Senate Approves Construction Permitting Deal Before November Elections

On Wednesday, U.S. senators reached a deal on construction permitting aimed at expediting the approval process for energy projects and infrastructure. The measure, titled the 'Bipartisan American Affordability and Jobs Act,' will require data center developers to cover their energy transmission costs. This bipartisan reform seeks to lower energy costs and facilitate quicker project builds, which are essential as the U.S. increases power capacity. The bill is expected to be a priority in the Senate during the upcoming lame-duck session after the Nov. 3 election, potentially impacting both fossil and clean energy sectors.