US · Washington, D.C. · Jul 10, 2026

DOE Finalizes $3.26 Billion Loan to Modernize Texas Electricity Grid

The U.S. Department of Energy’s Loan Programs Office announced a loan of up to $3.26 billion to AEP Texas aimed at strengthening the Texas electricity grid and reducing costs.

Single-source US Washington, D.C. Business Technology

Note: Single-source report; awaiting corroboration.

The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) has closed a loan of up to $3.26 billion to American Electric Power (AEP) Texas. The loan aims to lower electricity costs and strengthen, as well as modernize, the Texas electric grid, according to a DOE press release dated July 8, 2026.

The DOE Loan Programs Office provides loans and loan guarantees to support energy infrastructure projects, focusing on improving grid reliability and energy affordability across regions.

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