The Biden climate law gives public agencies a shot to power the green
revolution.
 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌


 

Dear reader,

Blink and you'll miss what may have been the two most
important words in the sprawling climate, health and tax provisions in
the Inflation Reduction Act: "direct pay." This means that publicly
owned utility companies or co-ops, which are exempt from taxes, can
still qualify for the benefits of greening their energy mix by getting a
"direct pay" grant from the government.

This has the potential to accelerate the green revolution, by allowing
the power companies that generate about one-quarter of American
electricity in on the action. But will it really spur green power
solutions? Managing editor Ryan Cooper took a look at this in our latest
story about implementing the Biden agenda.

Cooper found a need for simplicity in how benefits are administered and
help with transmission upgrades so that it spreads across the greatest
number of homes. One barrier is that the biggest public power agency in
the country, the Tennessee Valley Authority, is planning to replace its
coal-fired electric power with natural gas. Cooper goes into that fight,
and where it might land.

You can read this important story on green public power here.
<[link removed]>

READ MORE >>
<[link removed]>


This story is part of our latest issue on implementing the Biden agenda.
You can read all the stories in this series at
prospect.org/implementation.
<[link removed]>

READ THE IMPLEMENTATION ISSUE >>
<[link removed]>

You can support this work <[link removed]>by becoming a
member today. <[link removed]> All of the reader
support we receive funds our editorial mission: illuminating stories
about ideas, politics and power.

If you're already a member, THANK YOU!

All of this is possible because of readers like you. Without reader
support, we would not be able to continue covering the important stories
that other publications ignore. Become a member today >>
<[link removed]>

I WANT TO SUPPORT THIS IMPORTANT WORK >>
<[link removed]>

Thanks for being a part of this.

Sincerely,
David Dayen, Executive Editor
The American Prospect

 

 

[link removed]

YOUR TAX DEDUCTIBLE DONATION SUPPORTS INDEPENDENT JOURNALISM
<[link removed]>

The American Prospect, Inc.
1225 I Street NW, Suite 600
Washington, DC xxxxxx
United States
Copyright (c) 2022 The American Prospect. All rights reserved.

To opt out of American Prospect membership messaging, click here
<[link removed]>.

To manage your newsletter preferences, click here
<[link removed]>.

To unsubscribe from all American Prospect emails, including newsletters,
click here
<[link removed]>.