Clean energy tax credits President Joe Biden proposed in his massive domestic spending and climate measure last year would help electric utilities build resilience and transmission lines, utility CEOs told Biden during a White House event Wednesday.
But the $1.9 trillion budget measure, which Biden and allies call Build Back Better, is in limbo because it failed to pass the evenly divided Senate after West Virginia Democrat Joe Manchin III publicly opposed it in December. Biden has said the proposal can be broken up to pass certain parts, including roughly $500 billion in tax credits to help utilities transition to clean energy, in “big chunks.”
The utility CEOs told Biden those tax credits would be crucial to switching from fossil fuels to renewable sources such as solar and wind.
Biden opened the meeting with a reference to the devastating…
Electricity CEOs tout Biden clean energy tax credits, despite stalled plan
