Crunch time in tax battle: The formal House-Senate conference committee holds its first meeting Wednesday and the energy stakes are high. As my Axios colleague Mike Allen writes:
"This isn't where the actual decisions will be made — look for mostly just statements. But if there are major issues Republicans haven't solved by this point, this is where they could spill out into the open."
A few key battles to watch...
Renewables: The wind industry fears House provisions that cut the value of tax credits for wind energy projects. The broader renewables industry, meanwhile, is battling a Senate provision that seeks to prevent companies from avoiding taxes via payments to cross-border affiliates.
- Renewables supporters say the provision would badly hinder financing for new wind and solar projects by effectively preventing multinational companies from monetizing the value of tax credits.
Arctic drilling: Provisions to open the Arctic National Wildlife Refuge to drilling appear to have enough support to become law.
- Be smart: A weekend piece by veteran NYT's Carl Hulse unpacks why the ANWR push that fell short a decade ago is poised to succeed now.
- Key reason: "[T]he ranks of Republicans willing to side with the conservation groups have been depleted in the years since drilling was last seriously considered. Most of those crucial to the 2005 victory have departed."
Electric cars: EV backers hope to beat back a House provision that would end consumer tax credits for electric vehicles purchases.
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A few more of the many things on the busy congressional calendar...
Vehicle standards: On Tuesday a pair of House Energy and Commerce subcommittees will explore federal vehicle mileage and greenhouse gas standards, a hearing that arrives as EPA is weighing whether to weaken Obama-era rules for model years 2022–2025.
Nominees: Also Tuesday, the Senate Energy and Natural Resources Committee will vote on Linda Capuano to head the Energy Information Administration and Timothy Petty to be assistant secretary of the Interior for water and science.
NAFTA: On Wednesday a House Energy and Commerce subcommittee will look at North American energy trade. Look for lots of discussion of how gutting the North American Free Trade Agreement could harm cross-border energy networks and deliveries.