Entergy Texas Awarded Nearly $54M in Federal Funding To Enhance Grid Resilience [Yahoo! Finance]
Entergy Texas Inc 5.375% Series A Preferred Stock, Cumulative, No Par Value (ETI.PR)
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Source: Yahoo! Finance
THE WOODLANDS, TX / ACCESSWIRE / October 23, 2024 / Entergy Texas has been awarded nearly $54 million in federal funding to improve power grid resilience in Port Arthur's Pear Ridge, Kolbs, and Lakeview neighborhoods. This funding will go toward a resiliency project aimed to help lessen the impact of future extreme weather events in this coastal community. Once completed, the project is designed to reduce outage durations, restoration costs, damage to utility infrastructure, and accelerate recovery after major storms. The funding comes from the Department of Energy's Grid Resilience and Innovation Partnerships program, established by the Bipartisan Infrastructure Law. The GRIP program supports projects that make the power grid more flexible and resilient against climate change and the growing threats of extreme weather. This award will match Entergy Texas' investment on the project with $53.75 million dollars in federal funding. "By securing this federal funding, we're helping to
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