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On Wednesday, the Republican presidential candidates came up with colorful nicknames for the Inflation Reduction Act.

Our condolences to “woke.” It appears that Republicans have a new favorite boogeyman buzzword this election season: “green.” The word was on every Republican presidential hopeful’s lips on Wednesday, both at CNN’s debate in Iowa between Florida Governor Ron DeSantis and former UN Ambassador Nikki Haley, and at former President Donald Trump’s competing town hall on Fox News.
To start, DeSantis reiterated his promise to reverse President Biden’s clean energy policy – without, of course, actually calling it by its real name. After explaining that energy independence is “good to reduce inflation,” DeSantis continued, “So we’ll do that on day one and we’re going to reverse Biden’s Green New Deal and the electric vehicle mandates.” DeSantis is of course facetiously referring to the Inflation Reduction Act here — Biden has not supported the actual Green New Deal as proposed in a resolution by Representative Alexandria Ocasio-Cortez and Senator Edward Markey in 2019.
It’s also not the first time DeSantis has made this particular reference. The Florida governor, who once said that “humans contribute to what goes on around us” while running for governor in Florida in 2018, promised that he’d be “taking all the Biden regulations, the Green New Deal, ripping it up and throwing it in the trash can where it belongs,” at November’s primary debate. DeSantis’s environmental flip-flopping has not gone unnoticed by his opponents – least of all Haley, who called out DeSantis’s pledge to ban fracking during Wednesday’s debate, as she did in September and November as well.
Haley took her own stab at Biden’s energy policy shortly after DeSantis at Wednesday’s debate. Biden’s “green subsidies” caught a stray during Haley’s answer to a question about funding Ukraine and Israel during their respective ongoing wars. “Supporting Ukraine is 3.5% of our budget,” Haley said. “If we support Ukraine and Israel, that's only 5% of our defense budget [...] If we support Ukraine, Israel, and secure the border, that's less than 20% of Biden's green subsidies. You do not have to choose when it comes to national security."
For his part, Trump trotted out a predictably insane “green” reference during his live town hall on Fox News. While answering a question about contributing to the national debt during his term, Trump said, “You had to inject money. … If I didn’t do that, you would have had a depression in this country.” He continued, “That was a very good investment. And now what they should be doing instead of the kind of debt that they’re building at record levels, they should be paying down their debt and they ought to go into the energy business instead of this green new scam business that they’re in.”
It’s perhaps redundant to note that at no point during the fifth Republican presidential debate or Trump’s town hall was the Inflation Reduction Act mentioned by name. We’ll have to tune into the next debate (January 18 in New Hampshire) to find out if the green verbal tic holds up.
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Rates were up 17% year over year in June, according to the latest Electricity Price Hub update, with another increase on the way.
With higher temperatures come higher electricity bills. Whether through higher seasonal charges or greater usage, Americans across the country were paying more for electricity in June.
In Virginia, the epicenter of the data center boom, the typical household electricity bill was $192 in June, up from $172 in June of last year, according to the latest data from the Heatmap and MIT’s Electricity Price Hub. Rates, meanwhile, were about 18 cents per kilowatt-hour, compared to just over 15 cents in June of last year, a 12% hike. Rates were also up from the end of last year, when they were about 15.5 cents.
The rate increase is largely due to prices set by Virginia’s largest utility, Dominion. Its rates are up 8% so far this year, according to MIT researchers, and 17% over the past 12 months, the result of a base rate increase that took effect at the beginning of the year. The average base rate alone is up 7.5% year over year for the average Dominion customer.
But that’s not all: The fuel portion of the bill is rising $8 a month for the typical customer, Dominion said according to local media reports, as a result of rising costs. The fuel charge went into effect at the beginning of July. Already, Dominion customers are paying about $78 per month for the generation portion of their electricity bill, according to Heatmap-MIT data.
The price hike will likely increase pressure on Dominion as it seeks to sell itself to Florida utility and energy developer NextEra in a $67 billion deal announced in May.
Earlier this week, Virginia's lieutenant governor Ghazala Hashmi sent a detailed letter to the State Corporation Commission, Virginia’s utility regulator, with 64 questions about the proposed merger. She said the deal “carries unprecedented implications for Virginia’s consumers and regulatory landscape.”
