INSIGHTSSERIES
Power & Utilities | Smart Grid
July 8, 2024
Bipartisan Infrastructure Law and Inflation Reduction Act – Opportunities for Utilities
Securing federal funding is an important strategy for utilities to enhance system resilience and reduce emissions, while lowering customer costs and risks associated with new projects.
The enactment of the Infrastructure Investment and Jobs Act (IIJA) in 2021, also known as the Bipartisan Infrastructure Law, and the Inflation Reduction Act (IRA) in 2022, has unleashed billions in federal funding for the
energy sector. These include…Read the full report
Key Takeaways
- The Infrastructure Investment and Jobs Act of 2021 and Inflation Reduction Act of 2022 offer unprecedented federal funding for utilities to update infrastructure, strengthen reliability and climate resilience, develop clean energy projects, and reduce emissions, all while minimizing rate impacts for customers.
- Several commissions have opened dockets to examine utility plans for maximizing opportunities provided by the IIJA and IRA and receive periodical updates.
- Several proceedings are focused on measures to encourage demand response and transportation electrification pursuant to the IIJA.
