upgrade aging electric grid

The power lines will aim to supply 3.5 additional gigawatts of energy to the U.S. grid, which equates to powering 3 million homes.

Biden announces $1.3 billion to build new power lines, upgrade aging electric grid

President Joe Biden announced Monday a $1.3 billion federal investment to build three new interstate power lines in an effort to upgrade the United States' outdated electric grid and transition it to clean energy.

The electric transmission lines will cross through six states: Arizona, Nevada, New Hampshire, New Mexico, Utah and Vermont.

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