Video & Transcript Research : 'Boot Capital'

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MN

Minnesota 2025-2026 Regular Session

Taxes Committee Meeting - 2025-04-09

Taxes

Transcript Highlights:
  • We're utilizing it to raise capital for Gladstone Crossing, the new supportive housing development in
  • However, supportive housing does not need capital alone to exist.
  • While we were able to secure the capital to build the building, the last piece which almost sunk was
  • And so, what we do is fundraise for, or try to receive through our capital awards, a service reserve
  • Even knowing that, I was surprised to read recently that a single social media company has capitalized
FL
Transcript Highlights:
  • University along with their instructor, Justin Sharpless is getting this in the U.S. here in the capital
  • Capital projects are revenues that account for over 15% of the university's budget.
  • The university are component unit, every dollar of funds for capital project.
  • You start seeing more money pumped into capital projects for growth and those types of things as well
  • . >> Yes, certainly capital projects are major contributors to that.
Keywords: 999, senate, all
TX

Texas 89th Regular

Senate Session Feb 19th, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • Welcome, everyone, to your capital. Well, honored to have you here with us today.
  • Many notable citizens of Lubbock are visiting the capital today. to pay their tribute to their city's
  • Brown County constituents to their Texas capital. Thank you. Thank you.
  • Thank you for being here, visiting your capital.
  • , their capital.
NH
Transcript Highlights:
  • They're calling it the capital risk charge.
  • <05:17:52.480> Reserves<05:17:52.958> are maintain adequate capital.
  • Reserves are maintain adequate capital.
  • Rather, it would limit Health Trust's ability to accumulate capital for the protection of members and
  • > upon capitalization and relies upon capitalization and relies upon assessments<05:26:48.958>
Keywords: 928, house, all
Summary: The committee first heard Senate Bill 47, sponsored by Senator Regina Birdsell at the request of the Insurance Department. The bill would clarify that a birth mother’s health insurance is the primary policy for a newborn’s care unless the mother has no coverage or no employer-sponsored coverage. Birdsell and Insurance Commissioner DJ Benton Court said the measure simply codifies the department’s long-standing interpretation of existing law. Representative Miles asked whether the coverage would extend to a grandchild if a young woman on her parents’ plan had a baby, and Birdsell said it would. The hearing on SB 47 was then closed. The committee next heard Senate Bill 121, introduced by Grant Bosi for Senator Kevin Avard. The bill requires insurers to notify the Insurance Department when they stop writing an entire line of business or, in some cases, when they change Medicare Advantage offerings. Benton Court said the bill was prompted by disruption in the Medicare Advantage market, where consumers and the department were confused by carriers exiting, changing plans, or narrowing offerings. He said the department does not regulate Medicare Advantage itself, but does license the carriers, and the notice requirement would help the department advise consumers; he also said noncompliance could affect a carrier’s license and could lead to fines. Members discussed the notice period, and the department and AHIP indicated support for changing it from 120 days to 90 days to align with federal timing. The hearing was closed with plans to work on an amendment in subcommittee. Finally, the committee heard Senate Bill 247, introduced by Representative Brian Cole, which would prohibit network exclusion for pharmacies that refuse to dispense prescriptions when PBM reimbursement is below acquisition cost. Cole said the bill is meant to stop pharmacies from being forced to sell at a loss. Members questioned whether pharmacies voluntarily enter PBM contracts, whether the bill would raise consumer prices, and whether it would mainly affect independent pharmacies. Cole and others said the issue has changed over time because PBMs now control a much larger share of the market, and that the bill would let pharmacies refuse loss-making fills and direct patients to mail order instead. The discussion also noted that the bill excludes Medicare and Medicaid and that the current proposal does not create a middle-ground option for patients to pay a premium at the counter.
MN

