Haaland and deputy interior secretary testified before the Senate Natural resources committee. The senators, most of whom are from western states, asked about increasing Domestic Oil Production in the biden administrations interior Budget Priorities for 2024. The administration is requesting 18. 9 billion from the department as an increase of 2 million from 2023. This morning, the committee will be discussing the president s proposed fiscal year 2024 budget for the department of interior and other items within his purview. Id like to welcome secretary holland, deputy secretary boudreau back to the committee as well as interior budget director, denise flanagan. I wanna thank you all for joining us this morning to set the scene. I think its important to note for contexts that the congress provide the department an additional 48. 1 billion in the last 19 months including 47. 3 billion and targeted investments to the bipartisan infrastructure law and Inflation Reduction Act and 779 million
Because of the popularity of these programs the reality is they are dramatically oversubscribed. New era is four times oversubscribed which i believe shows how important this program is to electric cooperatives across the country and how important it is to see this long overdue investment. Its great to see this and highlight the excitement of the rural coops across the country. Mr. Secretary for new era, can you share an update on how we might see application start to move forward in the process . We are in the process of completing the evaluation of approximately 70 projects of the number that was submitted. As you indicated it was a very Popular Program and oversubscribed. In an effort to determine which of these programs are feasible from a technical standpoint and from a financial standpoint. Once those evaluations are done, those projects will be ranked. And then well basically compare those rankings to the resources available. And begin a more detailed conversation to assert whet
Because of the popularity of these programs the reality is they are dramatically oversubscribed. New era is four times oversubscribed which i believe shows how important this program is to electric cooperatives across the country and how important it is to see this long overdue investment. Its great to see this and highlight the excitement of the rural coops across the country. Mr. Secretary for new era, can you share an update on how we might see application start to move forward in the process . We are in the process of completing the evaluation of approximately 70 projects of the number that was submitted. As you indicated it was a very Popular Program and oversubscribed. In an effort to determine which of these programs are feasible from a technical standpoint and from a financial standpoint. Once those evaluations are done, those projects will be ranked. And then well basically compare those rankings to the resources available. And begin a more detailed conversation to assert whet
Excused today. Commissioner paulson. Here commissioner rivera excused. Commissioner stacy. Here. We have a quorum. Members of public make up to 2 minutes of remote public on an item dialing 4155540001. Access code 2591 574 6761 to rid your hand press star 3. Speakers will hear a choim had 30 seconds remaining and another chime when the 2 minutes have expired. You must limit your comment to the topic discussed upon if you dont stay on the topic the chair may ask to you limit your comment to the item. Public comment made in a civil and respectful. Mute, thank you. Thank you. Public comment med in a civil and respectful manner. Address remarks to the commission not to individual commissioners or staff. On behalf of the commission thanks to sfgovtv staff and puc staff for assist analysis. For those present, if you have in the done so silence your electronic device. The dial in number is 4155540001. Access code 2591 574 6761. Raise your hand to speak please, press star 3. On todays engaged
Because of the popularity of these programs the reality is they are dramatically oversubscribed. New era is four times oversubscribed which i believe shows how important this program is to electric cooperatives across the country and how important it is to see this long overdue investment. Its great to see this and highlight the excitement of the rural coops across the country. Mr. Secretary for new era, can you share an update on how we might see application start to move forward in the process . We are in the process of completing the evaluation of approximately 70 projects of the number that was submitted. As you indicated it was a very Popular Program and oversubscribed. In an effort to determine which of these programs are feasible from a technical standpoint and from a financial standpoint. Once those evaluations are done, those projects will be ranked. And then well basically compare those rankings to the resources available. And begin a more detailed conversation to assert whet