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December 24, 2024

Federal Policy

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NY Well Positioned to Push Forward on Climate Goals Under Trump
Renewable energy industry analysts, representatives and environmental advocates say New York is in a better position than many others to make progress on its renewable energy goals during a second Trump administration.
ICF
Study Calculates Trillions in Economic Benefits from IRA
A new report on the Inflation Reduction Act finds that the IRA could boost the U.S. GDP by $1.9 trillion over the next decade. 
Lawrence Berkeley National Laboratory
Berkeley Lab: Data Centers Could Need 12% of US Power by 2028
Data centers voracious appetite for electricity could spike more than threefold over the next four years, rising from 4.4% of U.S. power demand in 2023 to as high as 12% in 2028, according to the Lawrence Berkeley National Laboratory. 
BlueOval SK
LPO Finalizes Major Loans to Ford, Stellantis for EV Battery Plants
DOE’s Loan Programs Office announced billions of dollars in loans for two joint ventures of car and electronics manufacturers aimed at building out a domestic battery supply chain and accelerate the rollout of new electric vehicles.
The White House
Biden Sets New US Emissions-reduction Target of 61-66% by 2035
As he prepares to leave office, President Joe Biden has submitted a new U.S. emissions-reduction target to the U.N., committing the country to cutting its greenhouse gas emissions economywide by 61 to 66% below 2005 levels by 2035.
© RTO Insider LLC 
EPA Approves Waiver for California’s Advanced Clean Cars II Rules
Just weeks before President-elect Donald Trump returns to the White House, the Biden administration has given California permission to enforce rules that require all new cars sold in the state to be zero-emission by 2035.
Cheniere
DOE Warns About Further Increase of US LNG Exports
A DOE study found that increasing exports of LNG would create economic risks and cause environmental damage.
PG&E
DOE Offers $15B Loan to PG&E to Support Reliability Goals
The U.S. Department of Energy’s Loan Programs Office announced a $15 billion conditional loan commitment to Pacific Gas & Electric to improve the California-based utility’s energy infrastructure and support clean energy initiatives.
DOE
DOE Cuts NIETC List from 10 to 3 High-priority Transmission Corridors
The Department of Energy slashed the list of 10 potential National Interest Electric Transmission Corridors it released in May to just three narrower corridors in the third phase of its designation process.
© RTO Insider LLC 
Overheard at Raab Electricity Restructuring Roundtable: Dec. 13, 2024
While 2024 brought notable success on state-level climate policy in Massachusetts, 2025 brings significant uncertainty regarding whether the change in federal administration will slow the momentum of the clean energy transition in the region.

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