Trump axed a major power line loan amid US energy crunch

The Trump administration has canceled a conditional $5 billion federal loan guarantee for the Grain Belt Express — a massive transmission line project designed to carry power across four Midwest states. POLITICO’s James Bikales breaks down why the administration pulled the plug, the political pressure behind the decision, and how it impacts America’s power grid and push for artificial intelligence moving forward. Plus, Norwegian energy company Equinor says it’s taking a nearly 1 billion dollar hit on its U.S. offshore wind projects. James Bikales is a reporter for POLITICO.  Josh Siegel is the host of POLITICO Energy and a congressional energy reporter for POLITICO.  Nirmal Mulaikal is the co-host and producer of POLITICO Energy.  Alex Keeney is a senior audio producer at POLITICO.  Gloria Gonzalez is the deputy energy editor for POLITICO.  Matt Daily is the energy editor for POLITICO. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Music courtesy of www.epidemicsound.com Intro: https://www.epidemicsound.com/track/fAomeYxofK/ Outro: https://www.epidemicsound.com/track/onBJjiDLVE/