Pennsylvania Governor Proposes Fast-Tracking Energy Projects with Tax Breaks
Key Ideas
  • Governor Josh Shapiro plans to fast-track energy projects in Pennsylvania and provide tax breaks for electricity, hydrogen, and sustainable fuel production.
  • The proposal aims to attract large projects like data centers to Pennsylvania and keep pace with other states in energy project development.
  • Pennsylvania currently lacks an entity to expedite siting decisions for energy projects, which the governor aims to change with this initiative.
  • The tax credits proposed by Shapiro are designed to incentivize the production of electricity, hydrogen, and sustainable aviation fuel in the state.
Pennsylvania Governor Josh Shapiro has unveiled a plan to accelerate energy projects in the state and introduce tax breaks for initiatives focusing on electricity, hydrogen, and sustainable aviation fuel. The announcement, made just before Shapiro's budget proposal to the Legislature, comes during an energy crisis and aims to position Pennsylvania competitively against states attracting major projects like data centers. Governor Shapiro highlighted that Pennsylvania is among the 12 states lacking a specialized entity for expediting siting decisions for energy ventures and is keen to address this gap. The proposed tax credits are directed towards large-scale projects involved in the production of electricity, hydrogen, and sustainable aviation fuel, demonstrating the state's commitment to promoting clean energy initiatives and economic growth.
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