Energy Department Seeks Permission to Create More Paperwork
Published Date: 1/13/2025
Notice
Summary
The Department of Energy is asking electricity producers to help by sharing info about their greenhouse gas emissions. This new data collection will help them get special tax credits and improve emissions tracking. If you’re involved, make sure to send your comments by March 14, 2025, to help shape the process and reduce any hassle.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Energy Producers Must Share Emissions
If you own an electricity generating facility or energy storage technology, the Department of Energy plans to collect greenhouse gas emissions information so DOE can provide an emissions value you may use to petition the IRS for a Provisional Emissions Rate (PER) and claim section 45Y or 48E tax credits. DOE expects about 20 respondents, estimates a total of 800 annual burden hours, and an annual reporting cost burden of $77,368; comments are due by March 14, 2025.
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