One New Mexico U.S. Senator complains the President’s recent cancellation of a nearly $5 billion loan for the Grain Belt Express power-line project from Kansas to Illinois was illegal.
Sen. Martin Heinrich also contends the Energy Department’s move to call off the $4.9 billion loan to Invenergy will only erode the private sector’s already limited trust in the federal government.
He fired off a letter to the Department of Energy last month following the surprise decision but has yet to receive a response. Heinrich, the top Democrat on the Senate Committee on Energy and Natural Resources wants some answers and challenges the DOE’s excuse to end the legally binding ccontract between the federal government and Invenergy.
Last month, Heinrich, the top Democrat on the Senate Committee on Energy and Natural Resources, sent a letter to the DOE challenging its vague excuse for cutting off the legally binding contract between the federal government and Invenergy, the Chicago-based energy project developer planning to build the power-line project from Kansas to Illinois.
“–it doesn’t take a detailed analysis to understand that, in an environment of surging demand, if you artificially constrain supply, you’re going to be raising costs for people. And I want the American people to know that this is not an accident. They are choosing to take actions which are raising people’s electric bills,” he said in an interview with Canary Media.
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