An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in Pennsylvania Economic Development for a Growing Economy (PA EDGE) Tax Credits, repealing provisions relating to local resource manufacturing, providing for Reliable Energy Investment Tax Credit, repealing provisions relating to Pennsylvania milk processing and providing for Pennsylvania milk processing; in regional clean hydrogen hubs, further providing for definitions, for eligibility, for application and approval of tax credit, for use of tax credits and for applicability; in semiconductor manufacturing and biomedical manufacturing and research, further providing for definitions and for application and approval of tax credit and providing for geothermal energy and for sustainable aviation fuel; and, in application of Prevailing Wage Act, further providing for definitions.

Reduced the required capital investment for a 'Reliable energy generation facility' from $50 million to $25 million, and lowered the work hour requirement from 10,000 to 10,000 (unchanged) but adjusted the output threshold from 100 megawatts to 25 megawatts for new facilities.

Lowered the capital investment requirement for a 'Reliable energy storage facility' from $50 million to $25 million and reduced the maximum facility output requirement from 10 megawatts to 5 megawatts.

Added specific language to define 'incremental clean energy output' for facility expansions, clarifying that it is based on expected increases in actual maximum facility output reflected in modified licenses or reports.

Revised the 'Qualified reliable energy taxpayer' definition to explicitly include all affiliates of the company and added a requirement that the company otherwise satisfies all subarticle requirements.

Updated the 'Qualified reliable energy tax credit rate' calculation to use an inflation-adjusted price threshold of $70 per megawatt-hour (previously $65) and adjusted the reduction formula accordingly.

Clarified the definition of a 'Surplus interconnection facility' to explicitly state it is a new facility that shares infrastructure with an existing one and uses the surplus portion of the existing facility's interconnection service.

Added a new condition for 'Reliable energy generation facilities' that are being restarted, requiring that no substantial step toward restarting occurred before the effective date of the section.

Added a new option for 'Reliable energy generation facilities' to qualify if they are a 'Surplus interconnection facility,' providing an alternative path to eligibility based on interconnection sharing rather than just clean energy generation volume.

Updated the bill text to reflect that it was amended on second consideration by the House of Representatives on May 13, 2025, and added Webster to the list of sponsors.

Introduced a new 'Reliable Energy Investment Tax Credit' for new, expanded, or restarted electric generating facilities and energy storage facilities.

Deleted the tax credit for manufacturing petrochemicals or fertilizers, removing the incentive for those specific industries.

Set new eligibility criteria for the energy credit, requiring a minimum capital investment of $50 million and a maximum facility output of at least 100.25 megawatts.

Defined new terms including 'reliable energy generation facility,' 'reliable energy storage facility,' 'substantial step,' and 'work hour' to guide the new program.

Established a program period for the new energy tax credit running from January 1, 2026, through December 31, 2036.

Added specific requirements for facility restarts, mandating that the first substantial step of the restart must occur after the section's effective date.