Washington, D.C. – NHA President and CEO, Malcolm Woolf, released the following statement after the Senate passed its reconciliation bill:
“The Senate passed ‘One Big, Beautiful Bill’ recognizes the essential role hydropower plays in delivering around-the-clock, baseload electricity that keeps the grid reliable, clean, and affordable.
“With approximately 40% of the existing U.S. hydropower fleet facing license expiration, federal tax credits are critical toward repowering the existing fleet while also enabling new hydropower development at existing dam sites, new pumped storage, and Marine Energy.
“We thank our many Senate champions for fighting to preserve and expand the nation’s hydropower fleet, which provides electricity to roughly 25 million American homes and businesses every day.”
