On Wednesday evening, Senate Majority Leader Chuck Schumer and Senate Energy & Natural Resources Chairman Joe Manchin announced that they had reached agreement on a clean energy tax package as part of the Inflation Reduction Act of 2022.

In a statement, EEI President Tom Kuhn said: "EEI and America’s investor-owned electric companies commend Majority Leader Schumer and Chairman Manchin for their persistent efforts to reach agreement on the clean energy tax package that is included in the Inflation Reduction Act of 2022. EEI has long supported policies that are focused on driving innovation and the deployment of the carbon-free technologies needed to deliver a resilient clean energy future to customers. We are pleased that the proposed legislation includes a robust clean energy tax package that will provide significant long-term benefits to the customers and communities that we serve.”