Curtis in March. Photo: Kayla Bartkowski/Getty Images
Sen. John Curtis says energy lobbyists appear willing to accept some changes to IRA tax credits — a development he said would give Republicans a win and allow the sector to keep developing.
Why it matters: The industry increasingly is bracing for sacrifice as Republicans labor to pass "one big beautiful bill."
- "The fiscal wing of the party is saying we can't have them all," Citizens for Responsible Energy Solutions President Heather Reams told Axios, referring to the tax credits. "So this is not an easy thing to do."
Lawmakers have discussed sunsetting some unspecified IRA tax credits early and imposing foreign entity-of-concern guardrails on manufacturing credits.
Driving the news: "The industry has done a fabulous job of approaching us and saying: 'Look, here's a place where you're not going to kill us if you make a change,'" Curtis told an audience of energy developers, investors and others at a CRES conference on Wednesday.
- "What we don't want to do is kill you," Curtis said.
Context: Curtis was one of four GOP senators to sign a letter in support of the credits last month, after signing a similar House letter last August.
- Sending public letters to party leadership "really is a significant thing" because it usually "puts them in a bad spot," he said.
