The rule was expected to cut fees that are based on how much energy is produced by 80 percent through the year 2035.
A partial reduction is already in place based on 2022 guidance, but the administration said that the new rule contains further cuts and codifies them.
The rule also seeks to expand energy production in designated “priority areas” by simplifying the process for issuing new rights to build wind and solar projects.
The administration announced additional milestones alongside the rule, saying that the Interior Department has now given the OK to enough renewable projects on public lands to power 12 million homes.
Interior Secretary Deb Haaland told reporters on a press call that the Biden administration has approved more than double the number of renewable energy projects than the Trump administration did during its four years.
“The previous administration did everything they could to hobble our department’s clean energy program, but we’re making up for lost time,” she said.
Read more in a full report at TheHill.com.
