Asked whether the new Congress will sharply reverse energy policy, Powell framed energy as a trifecta of reliability, affordability and low emissions. He predicts the next two years will tilt toward affordability.
…goes back to the, is affordability a trap for Congress or is affordability an opportunity? Yeah. And the answer is both, probably. But something needs, if anything, the answer is don't sit around for two years planning for what you'll do in 2029. The answer is do something right now and get moving.
…was the clean energy issues, the Inflation Reduction Act that was the commanding feature of energy policy in the United States. Despite the big wins by Democrats in Congress, Rich, I mean, do you necessarily see any sort of shop reversal in this approach to energy policy in this country? You know,
…control on. And on the reliability front, they were very alarmed by the decline of firm power capacity production around the country. And so they've done things like keep aging fossil assets online that are firm capacity because they're really worried about wide-scale blackouts, as we saw in events that some folks attributed to at least partially to the over-reliance on intermittent resources. My strong bet is that in the next two years and maybe for a while going ahead, we're actually going to see a pivot yet again to the different, the other, the third stool of that, which is that the affordability part of this, which probably was probably was ignored to the detriment of both the Biden and the Trump administrations who were over-indexed on the other stool. And I think we've seen that the public is just…
Just to add to that, I think a number of Democrats that I've heard from who are interested in reinstating the tax credits that were repealed in the Big Beautiful Bill Act. Yeah, it's definitely possible that the Democrats try to put something like that back in place. And I could imagine if they are…
Aaliyah, do you think there are clean energy technologies that both parties could agree deserve continued federal support? I
mean, I think there's a lot. Yeah. Well, I mean, I think you saw that in the Big Beautiful Bill Act, where they did not repeal a bunch of the tax credits for innovative new early stage technologies. So a lot of really good tech can move forward. I think geothermal is having real moment, you know…