Build More Power Act

The "Build More Power Act" expands and extends a federal loan guarantee program to support electric generating facilities, particularly those critical for energy reliability. It makes power plants that are required by government orders to continue generating electricity during emergencies eligible for these loan guarantees, even if they might otherwise cease operations, and mandates the Secretary of Energy to solicit applications from them. The bill extends the program's authority until 2032 and sets aside at least $20 billion in loan guarantee capacity specifically for projects at facilities operating under such emergency directives. This impacts owners and operators of power plants, especially those under emergency orders, and the Department of Energy, which must also report to Congress on the program's impact and recommendations for upgrading aging coal facilities.