🚨 WE HAVE A PERMITTING DEAL🚨
And it is easily the best permitting bill we've ever gotten!
- The Bipartisan American Affordability and Jobs Act is HUGE (400+ pages) and both sides got a LOT.
- The bill is much bigger and better than either Manchin post-IRA in 2022 or Manchin-Barrasso in 2024.
Once I finish reading the text I'll publish an explainer. For now, here are a few high level takeaways.
1. Transmission: The bill is absolutely HUGE for transmission, going further than Manchin-Barrasso. Includes: interregional transmission, limited federal backstop authority, interconnection queue reforms, directives for advanced grid-enhancing tech, and oversight of utilities. It's absolutely AMAZING all of this got in.
2. NEPA: The bill has BIG changes to NEPA, including fixes for judicial review that underpins the law's costs. Still reading but this is even better than I expected!
3. Certainty: The bill includes strong provisions to push back on misuse of permitting, like we're seeing with the admin's abuses against offshore wind.
4. Historic Preservation: The bill includes changes to the NHPA 106 process, including changes to judicial review that will help right-size the process.
5. Clean Water: The bill fixes problems with section 401 by adding new requirements for states and makes section 404 nationwide permits easier to comply with.
6. Geothermal: The bill includes big wins for geothermal, including parity with oil and gas catexs.
7. Mining: The bill fixes the "Rosemont decision"
8. Endangered Species: The bill creates a new path for states to take on endangered species consultation.
9. Hydro: Fixes for certain hydroelectric projects
10. Ratepayer protection: The bill adds protections for ratepayers from added data centers. Looks to be stronger than the House passed bill by quite a bit.