CLEAN ENERGY: Economists predict U.S. consumers will save as much as $200 billion on their electric bills over the next decade as the Inflation Reduction Act incentivizes cleaner, cheaper power. (Inside Climate News)

CLIMATE:
• Several experts’ models suggest the Inflation Reduction Act will cut emissions 40% by 2030, but the uncertainty of future energy use and economic factors make those predictions far from exact. (Washington Post)
• Leaders of island nations say the U.S. climate package restores the country’s credibility as a leader on international climate negotiations. (Reuters)
The National Oceanic and Atmospheric Administration mulls whether to set an earlier start date for hurricane season as major storms regularly threaten the U.S. before the official start. (ABC News)

GRID:
• The U.S. Justice Department and Federal Trade Commission tell federal energy regulators to scrap plans to give utilities first dibs on building some major transmission projects, saying it will prevent competition and hurt consumers. (Utility Dive)
More than 2,500 members of a Tesla virtual power plant in California sent battery power back to the grid this week during the program’s first emergency response event. (Electrek)

OIL & GAS:
• The federal climate spending package buoys oil and gas interests by mandating leasing in the Gulf of Mexico. (Associated Press)
• Democratic House leaders say they’re considering subpoenaing a consulting firm if it doesn’t disclose its work with fossil fuel companies. (The Hill)

PIPELINES: Activists who’ve been fighting the Mountain Valley Pipeline for eight years say they won’t back down just because U.S. Senate Democrats reportedly agreed to greenlight its completion to secure passage of their climate spending package. (Energy News Network, E&E News)

ELECTRIC VEHICLES:
• Analysts blame battery material costs above other supply chain issues for keeping electric vehicle prices far higher than gas-powered cars. (The Hill)
• Superintendents, lawmakers and advocates push for changes to a federal electric school bus program after some districts, including Chicago Public Schools, couldn’t qualify for funding. (Energy News Network)

OFFSHORE WIND: Federal officials want the public’s opinion on selling wind development rights along Maine’s coast as well as plans for a pilot deploying floating wind turbines, which would be the first in the U.S. (Bloomberg)

NUCLEAR: The startup planning to build an advanced nuclear reactor in a Wyoming coal town raises $750 million to fund its effort, but still must find a fuel source now that Russian imports are not an option. (Canary Media) 

LITHIUM: The developer of a controversial proposed lithium mine in Nevada says mining-related provisions in the Inflation Reduction Act will boost the industry. (E&E News)

COMMENTARY: President Biden’s signing of the Inflation Reduction Act ends the era of “passive, hands-off government” when it comes to climate and industrial policy, climate journalist Robinson Meyer writes. (The Atlantic)

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Kathryn Krawczyk

Kathryn brings her extensive editorial background to the Energy News Network team, where she oversees the early-morning production of ENN’s five email digest newsletters as well as distribution of ENN’s original journalism with other media outlets. From documenting chronic illness’ effect on college students to following the inner workings of Congress, Kathryn has built a broad experience in her more than five years working at major publications including The Week Magazine. Kathryn holds a Bachelor of Science in magazine journalism and information management and technology from Syracuse University.