The Biden administration finalized a record $15 billion loan guarantee to PG&E Corp. in one of the Biden’s administration’s final acts before President-elect Donald Trump takes power Monday.

The $15 billion package will help support PG&E projects on batteries, transmission upgrades, virtual power plants and hydropower production. It came just days ahead of President Donald Trump’s inauguration on Monday.

The Biden administration has finalized a $15 billion loan guarantee to California utility Pacific Gas & Electric (PG&E), in the biggest outlay to

The Biden administration has finalized a $15B loan guarantee to PG&E (NYSE:PCG), the biggest in the history of the U.S. Department of Energy's Loan Programs Office, Bloomberg reported Friday. The loan will help finance a portfolio of projects for the California utility's efforts to transform its power grid and support climate resilience projects,