One of the state legislature’s big negotiating pieces this year might be over the Pennsylvania Energy Development Authority , a previously somewhat obscure state board positioned to handle billions of dollars in federal incentives for energy infrastructure.
The House Consumer Protection, Technology, and Utilities Committee held a hearing Monday on House Democrats’ bill to overhaul PEDA and expand the financial mechanisms it can use. The bill is crucial to allow PEDA to finance energy projects on the front end — potentially by having the state itself own the infrastructure — so that the green energy tax credits in recent federal laws can be recouped on the back end, those who testified Monday explained.If you purchase a product or register for an account through a link on our site, we may receive compensation.
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