May 31, 2026 to June 06, 2026

This is Queen Street Analytics' weekly digest of regulatory developments, legislative discussions, political announcements, and other government-related news concerning power generation and transmission, wind and solar, utilities, midstream companies, batteries and energy storage, LNG, biofuels, as well as nuclear. Once a week, we break down the most important updates in this space in under five minutes.

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📋 In This Week's Newsletter

• 🏛️ This Week's Congressional Calendar
• 🇺🇸 Federal Government News
• 📜 Legislative Updates
• 📚 What We're Reading This Week

This Week's Congressional Calendar

• House Energy and Commerce Subcommittee: Nuclear Permitting Reform—Legislation to Advance Efficient Licensing: Scheduled for June 9, the House Subcommittee on Energy will hold a hearing on nuclear permitting reform featuring testimony from industry and academic representatives at Rayburn 2123.
• Senate Energy and Natural Resources: Business Meeting on Wilderness, Hydropower, Water, and Mining Bills: On June 10, the committee will consider a range of bills, including those addressing forest health, hydropower relicensing, micro hydrokinetic projects, and water infrastructure, in Dirksen 366.
• House Science, Space, and Technology: Overview of the Department of Energy’s Fiscal Year 2027 Budget Request: A hearing is set for June 10 in Rayburn 2318 to review and discuss the Department of Energy’s proposed FY2027 budget.

Federal Government News

IRS Publishes 2026 Inflation Adjustment Factor for Renewable Electricity Production Credit

The Internal Revenue Service released the inflation adjustment factor for the renewable electricity production credit under IRC section 45. For 2026, the factor is 2.0570, while the reference price for wind energy stands at 3.17 cents per kilowatt hour. The credit remains available for electricity from multiple sources, including wind, biomass, geothermal, solar, municipal solid waste, hydropower, and marine energy. Amendments from the Inflation Reduction Act impact the credit calculations for facilities placed in service after December 31, 2021—including bonus credits for domestic content and energy community compliance. Specific rates apply depending on the facility’s placement date and resource type, ranging from 3.1 cents to 0.3 cents per kilowatt hour.

Sources: www.federalregister.gov

NRC Issues Draft Guidance on Onsite Emergency Alternating Current Power Sources

The Nuclear Regulatory Commission is requesting public comment on draft regulatory guide DG-1477, concerning application and testing of onsite emergency AC power sources in production and utilization facilities. Revision 5 updates guidance for compliance with NRC regulations, referencing new IEC/IEEE standards for diesel and combustion turbine generator units. Comments are due by July 2, 2026. Operators are advised to review the new standards and procedures as the guide is intended to reflect industry experience, operational lessons, and recent reviews.

Sources: www.federalregister.gov

White House Executive Order on AI Innovation and Cybersecurity for Critical Infrastructure

President Trump signed an Executive Order to advance American artificial intelligence innovation and cybersecurity. The Order directs federal agencies to prioritize cyber defense of national security systems and critical infrastructure—including utilities—and creates an AI cybersecurity clearinghouse. New funding opportunities for advanced AI and expanded federal hiring pathways are established. The Order prohibits mandatory licensing or pre-clearance for AI and announces measures to enforce against criminal misuse. Prior actions noted include repeals of previous policies, an AI Action Plan, and a legislative framework for AI.

Sources: www.whitehouse.gov

FERC Combined Notices: Electric Corporate Transactions, Rate Filings, and Compliance Activities

FERC published a series of notices regarding electric corporate applications, rate filings, and compliance amendments. Applications for authorization under Section 203 of the Federal Power Act feature entities such as Colorado Highlands Wind, LLC, ER Nava Storage, LLC, and DESRI Carne Interconnection, LLC. Rate filings involve several utilities and energy companies, with deadlines for comment and intervention extending into mid-June. Compliance filings address tariff amendments, interconnection agreements, and market-based rate tariff cancellations for companies operating in CAISO's Western Energy Imbalance Market.

Sources: www.federalregister.gov

FERC Notices: Solar and Storage Corporate Applications, Reliability Reports, and Electric Securities Filings

FERC issued notices detailing corporate applications under Section 203 for solar and energy storage companies, exempt wholesale generator certifications, and electric rate and tariff filings. Notable filings include amendments from Pathfinder Power and Canyon Peak Power, tariff updates from Pacific Gas and Electric and Alabama Power Company, and reliability comparison reports from the North American Electric Reliability Corporation. Electric securities filings such as Orange and Rockland Utilities’ amendment are open for comment, with most comment deadlines in late June.

Sources: www.federalregister.gov

Legislative Updates

Geothermal Energy Advancement Act (S.5631)

The bill was received in the Senate, read twice, and referred to the Committee on Energy and Natural Resources.

Sources: www.congress.gov

CLEAN Act (H.R.1687)

After House passage, the bill was received in the Senate and referred to the Committee on Energy and Natural Resources.

Sources: www.congress.gov

A joint resolution disapproving EPA rule on National Emission Standards for Hazardous Air Pollutants

Senate rejected the motion to proceed on the joint resolution by a 46-53 vote, preventing disapproval of the EPA rule repealing coal- and oil-fired utility emission standards.

Sources: www.congress.gov

License to Drill Act (S.7831)

The Act was received in the Senate and referred to the Committee on Energy and Natural Resources.

Sources: www.congress.gov

Offshore Parity Act of 2026 (H.R.8542)

Subcommittee hearings were held on the bill, which deals with offshore energy policy and parity issues.

Sources: www.congress.gov

What We're Reading This Week

• Italy's CDP, China's State Grid set to renew governance pact in Italy energy network: Italian and Chinese entities are preparing to extend their management agreement for the national power grid.
• Duke Energy exploring tech partnerships to offset nuclear expansion risks: Duke Energy is reviewing collaborative technology partnerships to support nuclear growth amid industry challenges.
• EU plans energy standards for data centres amid concerns over soaring power use: European Union aims to establish efficiency standards for data centres to mitigate high electricity consumption.
• Governments worldwide shield households from rising energy costs: National governments are introducing measures to protect consumers from escalating electricity and heating prices.
• India's tougher grid rules unsettle investors, test clean energy ambitions: New regulations in India create uncertainty for investors and challenge renewable power project delivery.
• Texas grid flags risks as data centers, crypto sites fail voltage tests: ERCOT identifies potential threats as facilities fail to meet voltage stability requirements in Texas.
• EU proposes energy standards for data centers: Proposed European rules target improved power management and reporting for data centre operations.
• Trump announces $700 million in new support for struggling coal industry: Federal support is being allocated to assist the coal industry during ongoing downturns.
• Jamaica facing nationwide power outage: Jamaica experiences a widespread grid failure disrupting power for customers across the island.

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