PSEG is hoping the Democrats’ proposed climate bill will provide long-term support for the utility’s three nuclear plants, now subsidized by N.J. ratepayers.

The passage of the Inflation Reduction Act, formerly known as the Build Back Better Act, is once again hanging on the vote of a conservative Democrat.

Xcel Energy praised both the MISO long-range transmission plan and the late-breaking agreement over the $670 billion Inflation Reduction Act.

The Inflation Reduction Act carries the same number as the Build Back Better Act, but its $670 billion falls far short of the original $2.2 trillion.

Senate Majority Leader Chuck Schumer and Sen. Joe Manchin announced a deal on a climate package that Democrats will seek to enact on a party-line vote.