US power companies push back on Trump's plan to cut green energy benefits
Power industry leaders want to keep tax breaks from Bidenʼs climate law despite Trumpʼs plans to cancel them. Industry group points to business growth and lower costs for customers as key reasons to keep the program
The US utility sector is pushing-back against plans to remove clean-energy tax credits from last years climate law. Pedro Pizarro‚ who leads Edison International made this clear at the climate meeting in Baku on nov 16
The tax benefits which came from Bidenʼs big climate package (worth many billions) are now at risk: Trumpʼs team wants to remove the $7‚500 help for electric-car buyers. The utility groups dont like this idea and are talking to Republican lawmakers about keeping these benefits
Major car-makers and battery companies including Tesla‚ Rivian‚ and Panasonic have joined the fight to save these credits; they say removing them will hurt states that voted red. The benefits help many areas:
- Energy storage systems
- Power line upgrades
- Nuclear power plants
- Hydrogen projects
- Electric vehicle support
Dan Brouillette‚ who used to run the Edison Electric Institute and was Trumpʼs energy chief‚ left his job in late october. Heʼs now helping plan energy rules with Trumpʼs team - this might affect how things turn out
The Edison group members say these tax credits help everyone: “Most benefits go straight to customer bills“ Pizarro explained at COP29; its not about making shareholders rich. The group plans to keep talking with Congress about why these rules should stay
