JOURNAL ARTICLE

Trump Nixes $1.8 Billion Biden-Era Loan to Arizona Utility for Clean Energy.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Natter, Ari 3 of 3

Abstract

The article discusses the cancellation of a $1.8 billion loan guarantee to Arizona Public Service Company, a subsidiary of Pinnacle West Capital Corp., by the Energy Department following a review of loans made during the Biden administration. This conditional loan, intended for renewable energy projects, was never finalized. The cancellation is part of a broader review that affected approximately $30 billion in financing, including other significant projects like a $4.9 billion commitment to Grain Belt Express LLC and a $3 billion loan guarantee to Sunnova Energy International Inc. The Energy Department's Loan Programs Office, which expanded under Biden to support various clean energy initiatives, has faced scrutiny from the Trump administration, which has since rebranded the program to align with its own energy priorities. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/01, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2026
  • Accession Number:191180402
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