The White House this morning released a fact sheet on "
The American Jobs
Plan," also known as President Biden's
infrastructure plan. There's a lot in here (as there
should be for a couple of trillion dollars!), so today I'll
focus on energy infrastructure. Here are the
highlights:
$100B to "build a more resilient electric transmission
system." This includes "the creation of a targeted
investment tax credit that incentivizes the buildout of at least
200 gigawatts of high-voltage capacity power lines."
Creation of a "Grid Deployment Authority" within DOE
to facilitate transmission line siting.
A "ten-year extension and phase down of an expanded