“Stopping New Energy Taxes,” hosted by Rep. Martin Causer
Mr. Chairman and members of the committee, thank you for having me.
I’m David N. Taylor, President and CEO of the Pennsylvania Manufacturers’ Association, the century-old statewide trade organization representing the people who make things here in the commonwealth. Manufacturing requires large amounts of available, reliable, and affordable energy, which is why we are grateful to be part of this discussion.
According to our best estimates, the Regional Greenhouse Gas Initiative will tax Pennsylvania electricity generation by at least $800 million per year.[1] It’s no wonder we have had no meaningful baseload capacity investment since Governor Wolf unilaterally entered us into this multistate compact in 2019, and as Governor Shapiro continues the court battle to implement it. Because this $800 million tax threat looms over potential power plant investors, it renders Pennsylvania uninvestable; threatening our ability to keep our own lights on let alone maintain our status as the largest electricity exporter in the nation.
Read the full report HERE.