Minnesota 2025-2026 Regular Session

House DFL Press Conference 1/21/26

Transcript Highlights:
  • I represent District 65B of our capital city of St. Paul and the suburb of West St. Paul.
  • This is what's happening in our capital city. This is what's happening throughout our state.
  • <00:20:13.200> This<00:20:13.360> is happening in our capital city.
  • This is happening in our capital city.
  • We have fellow electeds here from our capital city, from our council members.
Keywords: 919, house, all
Summary: State Rep. Samakab Hussein and other Minnesota lawmakers held a press event focused on allegations of ICE misconduct in St. Paul and surrounding communities, using the case of Nasra Ahmed, a 23-year-old U.S. citizen, as the central example. Hussein and others said Ahmed was detained for two days, denied clear explanation and legal representation, and suffered trauma and injuries; Ahmed described being taken from a predominantly Somali neighborhood, called a racial slur, and physically restrained, while her father said the experience was unacceptable for any citizen or resident. Several lawmakers, including Reps. María Isa Pérez-Vega, Mahmud Nur, Dave Pinto, and St. Paul City Council Member Anika Buouie, said they were drafting or supporting legislation and local responses to provide behavioral health, mental health, and emergency assistance for affected families and businesses. They also said they were hearing from teachers, faith leaders, and community members about fear, disrupted work and school attendance, and broader economic harm, and that St. Paul’s city council would pursue a letter to Gov. Walz seeking an eviction moratorium. The speakers alleged that ICE actions were unlawful, racially targeted, and in some cases in violation of a recent federal court order limiting certain tactics. They urged people to document incidents, call 911, and use an attorney general portal to report constitutional-rights violations so data could be collected. No formal vote was taken at the event, but the lawmakers said they were working with county and state officials and referenced ongoing lawsuits and possible future court orders.
FL

Florida 2026 Regular Session

Commerce and Tourism Feb 4th, 2025

Commerce and Tourism

Transcript Highlights:
  • Expensive capital investment, confidence is absolutely necessary.
  • Access to capital is always the key. Part of that is just promoting the programs that we have.
  • We even have a public-private venture capital program.
  • Access to capital for those companies is key. Any further questions?
  • The wealth growth down here, the capital that's moving into the state, points to that.
Summary: The Commerce and Tourism Committee met to hear an overview of its jurisdiction and then focused primarily on Florida manufacturing. Secretary of Commerce Alex Kelly described manufacturing as central to a more resilient, diversified economy, citing the 2023 Florida Manufacturing Report and noting strong growth in manufacturing businesses, jobs, exports, and workforce programs. He emphasized that most Florida manufacturers are small businesses, that the sector is increasingly STEM- and technology-driven, and that the state’s main challenge is workforce aging and the need to retain trained talent. Members also discussed how to better expose students and parents to manufacturing careers, improve startup access to capital, and strengthen regional manufacturing corridors and transportation links. Kevin Carr of FloridaMakes said Florida is on track to become a top-five manufacturing state, but warned that productivity, technology adoption, and workforce shortages remain key issues. He said a proposed manufacturing bill would create a chief manufacturing officer and help address workforce, technology, and market-visibility challenges. Bain Beecher of PGT Innovations described the company’s growth and community role, but highlighted obstacles such as affordable housing, insurance costs, permitting delays, supply-chain disruptions, and limited awareness of manufacturing careers among students and parents. Andrew Kosowski of Veterans Metal focused on small- and medium-sized manufacturers, citing labor shortages, the cost of adopting new technology, regulatory burdens, and cybersecurity compliance as major pressures, and urged support for the draft manufacturing bill. Brian Giuliani of the Port of Tampa Bay outlined the port’s cargo mix, infrastructure investments, and role in moving fuel, construction materials, and manufactured goods, saying the port’s expansion and transloading plans could better connect Florida manufacturers to suppliers and markets. Committee members repeatedly stressed the need to promote manufacturing careers earlier in school, improve public perception of the industry, and reduce barriers to investment. No formal vote was taken during the discussion, but the panelists broadly supported the draft manufacturing legislation and the committee’s focus on manufacturing policy.
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Nov 20th, 2025

