Alex Ossola

The question is how they make the changes and just how disruptive they are to existing investment.

The question is how they make the changes and just how disruptive they are to existing investment.

Well, so the House bill is kind of a 2028 head fake. It says 2028, but what it really says is if you're not starting to build the project within 60 days of the bill passing, you don't get access to the credits. And if that were not modified in the Senate, You would just see a lot of chaos, right? You would see energy prices go up. Energy demand is really strong.

Well, so the House bill is kind of a 2028 head fake. It says 2028, but what it really says is if you're not starting to build the project within 60 days of the bill passing, you don't get access to the credits. And if that were not modified in the Senate, You would just see a lot of chaos, right? You would see energy prices go up. Energy demand is really strong.

And if we constrain supply, we will see some price spikes. But more than that, it would just be kind of commercial chaos. And if this actually goes forward, it's going to really chill investment for all energy infrastructure. Because who's going to invest tens of billions of dollars in the United States if the expectation is that the law is in kind of this like green light, red light, stop start.

And if we constrain supply, we will see some price spikes. But more than that, it would just be kind of commercial chaos. And if this actually goes forward, it's going to really chill investment for all energy infrastructure. Because who's going to invest tens of billions of dollars in the United States if the expectation is that the law is in kind of this like green light, red light, stop start.

And so I think the industry is economically competitive. We are happy to have clean power compete in the marketplace with the cost of new natural gas. One of the things that people don't appreciate is how quickly you can build renewable projects. These projects can be up and running in 12 months.

And so I think the industry is economically competitive. We are happy to have clean power compete in the marketplace with the cost of new natural gas. One of the things that people don't appreciate is how quickly you can build renewable projects. These projects can be up and running in 12 months.

There's going to be more natural gas added to the system, but it's going to be very difficult to add any of that during the Trump administration. So we're not anxious about the ability to compete as long as the U.S. Congress doesn't intentionally harm U.S. companies.

There's going to be more natural gas added to the system, but it's going to be very difficult to add any of that during the Trump administration. So we're not anxious about the ability to compete as long as the U.S. Congress doesn't intentionally harm U.S. companies.

Yeah, no, look, I think that is a fair assessment. Now, the question just is, who's going to wind up paying for these bills? No one in this industry ever wanted credits forever. The expectation was that you would have credits that they would kind of enable us to really increase the capacity to scale. And

Yeah, no, look, I think that is a fair assessment. Now, the question just is, who's going to wind up paying for these bills? No one in this industry ever wanted credits forever. The expectation was that you would have credits that they would kind of enable us to really increase the capacity to scale. And

That's essential because energy is expected to increase in a way that it hasn't in generation, right? We're anticipating a 50% increase in electricity demand in the next 15 years. We just need a predictable phase-out so that companies don't have to kind of tear up contracts and have half-built projects trying to figure out whether they're still economically viable, right?

That's essential because energy is expected to increase in a way that it hasn't in generation, right? We're anticipating a 50% increase in electricity demand in the next 15 years. We just need a predictable phase-out so that companies don't have to kind of tear up contracts and have half-built projects trying to figure out whether they're still economically viable, right?

People made financial commitments based on the law, and when Congress changes the law, they need to do that in a way that honors those commitments.

People made financial commitments based on the law, and when Congress changes the law, they need to do that in a way that honors those commitments.

It is certainly being received well by, you know, eight or 10 senators who we're talking to who agree that we have to deal with the deficit. The deficit is like an overweight plane. It's inefficient. It's hard to gain altitude. But you don't reduce weight on a plane by taking off the engines, right? The clean energy investment are engines that are driving economic growth.

It is certainly being received well by, you know, eight or 10 senators who we're talking to who agree that we have to deal with the deficit. The deficit is like an overweight plane. It's inefficient. It's hard to gain altitude. But you don't reduce weight on a plane by taking off the engines, right? The clean energy investment are engines that are driving economic growth.

And I think members of the Senate appreciate that we need to land the plane, not crash the plane.

And I think members of the Senate appreciate that we need to land the plane, not crash the plane.