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Summary
The HR1 (One Big Beautiful Bill Act) budget reconciliation bill, signed into law on July 4, 2025, brings significant changes to clean energy tax credits, specifically affecting the Production Tax Credit (PTC) and Investment Tax Credit (ITC) across various energy technologies. Our analysis indicates an increase in energy and Renewable Energy Certificate (REC) prices, a forward shift in renewable capacity, and a long-term rise in gas and coal generation.
Join our thought leaders as they share the results of a forecast scenario that incorporates these legislative changes, comparing it to our Q2 Market Indicative Power Forecast release.
Speakers
S&P Global Energy
Katherine Nelson, PhD
Senior Principal Analyst, North America Power & Renewables Research
Katherine (McCaffrey) Nelson, PhD is a Senior Research Analyst with the S&P Global Energy Energy Research team, creating the Market Intelligence Power Forecast for CapIQ Pro. She is the forecast product lead, contributing market knowledge and data analytics skills to automating, producing and visualizing the forecast product. Dr. Nelson brings to the team 5 years as a research scientist in wind energy meteorology at the National Oceanic and Atmospheric Administration. She holds a BA in Applied Mathematics from the University of St Thomas (MN) and a PhD in Atmospheric and Oceanic Sciences from the University of Colorado Boulder.
S&P Global Energy
Tanya Peevey, PhD
Senior Principal Analyst, North America Power & Renewables Research
Tanya Peevey is an analyst with the Power Forecast team at S&P Global Energy creating content for the Cap IQ Pro client facing website, specifically the 20-year power forecast of next-day energy prices and articles with insights on energy markets. Prior to joining S&P Global, Tanya worked 8-years at the National Oceanic and Atmospheric Administration as a research analyst, evaluating the performance of global and regional weather forecasts for the National Centers for Environmental Prediction and the Federal Aviation Administration. Tanya holds a BS in Physics from the University of Texas-Dallas and a Masters and PhD in Atmospheric and Oceanic Science from the University of Colorado-Boulder.
S&P Global Energy
Wendy Wen
Research Analyst - GPCS, North America Power & Renewables Research
Wendy Wen is a research analyst on Gas, Power, and Climate Solutions at S&P Global Energy, currently rotating among the Market Indicative Forecast, North America Gas, and North America Power teams.
S&P Global Energy
Steve Piper
Research Director, North America Power & Renewables Research
Steve Piper is Director of Energy Research with S&P Global Market Intelligence. He has been with the company since 2009. Steve specializes in market price forecasting, economic feasibility assessment, demand forecasting and environmental analysis. Steve manages strategic research and forecasting for SNL Energy’s clients in the utilities, natural gas and coal industries.
Prior to his role at S&P Market Intelligence, Steve held positions at Platts, RDI and RCG/HaglerBailly.
Steve earned a Bachelor of Arts from Grinnell College and an Master in Project Management from the School of Public Affairs at University of Maryland-College Park.
Questions?
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