Transcript Highlights:
  • In terms of operations, we expended $14.7 million in capital outlay last fiscal year.
  • We've used both individual capital outlay and statewide capital outlay to do a number of historic preservation
  • capital outlay, and there is still some capital outlay from my predecessor on the books.
  • We do spend our capital, so we'll get you answers about where those are.
  • They don't have the capital behind them that traditional insurance companies do.
NM
Transcript Highlights:
  • Next, line nine for capital improvements SB 9 for FY25 has been updated from 45.3 million to 45.4 million
  • which schools have the greatest educational and facility deficiencies or needs for the purposes of capital
  • In your books is the FOI 26 Capital funding program, um.
  • It passes We'll move on to The next item Which is item B FY 26 capital outlay awards cycle timeline.
  • To include up to a 5% reduction in local match on capital outlay awards.
NM
Transcript Highlights:
  • One of them has to do with the Higher Education Major Capital Projects Fund, as an example.
  • You've been discussing capital outlay changes.
  • Chair, in the Higher Education Department's capital recommendation, we have a whole section dedicated
  • In this particular case, we're measuring this by the number of capital projects which are underway or
  • Jason Rizzo, Vice President of Operations and Ape Bitta, who is responsible for managing the capital
Keywords: 996, all
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Oct 14th, 2025

Transcript Highlights:
  • I mean, is this, I mean, we know the problem with tribal capital.
  • Again, we do have, well, we had 5 FTE for capital outlay and TIF, but we're out of position right now
  • , and the chapters want to do the capital, but there hasn't been a resolution.
  • I think that TIF generally does a little better than capital outlay, quite honestly.
  • Capital Outlay, the way we've structured it, has been going on since 2004.
NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Jan 27th, 2025

House Appropriations & Finance

Transcript Highlights:
  • So, we're focusing on the small local public bodies that have capital outlay withheld.
  • Local public bodies that have capital outlay withheld.
  • Remember, it's not just about accessing capital outlay.
  • Spending capital outlay, however, I don't believe we have a very accurate, robust capital outlay tracking
  • And a capital million in a capital outlay request now.
LA

Louisiana 2026 Regular Session

House of Representatives May 11th, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • I mean, you're talking about capital defense? That's correct. Yes. Yes, I'm aware of that.
  • I mean, what you were telling my capital defense? That's correct. Yes. that?
  • I mean, you were talking about capital defense? Yes, correct. Yes. I'm aware of that.
  • crimes. to defend more capital crimes?
  • The cost of capital attorneys are huge.
Bills: HR257, HR258, HR259, HR260, HR261, HR262, HR263, HCR105, HCR106, HR252, HR253, HR254, HR255, HR256, HCR103, HCR104, SB83, SB143, SB155, SB228, SB283, SB295, SB338, SB388, SB408, SB431, HR84, HR188, HR205, HB302, HB597, HB819, HB1257, HB1258, SCR24, SB45, SB58, SB71, SB81, SB92, SB100, SB109, SB141, SB156, SB181, SB203, SB204, SB205, SB207, SB213, SB214, SB216, SB229, SB257, SB274, SB290, SB304, SB374, SB379, SB396, SB410, SB425, SB427, SB429, SB479, SB522, SB357, SB406, HR171, HCR49, HCR65, HCR72, HR37, HCR64, HR170, HR191, HR206, HR207, HR208, HR217, HCR11, HCR53, HCR60, HCR66, HCR68, HR9, HCR27, HCR28, HCR50, HCR62, HCR67, HCR71, HCR78, HCR81, SCR19, SCR3, SCR6, SCR18, SCR11, SCR22, SCR2, SCR20, HCR6, HB64, HB68, HB92, HB130, HB258, HB633, HB801, HB61, HB98, HB102, HB139, HB142, HB170, HB185, HB194, HB199, HB231, HB247, HB294, HB336, HB474, HB661, HB842, HB852, HB301, HB359, HB657, HB675, HB680, HB727, HB79, HB251, HB625, HB769, HB775, HB783, HB895, HB1011, HB1057, HB1155, HB1186, HB1224, HB1245, HB1247, HB1253, HB1254, HB1255, HB1256, SB41, SB44, SB64, SB84, SB87, SB93, SB98, SB107, SB118, SB142, SB192, SB195, SB199, SB219, SB222, SB234, SB241, SB255, SB275, SB277, SB292, SB294, SB306, SB314, SB482, SB8, SB10, SB11, SB12, SB13, SB14, SB16, SB17, SB18, SB20, SB21, SB22, SB40, SB48, SB55, SB69, SB75, SB77, SB78, SB85, SB102, SB115, SB133, SB140, SB148, SB151, SB165, SB169, SB170, SB185, SB197, SB200, SB217, SB235, SB278, SB280, SB291, SB300, SB303, SB315, SB324, SB330, SB411, SB416, SB420, SB436, SB438, SB449, SB455, SB456, SB477, SB489, SB521, HB646, HB824, HB341, HB682, HB766, HB926, HB998, HB1051, HB1080, HB1201, HB1223, HB603, HB940, HB1191, SB47, HB901, HR20, HR74, HB284, HB306, HB366, HB393, HB458, HB577, HB582, HB605, HB614, HB733, HB752, HB773, HB798, HB911, HB955, HB996, HB1035, HB1069, HB1113, HB1140, HB1180, HB1240, SB82, SB89, SB149, SB382
LA

