HILL ENERGY BRIEFING: House Panel Readies $150B Clean Energy Plan

Sept. 10, 2021, 10:04 AM

The House Energy and Commerce panel plans to propose $150 billion for the Department of Energy’s Clean Electricity Performance Program in its portion of Democrats’ $3.5 trillion tax and spending plan.

The program will issue grants to electricity suppliers from 2023 through 2030 based on how much qualified clean electricity each supplier provides to customers. Suppliers would be eligible for a grant if they increase the amount of clean electricity it supplies by 4% from the previous year, according to an outline of the committee’s legislation. The grant will be $150 for each megawatt-hour above 1.5 percent the previous year’s ...

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