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July 23, 2024

Inflation Reduction Act (IRA)

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Glick’s FERC Tenure in Peril as Manchin Balks at Renomination Hearing
Sen. Joe Manchin said he won’t call a hearing on President Biden’s nomination of Richard Glick to remain as FERC chair, dimming his chance of returning.
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NY Considers Role for New Nuclear Generation
N.Y. could reduce its decarbonization costs by $1.1 billion if forecasts of lower cost advanced nuclear reactors are realized, the Climate Action Council heard.
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Clean Energy Industry Braces for Oversight Hearings as GOP Nears Control of the House
Republican control of the House won't undo the Inflation Reduction Act, but the GOP will likely grill Biden officials over any missteps in oversight hearings.
Duke Energy
Duke CEO: IRA Tax Credits Will Offset 15% Corporate Income Tax
Duke Energy sees the U.S. clean energy transition as providing growth and profit drivers for its regulated utility business.
The White House
States to Receive $9B from IRA to Boost Home Efficiency Upgrades
The Biden administration announced nearly $9 billion in funding to provide rebates to families for upgrading their homes with energy-efficient improvements.
Shutterstock
Clean Energy Projects Dip To Slowest Rate in 3 Years
The clean energy industry experienced its slowest quarter in three years this summer, according to an American Clean Power Association report.
Shutterstock
PSEG Faces Final Decision on NJ Ørsted Project
Public Service Enterprise Group is mulling whether to remain a 25% partner with Ørsted in the Danish developer’s Ocean Wind 1 project in New Jersey.
Electric cat, CC BY-SA 3.0, via Wikimedia Commons
Suitors Line up for AEP’s Unregulated Renewable Assets
Wall Street has reacted to earnings releases from AEP, NextEra Energy and Xcel Energy by increasing their share prices in the following days.
DTE Energy
DTE Energy Pledges Fast-tracked Energy Transition
DTE Energy executives promised a more aggressive clean energy transition during a third quarter earnings call.
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RFF Summit Seeks Effective, Efficient, Equitable Paths to Net Zero
The summit dug into the economics and politics surrounding net-zero initiatives, the progress being made and the inertia that continues to slow the transition.

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