Democrats Grapple With CEPP Details, Spending Levels In Budget Plan

Democrats and progressive groups are publicly grappling with crucial requirements for a proposed clean electricity program as lawmakers begin crafting detailed legislative text of their budget “reconciliation” bill, with such discussions potentially hinging on debate over the cost of the broader package. Details of the proposed clean electricity payment program (CEPP) -- a set of incentives and penalties designed to “mimic” a clean electricity standard (CES) while complying with Senate budget legislation rules -- remain under wraps. Analysis circulated last...