WASHINGTON, DC — Ahead of a planned vote by the Senate on H.R. 1, national business association Advanced Energy United President and CEO Heather O'Neill released the following statement:

“A vote for this bill is a vote to eliminate millions of jobs and thousands of energy projects while jacking up electric costs and endangering reliability. The updated text is worse than the proposal put forward by the Senate Finance Committee almost two weeks ago. If passed, Americans will look back to this weekend as the moment when the Senate approved a massive energy bill hike for all Americans.

By effectively removing tax credits for some of the most affordable and easy-to-build energy resources, Congress is all but guaranteeing that consumers will be burdened with paying more for a less reliable electric grid.

By shifting to a Placed In Service requirement, rather than “Commence Construction” – which has been the standard for years – this bill will abruptly terminate countless advanced energy projects in active development and construction, killing jobs, destroying billions in private investment, and kneecapping American energy dominance.

At the same time, the Senate has done nothing to make it easier for households and businesses to reduce their energy costs. By abruptly ending consumer credits, the Senate will make it harder for everyday Americans to control their energy and transportation costs at a time of rising prices and growing resiliency needs.

Senators don’t have to take this lying down. We are calling on our bipartisan allies to amend this package – restore commence construction language and extend critical consumer credits. If Senators don’t make these critical changes, they should vote no on the bill.”

###

Click here to learn more about Advanced Energy United's work advocating for federal policies that allow advanced energy and electrified transportation businesses to thrive in America.