The Biden administration on Thursday finalized a rule that cuts costs for developing solar and wind energy on public lands. The rule was expected to cut by 80 percent fees that are based on how much energy is produced 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 into the federal register. The fee cuts become less dramatic after 2035 and will ratchet down in the following years to be just a 20 percent cut in 2038 and beyond. The rule also seeks to expand energy production in designated “priority areas” by simplifying the process for issuing new righ
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