Louisiana 2026 Regular Session

Senate May 27th, 2026

Louisiana Senate Floor Meeting

Summary: The Senate convened with a quorum, heard a guest prayer by Pastor Lee Shipp, and conducted routine opening business including journal adoption, receipt of confirmation appointments, and House messages naming conferees on several Senate bill disagreements. The chamber also adopted or recognized several personal privilege resolutions and commendations, including honors for Grady Hazel, the Acadiana Veterans Hockey of Louisiana national championship team, Grambling State University’s 125th anniversary and related athletics/band centennials, the 2026 Governor’s Fellows, and a brief address by special guest Ms. Benson. Members then acted on a series of resolutions and concurrent resolutions. The Senate adopted measures creating or requesting study task forces on child permanency, medical malpractice review panels, driving school fees, the Minimum Foundation Program, and earthquake activity in north Louisiana, and it concurred in House resolutions on illegal dumping, gaming board review, behavioral health crisis center reimbursement, Medicaid incentive payment reporting, and a physician review panel study. Several condolence and commendation resolutions also passed, including those honoring Lewis Thomas Nelson and Josephine Ruth Kennedy, and the Senate adopted a resolution urging local governments to consider generator requirements for unlicensed senior and disability residential facilities. The chamber also took up House Bill 723, a motorcycle traffic-signal bill allowing certain two- and three-wheeled vehicles to proceed through malfunctioning vehicle-actuated signals under specified circumstances; after debate about safety and enforcement, it passed 33-3. The Senate then considered numerous House amendments to Senate bills, concurring in most, including bills on fluoridation/local opt-out, public assistance, nutrition, human trafficking training, bulletproof vests, adult residential care generators, cell-cultured food products, public benefits eligibility, attorney-fee limits in disciplinary proceedings, critical infrastructure protections, debit card surcharges, bank stock certificates, child welfare proceedings, digital student IDs, watershed restoration funding, innovation hubs, sports agent registration, and manufactured housing regulation. It rejected House amendments to SB 283 and SB 408 for further negotiation. The session ended with announcements for committee meetings and a recess until 2 p.m.
LA

