Direct Pay: Understanding the Opportunities and Challenges for Publicly Owned Hydropower

Time: 3:30 PM - 4:30 PM
Room Number: Congressional
Day: 3/14/2024

The Inflation Reduction Act’s (IRA) inclusion of elective direct pay as comparable tax incentive has significant implications for public power – many of which own and operate some of America’s largest hydropower facilities.

For the first time, public power systems can benefit directly from certain energy incentives.

The session speakers will discuss: the opportunities direct pay offers to public power; the state of Treasury and IRS guidance on domestic content requirements; and how hydropower investments factor into public power resource planning.


Michael Purdie
Michael PurdieDirector of Regulatory Affairs and MarketsNational Hydropower Association (NHA)Moderator
Suzanne Biddle
Suzanne BiddleGeneral Manager, Hydro OperationsTennessee Valley Authority (TVA)Speaker
Nathan Reese
Nathan ReeseExecutive Vice President, External RelationsGrand River Dam Authority (GRDA)Speaker
John Di Stasio
John Di StasioPresidentLarge Public Power Council (LPPC)Speaker
Will Davis
Will DavisPartnerCapitol Tax PartnersSpeaker


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