Friday, June 2 (Washington D.C.) — Sen. Martin Heinrich released two bills related to much-needed transmission deployment: the Grid Resiliency Tax Credit Act, which provides a 30% investment tax credit for transmission, and the Facilitating America’s Siting of Transmission and Electricity Reliability (FASTER) Act, which would address FERC siting authority and incentivize the use of community benefit agreements (CBAs). Americans for a Clean Energy Grid Executive Director Christina Hayes released the following statement in support of both bills:
“Our lives and livelihoods depend on a robust and reliable electricity grid. Unfortunately, serious obstacles stand in the way of the grid we need to power a prosperous future. ACEG strongly supports Senator Heinrich’s FASTER Act, which would accelerate the buildout of much-needed transmission by requiring good faith engagement with affected landowners and communities, dramatically improving the existing permitting process.
“Sen. Heinrich’s proposed transmission tax credit would incentivize the long-overdue investment in transmission infrastructure required to transport clean power across the country, lower household energy costs, and ensure the grid can withstand damage from increasingly frequent extreme weather. We look forward to working closely with lawmakers from both parties to pass these important pieces of legislation, in recognition of the urgent need to expand and upgrade the grid.”
About Americans for a Clean Energy Grid:
Americans for a Clean Energy Grid (ACEG) is a non-profit, broad-based public interest advocacy coalition focused on the need to expand, integrate, and modernize the North American high-capacity grid. ACEG brings together a diverse coalition — including business, labor, consumer, environmental groups, and other transmission supporters — to advocate for policies that recognize the benefits of a robust transmission grid. For more information, please visit cleanenergygrid.org.
Hannah Schuster, Communications Associate
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