LPPC Members Fly In to Advocate for Public Power Communities
LPPC members and CEOs flew in from across the country this week to meet with policymakers and urge them to support policies that will benefit public power communities.
At the top of the agenda was access to direct pay tax incentives to invest in and build clean energy infrastructure. LPPC members shared with lawmakers and their staff how current policy is preventing them from unleashing their full potential.
If the goal is to move toward a cleaner energy grid by providing tax incentives for developing clean energy generation, storage, transmission, and electric vehicle recharging infrastructure, public power must be able to participate fully.
Without access, public power has to enter into power purchase agreements with third-party developers who are able to directly access the tax credits. This model not only prevents public power from owning and operationalizing their own generation assets, but much of the value of the tax credit flows to the project developer and their investors rather than to the not-for-profit utility and the communities they serve.
But if Washington supports the public power industry by providing it with full access to direct pay tax incentives, we’ll be able to move the needle on our collective effort to decarbonize the nation’s economy.