The Department of Energy has scrapped a planned $1.8 billion loan that would have supported renewable energy, battery and transmission projects for Arizona’s largest electric utility.
The conditional loan to Arizona Public Service was issued in January 2025 — during the Biden administration’s last days — but not finalized. DOE included the loan on a list emailed to POLITICO’s E&E News of modified or canceled loan commitments.
Last week, DOE said it had completed or was in the process of de-obligating $30 billion in Biden-era loans but did not provide a list of affected projects.
“President Trump promised to protect taxpayer dollars and expand America’s supply of affordable, reliable, and secure energy,” Energy Secretary Chris Wright said at the time.
