Energy Roundup: NAM Criticizes Call to Suspend Fuel Tax
The Energy Information Administration says wholesale electricity prices this summer “will significantly increase” in several regions — including Ohio.
The National Association of Manufacturers has denounced President Biden’s call to suspend the federal fuel tax, saying it would be a step backward after last year’s infrastructure law.
Several large solar developers have announced a new coalition that will buy up to $6 billion in U.S.-made panels, which could more than double domestic solar-manufacturing capacity.
A proposed hydrogen plant in Piketon, Ohio is gaining steam, according to reports, as developers say the facility will generate more than 225 megawatts of electricity and 500 metric tons of hydrogen a day for the manufacture of cement and silica.
U.S. Treasury Secretary Janet Yellen has rejected calls to resurrect the Keystone XL oil pipeline, reports say. (The pipeline, cancelled by President Biden in early 2021, was expected to go online in 2023, delivering up to 1.1 million barrels a day.)
In other developments, a new survey conducted for the National Mining Association shows strong bipartisan concern over power blackouts. Nearly 90% of respondents expressed worry over increased electricity prices. 6/23/2022