White House says $150m secured for Alaska power line after earlier funding plan

The White House said on 13 October that the Trump administration had “secured” $150m in Defense Production Act funding for a new Alaska power line. It forecast lower energy costs for 75% of Alaskans. Eight days earlier, the US Department of Energy had announced an intention to deploy up to $150m for the project.

The department identified the Alaska Energy Authority’s Beluga–Healy Transmission Project, which it said would involve approximately 223 miles of new line. It described $268m in non-federal funding alongside the proposed federal contribution, and called the approximately $418m project cost a preliminary planning estimate.

Once the line is complete, the US Department of Energy expects it to lower electricity costs and strengthen grid reliability for approximately 75% of Alaska’s population. That figure is the projected share of people who would benefit, not the size of any reduction in their bills.

Neither announcement establishes an executed award or savings already realised.