Bill would create ‘energy infrastructure bank’
A bill pending in the Alabama Senate would create a revolving “energy infrastructure bank” to award loans to utility providers to meet the increasing demand for power, including at new industrial sites.
Senate Bill 304, sponsored by Sen. Arthur Orr, R-Decatur, could get a vote in that chamber this week.
Senate Bill 304 authorizes the State Industrial Development Authority to issue up to $1 billion in bonds to provide loans and other financial assistance for eligible energy infrastructure projects that support economic growth.
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