Washington, D.C., October 21, 2010 — The U.S. Department of Energy offered a conditional commitment for a $350 million loan guarantee to develop the One Nevada Transmission Line, the first transmission line project to be offered a conditional commitment by the Loan Programs Office of the DOE.
The project will carry about 600 MW of electricity, including renewable energy resources in northern Nevada, and will integrate existing transmission systems in northern and southern Nevada, improving grid reliability and efficiency, and reducing power costs.
The ON Line project will be the first phase of the Southwest Intertie Project which, when fully completed, will carry about 2,000 MW of electricity and enable wind and solar resources in Wyoming, Idaho and Nevada to power the southwest and California markets.
The ON Line project is expected to contract about 85 percent of its parts and labor from U.S.-based companies and will create about 400 construction jobs.
The DOE, through the Loan Programs Office, has issued loan guarantees or offered conditional commitments for loan guarantees to support 16 clean energy projects totaling in about $16.5 billion.