Inflation Reduction Act of 2022 Internal Revenue Service

One of the most widespread of these policies, introduced by almost half of U.S. states, are clean electricity standards (CES). They require utilities to include certain amounts of renewable or clean electricity in their resource mix. It’s no secret that one of the biggest and most widespread drivers pushing up costs across the country is aging distribution and transmission infrastructure. Department of Energy, most of the U.S. electric grid was built in the 1960s and 1970s and is now approaching the end of its expected 50- to 80-year lifespan. At the distribution level, utilities report that almost 28% of their …

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