Daily on Energy ⚡— Biden-McCarthy deal’s MVP carveout comes just when the pipeline needed it
MVP PIPELINE LATEST: The debt ceiling deal’s provision of expedited approval for the Mountain Valley Pipeline came at a great time for the project, which recently won critical authorizations from the federal government but now faces another new setback tied to a Friday court ruling.
The remand orders mean FERC will have to either perform and SEIS or give a full explanation for declining to do so. Sen. Tim Kaine was one of nine Democratic no-votes when the Senate took up Sen. Joe Manchin’s permitting bill at the end of the last Congress, the first of a series of legislative proposals from the West Virginia delegation seeking unilateral approval of the pipeline.
“It was the leadership and unwavering commitment of Chairman Manchin who first recognized the importance of MVP to our nation’s energy security and spearheaded the development of broad, bipartisan support for the completion of MVP,” the spokesperson said in a statement provided to us. Manchin, who has yet to announce his reelection campaign, is facing criticism from Republicans and some tough ads targeting his support for the Inflation Reduction Act. Critics slam the law as a big green giveaway to President Joe Biden, although Manchin has firmly defended the law as an all-of-the-above energy bill.
The new reactor reached an output of approximately 1,100 megawatts, the maximum energy it’s authorized to generate. With just moments before the 88th legislative session came to a close, lawmakers approved SB 2627, a bill that allocates up to $10 billion in no- or low-interest loans for the construction of new gas-fired power plants and provides bonuses to companies who bring the plants online within a certain time frame, and HB 1500, which would add additional transmission costs for new renewable energy projects connecting to the state’s power grid.
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