Avista selected for $85 million grant for transmission line update

Core Points - The U.S. Department of Energy is awarding $85,664,781 in grant funding to Avista and Idaho Power for the reconstruction of the Lolo-Oxbow 230-kV transmission line [1][2] - The project aims to improve power system resilience, increase interregional capacity by approximately 635 MW, and enable workforce development [1][2] - The GRIP Program, established by the Bipartisan Infrastructure Law, is a $10.5 billion investment to enhance grid flexibility and resilience [3] Company Overview - Avista Utilities provides energy services to 418,000 customers and natural gas to 382,000 customers across a service territory of 30,000 square miles [4] - Idaho Power serves over 640,000 customers in a 24,000-square-mile area, focusing on reliable and affordable clean energy [5] - Both companies are committed to modernizing infrastructure to meet growing energy needs and integrate renewable resources [2][5]