WASHINGTON — Today’s Senate passage of the reconciliation bill marks a dangerous turning point for America’s energy future.
This bill will strand thousands of energy projects under development, jeopardize billions of dollars in private investment, and kill hundreds of thousands of good-paying American jobs — from electricians to contractors to local landowners and farmers who rely on these projects for stability.
The bill, which barely passed the Senate, is effectively pulling the rug out from under one of the fastest, most flexible tools we have to meet exploding energy demand. At a time when artificial intelligence and electrification are set to drive an unprecedented 150 gigawatts of new load, this legislation will leave states with an impossible choice: wait nearly a decade to add new capacity to deal with rising demand or raise electricity prices on hardworking families and small businesses.
Make no mistake: the Senate bill will raise energy prices for American families and small businesses, slow the growth of U.S. manufacturing, and hand China the advantage in the global energy race.
Despite today’s outcome, our members are resolved to keep delivering affordable, reliable energy for families, farms, and small businesses across this country. We have faced headwinds before — and we will keep fighting for an energy future that works for everyone.