Alliant Energy Corporation is expected to receive federal funds from the Trump administration’s for coal plant investments.
Trump will use the Defense Production Act, which grants the president emergency authority to take over domestic industries, to invest 425-million dollars into 13 coal plants across the country. AEC made the cut, which is headquartered in Madison. A White House official says the fund will be used to “invest in upgrades to extend operational lifespans, reinforce grid reliability and keep electricity prices low as demands grow.”
