Washington, D.C. — Yesterday, a broad coalition of energy, manufacturing, and investor organizations including Clean Energy for America sent a letter to Senate leadership warning that the House-passed “One Big Beautiful Bill” would surrender American energy competitiveness to China and trigger “the single largest nationwide utility bill increase in American history.”

Today, at Politico’s 2025 Energy Summit, the coalition’s warnings were echoed by NextEra Energy CEO John Ketchum, who underscored that the House’s bill would cause the United States to “lose the AI race” and bring economic expansion in the U.S. “to a screeching halt.”

The letter—also signed by American Critical Minerals Association, Battery Materials & Technology Coalition, Conservative Energy Network, Impact Capital Managers, Securing America’s Future Energy, and Solar Energy Industries Association—stated:

“The House-passed One Big Beautiful Bill Act effectively eliminates the 48E credit, surrendering American competitiveness and handing China unchecked control over our electric power future. We urge you to revise the House’s draft to preserve American energy manufacturing, maintain our capacity to grow generation, and secure America’s grid from hostile powers.”

Signers identified three critical flaws in the legislation that will hold America back:

• Unrealistic Timelines for Project Deployment: The restrictive placed-in-service deadline and 60-day beginning-of-construction requirement functionally end the credit for all projects, including those for which site selection and financing have been completed. This provision would freeze long-term investments in badly needed energy generation capacity, jeopardize thousands of jobs, and weaken domestic supply chains.

• Unworkable Foreign Entity Prohibitions: The overly burdensome foreign entity prohibitions in the House-passed bill, intended to safeguard national security,serve to weaken domestic supply chains by imposing unworkable and unreasonable restrictions that ignore the realities of current supply chains and hinder investment in future supply chain growth. 

• Restrictions on Credit Transferability: Signed commended the House’s restoration of some transferability provisions from the Ways and Means Committee proposal, the coalition urges the Senate to sustain comprehensive credit transferability to ensure sustained financing flexibility for American innovation.

As the bill heads to the Senate, Senators have already signaled strong opposition to the House bill’s elimination of clean energy credits, setting up a potential clash over America’s energy future. Meanwhile, in the House a growing coalition of Republicans are also urging the Senate to save these energy tax credits.

Read the full letter here and the Politico article on the letter here.