Utilities, Some Republicans Boost Defense Of IRA Clean Energy Credits

Electric utility representatives and some Capitol Hill Republicans are defending tax credits supporting low-carbon energy, as GOP lawmakers grapple with how to address such concerns in their upcoming budget “reconciliation” legislation that could scale back or scuttle numerous Inflation Reduction Act (IRA) clean energy incentives. The dynamic is causing some observers to suggest that the final legislation might only trim, rather than revoke, credits that benefit wind, solar and other low-carbon power technologies. The defense of the clean electricity-related credits...