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Energy financing authority overhaul could help Pa. tap billions in federal infrastructure money

By Peter Hall

A state authority established to finance energy projects in the wake of the oil shortages of the 1970s could help Pennsylvania capture more of the Biden administration’s historic investments in clean energy and job creation.

Legislation in the state House would reform the Pennsylvania Energy Development Authority (PEDA) to allow Pennsylvania to take advantage of hundreds of billions in federal funding for clean energy projects under the Inflation Reduction Act (IRA) and the Bipartisan Infrastructure Law (BIL).

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