Senator Gene Yaw, chair of the Senate Environmental Resources and Energy Committee, has announced a legislative proposal to revamp the Pennsylvania Economic Development for a Growing Economy (EDGE) Tax Credit. The proposed changes aim to encourage investment in baseload power generation.
“Pennsylvania stands at a critical crossroads,” Yaw stated. “Our electric grid is experiencing the most rapid demand in decades, yet we continue to retire reliable power sources faster than we can replace them. By modernizing the EDGE program, we can encourage the development of dispatchable, always-on power sources that are essential for grid stability.”
The U.S. Department of Energy recently warned that blackouts could increase nearly 100 times by 2030 if new reliable power sources are not established. Yaw’s proposal seeks to address this risk by aligning Pennsylvania with regional transmission organization requirements and restoring balance to a strained grid.
Yaw also highlighted Pennsylvania’s ambitions to lead in artificial intelligence (AI), which increases electricity demand due to data centers and computing facilities requiring continuous energy supply.
The restructuring of the EDGE program would provide developers with long-term certainty and financial tools necessary for investing in energy projects that enhance grid reliability.
For more information, constituents can visit Senator Yaw’s website or follow him on social media platforms.
