You don't need the Federal Government directly investing, nor should we (that's just inflationary since they'd print more money to do it).
But you do need their involvement -- establish the right-of-ways transmission lines will follow and authorize the use of emminent domain to build them; to work with utility regulators to make sure the mix of power plants being built is a good mix; possibly even do interest guarantees on the loans. Not unlike the building of our railroad network in the 19th century when those private enterprises received extensive assistance -- ranging from the use of emminent domain, allowing private railroad police, government guarantees of the interest (not principal) of railroad bonds. In exchange the railroads were regulated. It may not have always been the ideal, perfect system but it worked well enough.
This is perfect example of where public and private interests intersect in making emminent domain necessary for private projects -- we simply couldn't move forward with our economy if big, long infrastructure like power transmission lines, gas pipelines, railroads and the like had to be routed around every property owner who didn't want to take fair market value. They are no different from 19th century's building of with private money of canals and turnpikes; while privately owned they are of overwhelming public necessity.
This is the type of bold, audacious plan the nation needs, not the words of non-specific hope spun by a politician. Let's make the private investment of a trillion dollars into wind energy and natural gas powered cars happen. Let's make the private investments in improving and expanding our freight and passenger railroads happen. Heck, let's spend some gas tax money and improve our interchanges and widen the interstates to get rid of the bottlenecks out there. These are the things that will employ millions of Americans in good paying jobs, improve our economic efficiency, reduce our trade deficit by hundreds of billions of dollars if not outright eliminate it.
Let's get America investing in building bold things again!
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Today's Featured Article - The David Brown Rose Badge - by Samuel Kennedy. In the 13th century civil war was raging in England. Two English noblemen were involved in a conflict which became known as the War of the Roses. The Duke of York had as his emblem a white rose and the Earl of Lancaster had a red rose. Today the white rose is the official emblem of the county of Yorkshire and the red rose has been adopted by the neighboring county of Lancashire.
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