Emissions Regulations Require New Balancing Act In U.S. Midstream Sector By Chris Kipp and Sheila Meehan WAUKESHA. WI.-From the Inflation Reduction Act (IRA) to the Lower Energy Costs Act, navigating the midstream sector landscape amidst pending policies, rulings and regulations has rarely-if ever- been more challenging. In March, the U.S. Energy Information Administration released its Annual Energy Outlook 2023, which provides modeled projections for domestic energy markets through 2050. The report includes cases with different assumptions about macroeconomic growth, world oil prices and technological progress. This year's edition includes an acknowledgment as part of the executive summary that recognizes much has changed since last year's annual outlook report to alter the policy landscape underlying the modeled projections-most notably, the passage of HR 5376, the IRA. In addition, after a 23-year hiatus, this year's outlook report includes an administrator's foreword " to provide context and outline future direction. " MAY 2023 53