The Trump administration has begun the process of signing off on the electricity purchase program for the country’s electric power grid, but not all major players in the industry have seen it as a final decision yet.
While the president has said he will sign off on any purchase of electricity, the Department of Energy has not said which of the country, or the U.S. government, will make the final call on the project.
According to the White House, the department will announce an outcome by December 15, with an estimated price tag of $5.9 billion.
Energy secretary Rick Perry and the Department’s administrator for energy policy, Dan Cathy, are expected to sign off shortly after.
In a statement, Cathy said, “This agreement is the final chapter in a long-term investment in our nation’s electric grid.
It’s a long and difficult road for all parties, including the U!
It is the right thing to do and we are committed to ensuring that this vital energy asset is delivered safely and securely.”
On Thursday, Perry said he is committed to moving forward with the deal.
“I am hopeful that this will be a final product, that it will move forward in the next few days and hopefully by the end of the year,” he said on Fox Business Network.
“We’ve been trying to get it done for months and months.
But at some point you have to say, ‘OK, we’ve done our best.'”
The department said the agreement was a long time coming, and has been delayed several times, and was never expected to be completed before the end.
“We’re hopeful this is a final step,” Cathy said.
“But there are many issues involved, many details still to be worked out.”
The Trump administration is not the only one looking to sell electricity.
A White House official told The Hill the administration is interested in selling more than 100 megawatts of wind power, solar power, and other renewable energy to the grid.
That number is smaller than the 20 megawatts sold during the Obama administration, but still significant.
Cathy said that a deal could be done in the near future.
“We think the price is right,” he told reporters Thursday.
The Obama administration sold about 5.8 gigawatts of solar and wind energy.
During the administration of President George W. Bush, the federal government sold about 1.5 gigawatts.
This was part of the price tag for the nuclear deal with Iran, but the deal never went into effect.
For more, see The Hill’s full coverage on the energy sector, Trump, wind power deal, deal to sell more than 1 gigawatts, solar, wind source TheHill