Megabill’s ​‘foreign entity’ concerns

This roundup of U.S. energy news headlines is part of our Canary Media Daily newsletter. Sign up to get it in your inbox each morning.

POLITICS

• President Trump directs the Treasury Department to strictly curtail which projects can access wind and solar tax credits before they are phased out in 2028 under the new Republican budget bill. (The Hill)

• A bipartisan group of lawmakers launch a new caucus focused on permitting reform. (E&E News)

• House Democrats will unveil legislation this week that would put $10 billion toward critical material projects. (E&E News)

GRID

• A U.S. Energy Department report warns the risk of blackouts could surge by the end of the decade amid growing power demand and calls for keeping gas and coal power plants online — though the GOP budget bill will stymie clean power development that could help meet that demand. (E&E News, The Hill)

• FERC rejects MISO and SPP’s request to expand their 2024-25 interregional transmission study process, which dissenting Commissioner David Rosner says would’ve helped improve the studies’ accuracy. (Utility Dive)

ELECTRIC VEHICLES

• States that had adopted California’s now-revoked vehicle emissions waivers look to increase rebates and strengthen their own emissions rules to encourage clean vehicle adoption. (Inside Climate News)

MINING

• The Interior Department proposes selling leases for coal mining on 2,600 square miles of federal land in Montana and Wyoming. (Washington Post)