Louisiana 2026 Regular Session

House of Representatives Apr 28th, 2026

Louisiana House Floor Meeting

Summary: The House met on April 27, 2026, with prayer, the Pledge of Allegiance, and a series of personal privileges recognizing Domestic Violence Prevention and Advocacy Day, Guarantee Corporation’s 100th anniversary, Delta Waterfowl, FFA and 4-H students, St. Bernard Parish Day, the Louisiana Notary Association, and New Orleans Day. The chamber also received Senate messages, committee reports, and introduced several resolutions, including measures on Gulf States renewable energy, asthma and allergy awareness, St. Bernard Parish Day, and other commemorations. The floor then took up a long series of bills and resolutions. Among the notable measures were House Bill 316 on literacy and tutoring, House Bill 578 changing statutory references from gender to sex, House Bill 748 expanding toll exemptions for school board vehicles, House Bill 101 redesignating a portion of U.S. Highway 190 as the Jesse Jackson Memorial Highway, House Bill 1032 cleaning up DWI terminology, House Bill 1081 transferring the Louisiana Ports and Waterways Investment Commission, House Bill 1108 creating a homeschool pride prestige plate, House Bill 1129 giving in-state auctioneers preference for selling surplus state property, House Bill 1157 creating a Louisiana State Infrastructure Bank, House Bill 1192 creating a dental hygienist prestige plate, House Bill 1195 revising athletic commission rules and NIL-related provisions, House Bill 1198 barring arbitration in child custody and visitation matters, House Bill 181 allowing limited tax-data sharing for Medicaid/SNAP integrity, House Bill 1118 requiring disclosure of hospital ownership by real estate investment trusts, House Bill 1082 changing venue rules in suits involving municipal police employees’ retirement systems, House Bill 225 proposing a lifetime two-term limit for governor, House Bill 864 on municipal fire limits and storage of flammables, House Bill 1189 requiring captain’s licenses for certain freshwater charter guides, and House Bill 549 creating the Bayou Growth Opportunity Workforce Program. Most measures passed, often after brief debate and technical amendments. Several bills were recommitted or returned to the calendar, including House Bill 902, House Bill 1245, and House Bill 1247, while House Bill 225 failed on final passage. The House also considered and passed multiple Senate bills dealing with tax administration, child custody testimony, Supreme Court disciplinary jurisdiction over out-of-state lawyers, civil investigation demands in Medicaid fraud cases, service of process fees and notice, and permanent homestead exemption registration. The session ended with the House in recess after completing its bill agenda for the day.
LA

Louisiana 2026 Regular Session

House of Representatives Apr 27th, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • House Bill 107 by Representative Malloran, relative to intellectual disabilities and capital cases, to
  • House Bill 107 by Representative Malloran, relative to intellectual disabilities and capital cases, to
  • They’re just changing a few words and making some words go from capital to non-capital. That’s it.
Summary: The House convened with a quorum, adopted the journal, and spent much of the day on recognitions and resolutions. Members honored NAMI and proclaimed Mental Health Awareness Month, recognized fourth graders from Alpine Christian School, Hunter Nation supporters, Vermilion Parish guests, and the 2026 Louisiana Young Heroes. The House also observed a moment of silence for Martha Odom after the Mall of Louisiana tragedy, and one member spoke against political violence and harassment. Several resolutions were adopted, including measures for Louisiana Young Heroes Day, Rural Mental Health Day, Nurses’ Day/Week, a study of child abuse reporter training, a memorial on FISA/privacy, and studies on civil bench warrants, property transfer/public records issues, the term “foreign” in state law, and carbon sequestration-related property issues. The House also adopted HCR 4 by a 63-30 vote to suspend certain Louisiana Administrative Code provisions on supplemental feeding, baiting, and chronic wasting disease control areas for 18 months. The chamber then moved through a large number of committee reports and bills, mostly advancing them without objection. Notable measures included bills on criminal discovery and law enforcement records, impaired driving task force, sexual assault nurse examiners and oversight, election commissioner pay, Medicaid dental coverage tied to other procedures, judicial salaries, teacher phased retirement, TOPS Tech eligibility, school emergency operations plans, pharmacy benefit manager transparency, and school-based health services. Several bills were recommitted to Appropriations or sent to third reading, while others were adopted as titles or amended in committee reports. In floor action on final passage, the House approved a series of bills with broad support: H.B. 12 on survivor benefits for reserve and auxiliary law enforcement officers (102-0), H.B. 402 on phased retirement for higher education employees (97-2), H.B. 205 on supplemental compensation for election commissioners (98-0), H.B. 224 on Medicaid dental coverage for medically necessary procedures (98-0), H.B. 267 on Louisiana State Board of Home Inspectors appointments (70-19), H.B. 324 on judicial salary increases (98-0), H.B. 325 on TOPS Tech eligibility changes (90-7), H.B. 350 expanding a charter school’s grade levels (98-0), H.B. 745 extending special permit authority for tandem loads (100-0), H.B. 749 transferring administration of 529/ABLE savings programs to a third-party platform while keeping state oversight (94-0), H.B. 797 creating the Bayou Gold Program for digital gold businesses (101-0), H.B. 807 creating a workforce instructor capacity investment program (90-0), H.B. 821 moving the Center for Safe Schools to the Law Enforcement Commission (103-0), H.B. 896 on toll signage, dispute procedures, and customer service centers (103-0), H.B. 979 increasing first responder survivor benefits to $404,000 after amendment (103-0), H.B. 992 assigning student IDs in early childhood programs (94-6), H.B. 1000 adjusting highway priority program procedures and local district contract limits (96-0), H.B. 1024 creating a Louisiana Democratic Party license plate (100-0), H.B. 1050 clarifying CDL age and vision requirements (98-0), and H.B. 1173 easing late-fee treatment in license reinstatement payment plans (94-0).
LA

