Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, March 27
    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 Up as Traders Rotate Into Defensive Sectors — Utilities Roundup

    March 26, 2026
    Utilities

    United Utilities appoints Cheshire wastewater lead

    March 25, 2026
    Utilities

    Utilities still recovering months after storm as new hurricane season nears

    March 24, 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
    Finance

    Check Off These Four Financial Tasks to Finish 2024 Strong

    July 20, 2024
    Utilities

    Transferring Utilities to Your New Home: Best Tips To Know

    August 20, 2025
    Utilities

    Mack Trucks, Terex Utilities partner on electric bucket truck

    March 1, 2025
    What's Hot

    Bitcoin climbs over $73,000 and touches one-month high on resilience to Middle East conflict

    March 4, 2026

    2026 market crash feared by majority of investors

    January 23, 2026

    Will Bitcoin Price Hold $70K After Fed Reserve Keeps Rates Unchanged for 2nd Consecutive Meeting?

    March 19, 2026
    Most Popular

    What It Is, How It Works, Example

    December 19, 2025

    Le Crypto Bull Run est-il toujours vivant? Une analyse technique du prix bitcoin plongée profonde

    June 3, 2025

    Latest Market News Today Live Updates July 13, 2024: IREDA share price: Experts see big upside after strong Q1 results 2024. Buy or sell?

    July 13, 2024
    Editor's Picks

    INTERVIEW: FLEX Commodities Adds Walvis Bay Physical Supply Joint Venture

    November 27, 2025

    DeSantis wants property tax relief for Florida homeowners. See plan

    April 1, 2025

    Ethereum a désormais le lead sur Bitcoin ! L’analyse de Vincent Ganne

    July 16, 2025
    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.