Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, June 21
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»President Biden announces $47M in federal funds for Gainesville Regional Utilities
    Utilities

    President Biden announces $47M in federal funds for Gainesville Regional Utilities

    October 13, 20242 Mins Read


    President Joseph Biden is traveling to St. Petersburg Sunday to visit areas that suffered damage during Hurricane Milton and Hurricane Helene.

    During the visit, he will formally announce $94 million in funding to Florida utilities for Department of Energy projects to help improve the electric grid for future storms.

    Gainesville Regional Utilities will receive half of that funding, with $47 million to assist with storm hardening and tools to more quickly reconnect power during outages.

    The utility and its customers were most impacted during Hurricane Helene in late September. Tropical storm-force wind gusts helped to disable power for over 67,000 of its 100,000 customers. It took a week for the utility to restore power to each of them.

    Hurricane Milton did not have as severe an impact in Gainesville, with only a few hundred GRU customers losing power, but statewide there were over 3 million outages after it made landfall Wednesday night.

    The federal funding is part of $612 million in Department of Energy disbursements to regions impacted by the storms through its Grid Resilience and Innovation Partnerships (GRIP) program.

    Florida Power and Light is also receiving $47 million to partner with a New York-based company called Switched Source. The utility will use its new funding to “improve reliability on circuits serving communities that are most susceptible to prolonged outages,” according to the White House’s announcement.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBrookfield Renewable announces new agreement By Investing.com
    Next Article Nobody Cares What Satoshi Wanted for Bitcoin

    Related Posts

    Utilities

    Utilities Stocks Plunge, Yet the Outlook Remains Positive with the Data Center Boom

    June 17, 2026
    Utilities

    Utilities Aren’t Afraid of AI, They’re Afraid of Bad AI

    June 16, 2026
    Utilities

    How Wall Street is shifting electric utilities toward consolidation and profit

    June 16, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Commodities

    Colorado’s soil health program takes a hit as the federal government pulls millions in funding from the Climate Smart Commodities grant 

    August 1, 2025
    Stock Market

    Tech Stocks Take a Hit, S&P 500 and Nasdaq Plunge Amid Valuation Concerns

    November 4, 2025
    Bitcoin

    Bitcoin price drops to $65,000 as crypto is hammered with stock market

    October 23, 2024
    What's Hot

    Low Carbon et Danske Commodities signent un accord d’équilibrage au Royaume-Uni

    April 22, 2025

    How finance chiefs can gain the upper hand in a private equity deal

    August 16, 2024

    Bitcoin continuera-t-il à battre de nouveaux records ou le rallye a-t-il interrompu? La société d’analyse évalue la dernière situation en BTC!

    May 24, 2025
    Most Popular

    5 Keys To A Renewable Future

    August 4, 2021

    ALP Utilities shares details of new operations center – Alexandria Echo Press

    July 17, 2024

    32 917 434 000 $ Bitcoin ajoutés par les détenteurs à long terme: 200 000 $ BTC en 2025?

    May 27, 2025
    Editor's Picks

    Asian markets fall as crude oil prices jump after US-Iran ceasefire talks fail; Nikkei, Kospi drop 1%

    April 12, 2026

    Arkham Uncovers 127,426 BTC Hack on Chinese Bitcoin Mining Pool LuBian

    August 2, 2025

    Stock Market Live May 6, 2026: S&P 500 (SPY) Up on End-of-War Hopes Again

    May 6, 2026
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.