"Energy Dept. Extends Deadline for Power Grid Rule, Protects Steel Jobs in Small Towns"

The Biden administration has issued energy efficiency regulations targeting distribution transformers, aiming to accelerate the development of green energy and save utilities and businesses $824 million annually in electricity costs. The regulations require 75% of transformers to be manufactured with grain-oriented electrical steel and 25% with amorphous alloy, with a five-year compliance period. The move has been praised for providing stability to the market and protecting domestic manufacturing capacity, while also reducing carbon dioxide emissions by nearly 85 million metric tons.