Louisiana 2026 Regular Session

House of Representatives Apr 27th, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • House Bill 107 by Representative Barbson and Malloran, relative to intellectual disabilities and capital
  • House Bill 107 by Representative Barbson and Malloran, relative to intellectual disabilities and capital
  • They're just changing a few words and making some words go from capital to noncapital. That's it.
Summary: The House convened with a quorum, opened with prayer and the pledge, adopted the journal, and then spent much of the day on recognitions and resolutions. Members recognized NAMI and proclaimed Mental Health Awareness Month, honored fourth graders from Alpine Christian School, Hunter Nation supporters, Vermilion Parish visitors, and Louisiana Young Heroes. The chamber also observed a moment of silence for Martha Odom, a Lafayette student killed in the Mall of Louisiana tragedy, and heard remarks condemning political violence and social-media harassment. Several resolutions were adopted or advanced, including measures on rural mental health day, domestic violence prevention, nurses’ day, wildlife studies, child abuse reporter training, privacy/FISA reform, and Law Institute studies on property, foreign-entity terminology, and carbon sequestration issues. The House then moved through a long series of committee reports and floor actions on bills covering criminal justice, education, health, insurance, transportation, alcohol regulation, wildlife, elections, retirement, and public benefits. Many bills were advanced unanimously or near-unanimously, including measures on school emergency plans, impaired driving, victims’ compensation, sexual assault response, Medicaid dental coverage tied to other procedures, TOPS Tech eligibility, early childhood student IDs, highway priority program deadlines, CDL rules, and toll dispute procedures. Some bills were recommitted to Appropriations or returned to the calendar, and several were amended before being sent onward. On final passage, the House approved H.R. 1 adopting the annual State Integrated Coastal Protection Plan for FY 2026-2027 by 101 yeas, and also passed H.R. 17 on TOPS return-on-investment study, H.C.R. 4 suspending certain feeding and baiting restrictions in chronic wasting disease areas by 63-30, H.C.R. 47 on child abuse reporter training, H.R. 30 on FISA reform, H.B. 12 expanding death benefits for reserve auxiliary law enforcement officers, H.B. 205 allowing parish supplementation of election commissioner pay, H.B. 224 on Medicaid dental coverage for related procedures, H.B. 324 on judicial salaries, H.B. 325 on TOPS Tech eligibility, H.B. 350 expanding a charter school’s grade levels, H.B. 745 extending special vehicle permit sunsets, H.B. 797 creating the Bayou Gold Program, H.B. 807 creating a workforce instructor capacity investment program, H.B. 821 moving the Center for Safe Schools, H.B. 896 on toll signage and customer service, H.B. 979 increasing first responder survivor benefits to $404,000 via amendment, H.B. 992 assigning early childhood student IDs, H.B. 1000 on highway priority program administration, H.B. 1024 creating a Democratic Party license plate, H.B. 1050 on CDL age and hazmat rules, and H.B. 1173 on installment agreements for OMV fines and late fees. Several other bills were reported favorably, amended, or recommitted, with no recorded opposition on most of the final votes.
LA

