The energy professionals at ICF International are following developments related to The American Recovery and Reinvestment Act (HR 1), which will provide $787 billion to reinvigorate the U.S. economy.
Commonly known as the Stimulus Bill, it makes available $6 billion on top of the loan guarantees in Section XVII of the Energy Policy Act of 2005 for renewable, transmission, and other projects that utilize advanced technology and that demonstrate reductions in greenhouse gases. In addition, HR 1 provides $4.5 billion in outright grants for demonstration and pilot projects that utilize “smart grid” technology. |
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The U.S. Department of Energy (DOE) will decide what projects receive these federal subsidies. These loan guarantees and grants can considerably lower the cost of financing and capital costs, and thus make projects more likely to come to fruition.
ICF can help guide organizations as they navigate the application process, including:
- Developing the application and providing support throughout the multi-phase process
- Providing market analysis and environmental assessment needed to show state regulators and the DOE that the project is viable and can obtain required permits
- Assessing the technology and emissions reductions needed to receive such funds
We recently helped two major utilities develop their DOE applications for loan guarantees worth billions of dollars. ICF has the relevant experience that can help organizations achieve success. Click here to learn more.
ICF hosted a webinar on March 17, 2009, to help organizations learn more about the process of obtaining loan guarantees and grants available through the Stimulus Bill. Click here to view the archived presentation.
Selected Projects
Loan Guarantee Application for the Mid-Atlantic Power Pathway Transmission Project. For Pepco Holdings, Inc., ICF provided detailed support throughout the process of filing a loan guarantee application for the Mid-Atlantic Power Pathway (MAPP) transmission project, a 230-mile, 500-kV line stretching across four states. Our work included support for developing an overall strategy, organizing the process, drafting inputs, coordinating between different parts of the organization, tracking progress, producing drafts for senior staff and executives, and ensuring that the final application met the February 26, 2009, deadline.
Loan Guarantee Application for a Nuclear Plant. For another major eastern electric utility, ICF provided support for the loan guarantee application for a nuclear plant. This work included preparing the market analysis that justified the need for the plant and supporting the company in meeting with DOE as part of the loan application.
Regulatory Support. For numerous clients—Duke Energy, Florida Power & Light, American Electric Power, and National Grid—ICF has provided support in regulatory proceedings for the utility’s application for state approval of their advanced power generation and transmission projects. For others, we have conducted environmental impact assessments of natural gas pipelines and railroads.
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