Green Guardrails -- The Empire Center

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Trump’s Executive Order Throws Caution to the Wind (and Solar)

  Enacted in August 2022, the Inflation Reduction Act (the “IRA”) expanded energy tax credits by increasing credit amounts, broadening eligibility beyond wind and solar, and allowing credits to be developed and sold, as outlined  here . The winds have now shifted . Two years later, the One Big Beautiful Bill Act (the “OBBBA”) slows that momentum by  delivering a final blow to wind and solar , terminating the tech-neutral investment tax credit (“ITC”) and production tax credit (“PTC”) for projects that are not placed in service before 2028, with a safe harbor for projects that begin construction within 12 months of enactment. The OBBBA also  introduces sweeping “foreign entity of concern” limitations that could disqualify many projects from the credits entirely. The wind-down  doesn’t stop there . On July 7, Trump issued an  executive order  giving Treasury 45 days to issue new guidance on what it means to begin construction, dispelling any doubt about ...
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The Green-Energy Bill Is Finally Coming Due

  Rahm Emanuel conflates “taxpayers” with “ratepayers” as he laments the federal government’s reductions of energy tax credits in the One Big Beautiful Bill Act (“ Big Electric Bill? Thank Trump ,”   op-ed, Sept. 18). There’s plenty to debate about these incentives, but no one in or around government should pretend they’re free. The U.S. Treasury last year estimated  the two biggest energy-related credits, used primarily to subsidize wind and solar projects, would cost taxpayers $425 billion over the next decade. Congress slashed future taxpayer costs by phasing out these credits. The ratepayer cost and profile of future electricity generation will now change.  Instead of putting more charges on the national credit card , more of the cost of electricity generation will show up on monthly bills. This will prompt discussion about the state and federal policies that, years before the big, beautiful bill, caused electricity rates to begin climbing. Here’s hoping it ...
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an example of the big green comment people are filling on NYPA draft plan

  It's so frustrating and NYPA's unwillingness to fully identify the projects is suspect, as well.  I spent significant time this morning trying to find information about a company called Forward Power which is supposedly sponsoring project E4, a 180 MW project in Charleston, but they have no web presence.  A little more digging and I found that they are a joint venture between Invenergy and another company associated with Clean Path.   This led me to the following links, which seems to point to NYPA attempting to revive Clean Path as a "Primary Transmission Project."  Forward Power was a rumored bidder on the project according to the 1st article.  On Thursday, the PSC denied the petition, but it seems a clear indication of NYPA's downstate advocacy in this regard.  Apologies if I am covering info that you already are aware of. https://subscriber.politicopro.com/article/2024/12/nypa-pitches-transmission-line-revival-00195956   (Sorry, it's be...
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