Utility Dive•4 days ago
Why the SPEED Act may slow down after passing the House
Key Takeaway
Despite urgent calls for reform, the political landscape suggests that critical energy infrastructure permitting improvements are likely to be delayed, impacting new project development and grid modernization efforts.
AI Summary
- •The SPEED Act, designed to reform energy infrastructure permitting, faces significant political headwinds in January due to an expiring government funding deal and impending midterms.
- •Despite the political complications, there is an acknowledged and growing urgency among industry observers for comprehensive energy infrastructure permitting reform.
- •The potential slowdown or delay of the SPEED Act's advancement could prolong existing permitting bottlenecks, impacting project timelines and increasing development costs for developers and large power consumers.
Topics
interconnectpolicytransmission
Article Content
In January, lawmakers face the expiration of a temporary government funding deal and impending midterms, complicating the bill's advancement. But observers say there is more urgency now than ever before to reform energy infrastructure permitting.