The passage of the Inflation Reduction Act, formerly known as the Build Back Better Act, is once again hanging on the vote of a conservative Democrat.

Xcel Energy praised both the MISO long-range transmission plan and the late-breaking agreement over the $670 billion Inflation Reduction Act.

The Inflation Reduction Act carries the same number as the Build Back Better Act, but its $670 billion falls far short of the original $2.2 trillion.

Senate Majority Leader Chuck Schumer and Sen. Joe Manchin announced a deal on a climate package that Democrats will seek to enact on a party-line vote.