House foregoes new tax credits for storage, offshore wind as it approves $1.4T spending bill; Georgia approves almost $1.8B in rate hikes to cover coal ash clean up; TVA gets nation's first approval to potentially build and operate small modular nuclear reactors; Colorado sets initial timelines for performance-based regulation review as it looks to other states
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The settlements resolve two crucial components of PG&E's bankruptcy — its liabilities to committees representing wildfire victims and insurance companies.
The chamber also declined to extend tax credits for solar and electric vehicles, but approved a one-year extension for onshore wind, along with credits for geothermal, biodiesel and Native American-owned coal plants.
The utility now has until 2039, with the possibility of an extension, to decide whether to go ahead and pursue construction of up to 800 MW of such reactors, which will require a separate application.
The state's Public Utilities Commission launched the proceeding earlier this month, with comments on what lessons can be learned from similar reviews in other states, along with other input, due Jan. 10.
Despite massive emissions reduction and finance potential, analysis from a trio of efficiency advocates shows the United States' focus on energy savings may have plateaued.
Just because we can't achieve a perfectly zero-carbon grid with renewables and short-duration storage doesn't mean we shouldn't aim to achieve a nearly zero-carbon grid.
The agency currently has a request for proposals out for an order of 45 standard electric buses that will be used in each borough starting April 2021 through the end of 2021.
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