42 U.S.C. § 16517 — Energy infrastructure reinvestment financing

(a) In general: Despite section 16513 of this title, the Secretary may make guarantees, including refinancing, under this section only for projects that: (1) retool, repower, repurpose, or replace energy infrastructure that has stopped operating; (2) enable operating energy infrastructure to increase capacity or output; or (3) support or enable known or forecastable electric supply at times needed to maintain or enhance grid reliability or other system adequacy. (b) Inclusion: A project under (a) may include remediating environmental damage tied to that energy infrastructure. (c) Application: To apply, an applicant must submit to the Secretary an application, in the time, manner, and with the information the Secretary requires, including: (1) a detailed plan describing the proposed project; and (2) if the applicant is an electric utility, an assurance that it will pass on any financial benefit from the guarantee to its customers or the communities it serves. (d) Term: Despite section 16512(f) of this title, the loan must be fully repaid within 30 years. (e) Definition of energy infrastructure: In this section, "energy infrastructure" means a facility and its associated equipment used to identify, lease, develop, produce, process, transport, transmit, refine, and generate energy and critical minerals. (f) Funding: (1) In general: Beyond amounts otherwise available, Congress appropriated $1,000,000,000 to the Secretary for fiscal year 2025, from the Treasury, available through September 30, 2028, to carry out this section. (2) Administrative costs: Of that amount, the Secretary may use no more than 3 percent for administrative expenses.