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Smarter grids, like Chattanooga's, are just part of what it will take to modernize the American grid in the coming decades. A troubled transition to renewable energyOffshore wind farms are one of the growing areas of renewable energy. And the Edwards & Sanborn project, the US's largest solar energy and energy storage project in California, came online in January. Renewable energy is not only cleaner than fossil fuels but also often less expensive. Breaking down barriersThe US grid isn't designed for fluctuating renewable energy, so much of it goes to waste because clean-energy projects can't connect to the grid.

Persons: Kevin Schneider, Harris, Joe Rand, Joshua Rhodes, barleyman, Edwards, Rand, Philip Odonkor, Seib, headwinds, Julia Bovey, Ørsted, Bovey, Paul Denholm, We'll, Denholm, There's, PATRICK T, FALLON, we're, Schneider, We've, EPB, MISO, it's Organizations: Infrastructure, Service, Pacific Northwest National Laboratory, Nationwide, Biden, Lawrence Berkeley National Laboratory, University of Texas, Renewables, Sanborn, of Systems, Enterprises, Stevens Institute of Technology, Trump, Fork, Eversource Energy, National Renewable Energy Laboratory, Getty, Infrastructure Law Locations: Chattanooga , Tennessee, Chattanooga, EPB, Austin, Maine, North Carolina, California, United States

☆ How struggling student-loan borrowers could qualify for debt cancellation under Biden's second attempt at relief
▼ + stars: | 2024-02-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department released a proposal for including borrowers with hardship in debt relief. AdvertisementPresident Joe Biden's Education Department unveiled another group of student-loan borrowers it's considering for its second try at debt relief. On Thursday, the Education Department released its proposed text that focused on debt cancellation for borrowers facing financial hardship. Advertisement"College is meant to lead to a better life, but too many students end up struggling due to their student debt," Under Secretary of Education James Kvaal said in a statement. The Education Department emphasized in its press release that it "may consider these and other factors to determine whether borrowers are experiencing the type of hardship that would qualify for debt relief."

Persons: —, Joe Biden's, Biden's, Education James Kvaal, Kvaal, Harris, Pell Grant Organizations: Education Department, Service, Joe Biden's Education Department, Higher, Democratic, Education, Biden, Federal

☆ How a boomer just got $50,000 in student debt wiped out after making payments for 25 years
▼ + stars: | 2023-11-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

It's a result of an account adjustment for borrowers who made the required 20 or 25 years of payments. AdvertisementGeorge Tucker thought he would be resuming student-loan payments alongside millions of other borrowers this fall. Tucker, 63, owed just under $50,000 on his student loans when the more than three-year pause on federal payments ended in October, per documents reviewed by Insider. Although PSLF was intended to forgive student debt after ten years of qualifying payments, Tucker said paperwork challenges with the program threw him off track, and he was not anticipating debt relief. George Tucker got $50,000 in student debt wiped out.

Persons: George Tucker, It's, Tucker, —, Little, he's, PSLF, MOHELA, Harris, Joe Biden's, isn't, Miguel Cardona, servicers, Jason Harmon, Harmon couldn't Organizations: Service, Public, Harris Administration, Biden, Joe Biden's Education Department, Department, Education, Education Department, MOHELA

☆ 125,000 student-loan borrowers are getting $9 billion in debt wiped out through a series of Biden's repayment reforms
▼ + stars: | 2023-10-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department announced $9 billion in student-debt relief for 125,000 borrowers. It impacts borrowers in public service, on income-driven plans, and those with total and permanent disabilities. AdvertisementAdvertisementPresident Joe Biden's Education Department just announced its latest batch of student-debt relief for targeted groups of borrowers. On Wednesday, the department announced that it has approved $9 billion in debt cancellation for 125,000 borrowers. That included a one-time account adjustment for borrowers on income-driven repayment plans and PSLF — most recently, the department announced it had approved relief for 804,000 borrowers on income-driven repayment.

Persons: —, Joe Biden's, Biden, Miguel Cardona, Harris, It's, they're, Education James Kvaal, he's Organizations: Education Department, Service, Joe Biden's Education Department, Public, Social Security Administration, Biden, Education

☆ UBS thinks this beaten-down electric vehicle charging stock can bounce back and rally more than 85%
▼ + stars: | 2023-09-27 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

Electric-vehicle charging stations provider ChargePoint could make a massive recovery, according to UBS. He assigned a price target of $9, implying shares could gain 85.6% from Tuesday's closing price. UBS said the worsened sentiment around ChargePoint has created an "attractive risk/reward" profile for investors. The company has 33,000 charging stations, UBS noted. "This charging type leverages dwell times of cars and are therefore deployed in settings where EVs will be parked for several hours."