Hashmi asked regulators to extend their review of the deal beyond the six-month period mandated by its utility regulations, writing that “forcing this process into the six-month timeline will render an already inadequate period completely unworkable.”
In May, when the deal was announced, NextEra said it would provide over $2 billion of bill credits over two years to Dominion customers in Virginia, North Carolina, and South Carolina, which Dominion executives estimated would add up to $10 per month over the two years.
The enhanced geothermal company just announced a new 19,448-foot well.
Enhanced geothermal company Fervo has drilled another well.
This one is 19,448 feet deep, the company announced Thursday, and includes a 7,500-foot span laterally across the sub-surface. The well — called Sawtooth 7, part of Phase II of its flagship Cape Station project in Milford, Utah — took 21 days to drill, the company said. That matches the time required to drill the wells in Phase I, though the new one is nearly 35% deeper than those, on average, with a 50% greater lateral extension.
The greater depth and distance means greater energy potential from the well, while faster drilling times mean much lower costs. Tim Latimer, Fervo’s co-founder and chief executive, compared the timeline to that of the company’s 2022 Project Red well in Nevada, which achieved a depth of 11,220 feet in 70 days.
“Today, we are drilling deeper, hotter wells that will produce multiples more [megawatts] per well than our Project Red pilot, and we are doing it in a fraction of the time,” Latimer wrote.
Fervo says that its drilling rates at the Cape Station site have improved by 143% since it broke ground there in 2023.
The company says it’s now on track to get project costs down to $5,500 per kilowatt, working toward a goal of $3,000 per kilowatt over the long term. In its IPO filing, Fervo said costs at Cape Station were around $7,000 per kilowatt, indicating significant improvements in drilling efficiency in a relatively short period of time.
The news should be welcome to Fervo and its investors. Shortly after going public in May, the company announced that one of its Utah wells blew out. The company said at the time that there were no injuries, nor was there any environmental damage or “material impact to either cost or schedule of the project” at Cape Station.
Fervo raised almost $2 billion in its IPO, which it said will go to fund further progress on the flagship installation. Shares were trading at around $26 on Thursday afternoon, just shy of their $27 IPO price and up over 13% on the day.
The administration filed to dismiss an appeal of a December ruling that overturned its wind permitting freeze.
Trump’s Department of Justice is giving up on defending the president’s wind permitting moratorium.
The DOJ filed a motion on Wednesday to dismiss its appeal of a federal court’s December decision vacating the order to halt wind energy approvals. The plaintiffs in the case — New York and 16 other states, as well as the Alliance for Clean Energy New York, a trade group — did not oppose the motion. The case will not be officially dismissed, however, until the First Circuit Court of Appeals approves the request, which typically happens quickly when both parties support the dismissal.
The case stems from an executive order President Trump issued on the first day of his current term temporarily withdrawing all areas of the outer continental shelf from offshore wind leasing and pausing all federal authorizations for onshore and offshore wind projects while the administration conducted a review of leasing and permitting practices.
States took the administration to court last May, arguing that the order was arbitrary and capricious and violated the Administrative Procedures Act. They claimed it harmed their ability to source reliable and affordable energy and threatened billions of dollars in investment in supply chains, workforce development, and wind industry-related infrastructure.
On December 8, Judge Patti B. Saris of the U.S. District Court for the District of Massachusetts ruled in the states’ favor and vacated the wind order. More specifically, the judge vacated the portion of the order directing agencies to pause permits and other authorizations. The withdrawal of areas eligible for new leases remains in effect.
What it means is that federal agencies will now have to proceed with permitting wind projects using the existing statutory and regulatory framework, Kit Kennedy, the managing director for power, climate, and energy at the Natural Resources Defense Council, told me in an email. “The door to federal permitting is now unlocked again and each developer will be able to make the case for permitting their individual project based on the facts and the law,” she said.
The Trump administration appealed the ruling to the First Circuit in February, but never submitted an opening brief. The initial deadline was May 11, but on May 4, the DOJ requested additional time to file the brief. The judge gave the defendants until June 10. On that date, the defendants filed the motion to dismiss.
This is a developing story and we’ll update it as we learn more about the administration’s actions and their effects.
Editor’s note: This story has been updated to reflect that the freeze and ruling apply to onshore as well as offshore wind. It also adds a quote from Kit Kennedy.