The energy transition is happening. But how it proceeds, at what speed, and with what guard rails remains to be seen. The importance of managing this transition carefully, responsibly, and not sacrificing the reliability and affordability of our power supply can’t be overstated.
Unfortunately, included in the House Reconciliation bill now working its way through Congress is a $150 billion proposal that could turn already emerging reliability and affordability concerns into a full-blown crisis.
This proposal is an incentive program on steroids that aims to reshape the nation’s electricity mix in just nine short years. Sen. Joe Manchin of West Virginia, likely the key vote on whether the plan, as proposed, becomes law, has already expressed deep reservations. He has said, “We are going to leave ourselves in a situation by 2030 that we are not going to have reliability.”