On September 29, 2017, the Illinois Power Agency (IPA) released its Long-Term Renewable Resources Procurement Plan (Plan) to implement renewable energy goals set forth in Illinois’s Future Energy Jobs Act, which went into effect on June 1. Together, the new
Energy Business Law
Insights for the Global Energy Industry
The Energy Business Law blog, published by McDermott Will & Emery, covers legal and regulatory developments affecting the energy sector, including renewable energy investments, energy market regulations, and environmental compliance. It addresses topics such as energy private equity trends, capacity market rules, carbon capture tax credits, and environmental liability risks for energy companies. The blog also explores the intersection of energy law with ESG investing, sustainability initiatives, and government policies impacting energy markets. It provides insights into structuring energy transactions, navigating federal and state regulations, and managing risks related to energy projects and investments.
Latest from Energy Business Law - Page 4
Department of Energy Proposes Rule Benefiting Coal and Nuclear to FERC
On September 28, 2017, the US Department of Energy (DOE) submitted a proposed rule to the Federal Energy Regulatory Commission (FERC) that, if implemented, could reshape organized wholesale electricity markets. Citing electric grid reliability and resiliency issues like the 2014…
DOE Says Wind Power Creates Lots of Jobs!
According to the Department of Energy (DOE) renewable energy wind installations had explosive growth through 2016, and added approximately 32,000 jobs since 2015, to a total of 102,000!
In the Wind Technologies Market Report, DOE says the Production Tax…
IRS Rules (Again) That Taxpayers Are Not Entitled to Claimed Refined Coal Credits
In a highly-anticipated Technical Advice Memorandum (TAM) dated March 23, 2017 and released on July 21, 2017, the Internal Revenue Service (IRS) ruled that two taxpayers who had invested in a Limited Liability Company that owned and operated a refined…
Massachusetts Sets Energy Storage Target
On June 30, 2017, the Massachusetts Department of Energy Resources (DOER) announced that Massachusetts would adopt an aspirational 200 megawatt-hour (MWh) energy storage target to be achieved by January 1, 2020. The target is the second largest in the nation,…
Analysis of Energy and Tax Proposals in the 2018 Budget Proposal
President Trump released his budget proposal for the 2018 FY on May 23, 2017, expanding on the budget blueprint he released in March. The budget proposal and blueprint reiterate the President’s tax reform proposals to lower the business tax rate…
Maryland Likely to Become First State to Adopt Energy Storage Tax Credit
UPDATE: This bill was signed into Maryland law on May 4, 2017 with a $75,000 maximum credit for commercial systems. A previous version of the bill offered credits to commercial systems up to $150,000.
In April, the Maryland legislature passed…
EPA Requests Comments on Regulatory Rollbacks
Last week, the US Environmental Protection Agency (EPA) published a request for comment asking for “input on regulations that may be appropriate for repeal, replacement, or modification.” EPA’s request is part of a federal government initiative under Executive Order 13777,…
NY Moves from Retail Rate Net Metering to Value-Based Compensation for Distributed Generation
The New York Public Service Commission (NYPSC) approved an order on March 9 that will shift the state’s mechanism for compensating distributed energy resources from retail rate net metering to value-based compensation. The order is the next step in New…
Electric Utility and Solar Advocates in Arizona Reach Compromise Rate Settlement for Rooftop Solar
The Arizona Public Service Co. (APS) and solar industry representatives and advocates have reached a settlement on rooftop solar compensation and rate design, following years of heated policy debate. The settlement, which the Arizona Corporation Commission (ACC) is expected to…