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Trump hands a booming utility in Iowa and Wisconsin $5.1 billion in loans less than a week before the election

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US Department of Energy closes $5.1 billion loan to Alliant Energy for gas power and grid expansion

The Department of Energy finalized a $5.1 billion loan package to Alliant Energy on October 26, 2026, to expand power generation and strengthen the electrical grid at plants in Iowa and Wisconsin. The loan was closed less than a week before the election through the Office of Energy Dominance Financing.

Oct 28, 2026·4 sourcesU.S. energy policyFederal agenciesEnergyTrump administration
US Department of Energy closes $5.1 billion loan to Alliant Energy for gas power and grid expansion
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Alliant Energy Secures DOE-Backed Long-Term Loan Facilities

Reuters

US closes $5.1 billion loan to Alliant Energy for new gas power generation, energy storage | Reuters