Louisiana 2026 Regular Session

House of Representatives Mar 25th, 2026

Louisiana House Floor Meeting

ND

North Dakota 2026 1st Special Session

Water Topics Overview Committee Jun 10th, 2026 at 09:00 am

Water Topics Overview Committee

Transcript Highlights:
  • long term using its capital repayment to bond out of the Resources Trust Fund.
  • Another option, this option specific to affordability: capital repayment structure.
  • on a capital improvement plan, or through putting money into capital reserves for future renewal.
  • They need to be paying their fair share of that capital in any given year.
  • One is the federal capitalization grants that we receive on an annual basis.
Keywords: 908, all
KY
Transcript Highlights:
  • announced to be a $5.8 billion capital announced to be a $5.8 billion capital investment<00:19:58.240
  • Um and my own background was mostly in manufacturing and venture capital over a decade investing plus
  • Um and my own background was mostly in manufacturing and venture capital over a decade investing plus
  • based venture capital form firm with<00:41:35.440> um<00:41:35.839> more<00:41:36.000>
  • And this is just from a capital deployment side, massive.
Summary: The Artificial Intelligence Task Force met with a quorum, adopted prior meeting minutes, and then focused on energy policy and economic development as they relate to AI and data centers. John Bevington of LG&E and KU, introduced by Caroline Clark of LG&E/KU and PPL, described the utility’s Kentucky-only service territory, vertically integrated system, 1.3 million customers, and about 7.5 gigawatts of generating capacity. He said the company has supported 76 Kentucky projects in 2024 totaling about $3 billion in announced investment and roughly 3,000 jobs, with a large share of statewide announcements occurring in its service area. Bevington said LG&E and KU’s current project pipeline is unusually strong, totaling about 170 projects and 8.5 gigawatts of requested power, with data centers accounting for about two-thirds of that demand. He broke the pipeline into existing customer expansions, new-to-Kentucky projects, and 20 data center projects representing about 5.6 gigawatts of potential load. He highlighted a Louisville data center project by PO Development Company and Powerhouse Data Centers that has announced a 400-megawatt facility and may expand to 525 megawatts, estimating that such a project could represent about $4 billion in investment. He also explained that large data centers generally must locate near transmission lines and that utilities must conduct studies, order long-lead equipment, and secure reimbursement commitments before proceeding so other customers are not harmed. Members asked about how Kentucky compares with other states, the size of data center projects, and whether regulatory reform is needed. Bevington said the 20 projects reflect current Kentucky interest, which he attributed in part to the state’s sales tax exemption for data centers, and noted that states like Ohio have had similar incentives for years. In response to questions from Senator Thomas, he confirmed that data centers can vary in size and said the state should have a regulatory environment that supports economic development, while emphasizing that the benefits would flow to the state, local communities, and schools rather than just the utility. He also cited national and regional data suggesting data centers generate indirect jobs and tax revenue, and said LG&E and KU are investing in transmission, reliability, solar, and gas generation projects, including proposed additional 645-megawatt natural gas units and other system upgrades, to meet expected demand.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Monday, March 31, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • Malliotakis: And we'll create a museum in the Nation's capital by preserving the incredible contributions
  • Malliotakis: And we'll create a museum in the Nation's capital by preserving the incredible contributions
  • Malliotakis: And we'll create a museum in the Nation's capital by preserving the incredible contributions
  • The museum was founded in 1995 to address women's history that was missing from our capital, including
  • THE MUSEUM WAS FOUNDED IN 1995 TOLL ADDRESS WOMEN'S HISTORY THAT WAS MISSING FROM OUR CAPITAL INCLUDING