Daily on Energy ⚡ • Sen_JoeManchin resuscitates permitting bill • EVs credit rules kick in • Michigan’s clean energy standard
Manchin said this morning he intends to reintroduce the bill and to hold hearings in Energy and Natural Resources since Senate leadership isn’t interested in giving Republicans’ Lower Energy Cost Act a shot.Where Democrats are: Manchin besides, Democratic interest in reforms is simmering now that the vote on H.R. 1 is out of the way.
Markey also endorsed a proposal from Sen. Sheldon Whitehouse that would direct FERC to allocate the costs of transmission projects, something Democrats in the House Sustainable Energy and Environment Coalition have endorsed. NEW VEHICLE TAX CREDIT RULES TAKE EFFECT: The new rules tightening eligibility for the full $7,500 clean vehicle tax credit take effect today, nearly four months behind schedule.
The restrictions were put on to keep the U.S. from subsidizing an industry and strengthening the position of countries under U.S. sanctions or that are otherwise geopolitical foes. The plan includes phasing out coal by 2030–five years earlier than originally planned–and requiring utilities to produce 100% of their electricity using carbon-free sources by 2035, according to early text of the bills shared with us.
While Michigan and MISO operators are certainly not the only ones facing a challenge in decarbonization, taking dispatchable resources like coal out of the equation too quickly could be a gamble.
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