Persons: Robert Jamieson, ChargePoint, Jamieson, Harris, — CNBC's Michael Bloom Organizations: UBS, EV, Biden Locations: United States

☆ Biden's Education Department is taking the next step to get broad student-loan forgiveness to millions of borrowers
▼ + stars: | 2023-08-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department announced its latest step in the broad student-debt relief process. After the Supreme Court struck down Biden's first plan to cancel student debt broadly for borrowers using the HEROES Act of 2003, his Education Department announced it would be attempting relief using a different law: the Higher Education Act of 1965. "When the Supreme Court ruled against the Biden-Harris Administration's student debt relief plan, we did not waste a moment opening up a new pathway to debt relief," Education Secretary Miguel Cardona said in a statement. Since borrowers will not be entering repayment with broad relief, the department also announced a 12-month "on-ramp" period during which missed payments will not be reported to credit agencies, but interest will still accrue during that time. However, while the department is moving forward with the broad debt relief process, its future is uncertain due to conservative opposition — and potential legal challenges that could once again halt relief for borrowers.

Persons: Joe Biden, Harris, Miguel Cardona Organizations: Education Department, Service, Higher, Biden, Loan, Black Colleges, Universities, Federal Family Education Locations: Wall, Silicon

☆ Inflation Reduction Act spurs $500 billion in investments — and much is going to underserved communities, Treasury says
▼ + stars: | 2023-08-16 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — The Treasury Department on Wednesday announced that billions of dollars slated for investments in clean energy, electric vehicles and batteries under the Inflation Reduction Act will go to relatively underserved communities throughout the country. The announcement comes as the IRA, the Biden administration's landmark law targeting manufacturing, infrastructure and climate change, turns one year old. The more than $500 billion in announced investments, $200 billion of which is in the clean energy sector, is a key goal of the legislation, according to the Treasury. A senior Treasury official told reporters on Wednesday that the agency is also seeing meaningful private investment in the efforts. He also contended it would benefit the Chinese Communist Party, as the U.S. relies on Chinese imports of key inputs for clean energy technology.

Persons: Sean Patrick Maloney, WASHINGTON —, Janet Yellen's, Harris administration's, Joe Biden's, Biden, Jason Smith, Smith Organizations: WASHINGTON, Treasury Department, Wednesday, Biden, Treasury, Chinese Communist Party Locations: Cold, , New York, U.S, China

☆ US gives final nod to huge power line from Wyoming to Nevada
▼ + stars: | 2023-04-11 | by ( Nichola Groom | ) www.reuters.com time to read: +2 min

April 11 (Reuters) - U.S. officials on Tuesday gave final approval for a company owned by billionaire Philip Anschutz to begin building a massive transmission line that will deliver wind energy from blustery Wyoming to power-hungry California. The "notice to proceed" from the U.S. Bureau of Land Management allows TransWest Express LLC to break ground on its $3 billion line after more than 15 years of development. A separate Anschutz firm owns the 600-turbine Chokecherry and Sierra Madre wind farm in Wyoming, which is being built, that will send power through TransWest Express. TransWest Express construction will start later this year and the first stage will be completed in 2027, the company said. The line will run from south central Wyoming, through Colorado, Utah and Nevada to a substation outside of Las Vegas.

☆ U.S. VP Harris takes Biden's jobs message to Marjorie Taylor Greene's district
▼ + stars: | 2023-04-06 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +4 min

WASHINGTON, April 6 (Reuters) - U.S. Vice President Kamala Harris on Thursday takes the Biden administration's jobs agenda to a right-wing Georgia congressional district represented by Representative Marjorie Taylor Greene, an avid supporter of former President Donald Trump. Harris is announcing a further expansion, including an order for 2.5 million new solar panels involving Summit Ridge Energy, according to administration officials. But Dalton is the seat of a county where Trump won 2.4 votes for every one for Biden. "Instead, congressional Republicans want to roll back this progress and put investments in manufacturing, clean energy and good jobs at risk." Georgia is expected to again be one of the most contested states in the 2024 presidential election that may pit Biden against Trump once again.

In the past two months, student loan forgiveness has been the target of two high-profile lawsuits. Meanwhile, the Biden administration responded by extending the student loan payment pause yet again. What's happening to student loan forgiveness? Since the status of student loan forgiveness remains in the air, the Biden administration has extended the student loan payment pause until the Supreme Court makes a ruling. Select ranked SoFi Student Loan Refinancing and Earnest Student Loan Refinancing as some of the best companies for refinancing student loans.

☆ A non-profit that's poured $19 billion into affordable housing development shares how investors can see stable returns with this 'impactful investment opportunity'
▼ + stars: | 2022-11-04 | by ( Jennifer Streaks | ) www.businessinsider.com time to read: +7 min

Despite the challenges in affordable housing development, Enterprise Community Partners has deployed $19 billion of housing equity into more than 2,600 developments, creating and preserving more than 184,000 affordable homes. The Columbia, Maryland-based non-profit continues to strive to show that affordable housing is an impactful investment. "Once the narrative is changed around affordable housing, it will be seen as the impactful investment opportunity that it is." "The Low-Income Housing Tax Credit is our most powerful tool for building and preserving affordable housing," Hoekman says. The Act seeks to expand and strengthen the Low-Income Housing Tax Credit by increasing housing credit allocations and maximizing affordable housing production and preservation.

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