After lawmakers revised the bill last weekend, the United States’ largest utility lobbying group backed federal legislation to overhaul the approval process for major energy projects. According to Sina Finance, the Edison Electric Institute’s endorsement gave a significant boost to the bipartisan bill. Supporters called it a “once-in-decades” opportunity to reform the complex infrastructure approval system to meet the needs of modernizing the power grid, building AI data centers, and reviving clean energy development. The bill is scheduled for a key Senate vote on Monday.
Edison Electric Institute CEO Drew Maloney said in a statement that the group appreciated the revised text and supported the legislation, which he said would help more projects get underway, cut unnecessary red tape, and provide more affordable and reliable energy. He added that the trade group, which represents investor-owned utilities, sent lawmakers a letter on Sunday expressing its support.