Last week the Commodity Futures Trading Commission (CFTC) issued a notice of proposed order and request for comment proposing to allow a private right of action to enforce violations of the anti-manipulation, anti-fraud or scienter based provisions (Anti-fraud provisions) of
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 7
Key Developments in the Photovoltaic Sector in Italy
The regulatory framework for solar photovoltaic plants in Italy is constantly evolving. Plant owners, asset managers and investors need to stay informed in order to adapt to developments in this sector and avoid adverse outcomes. The following highlights the key…
IRS Issues Guidance on the Beginning of Construction Rules for Renewable Projects
The Internal Revenue Service recently issued Notice 2016-31, which provides much-needed guidance for wind and other qualified facilities on meeting the beginning of construction requirements in light of the 2015 statutory extension and modification of the production tax credit and…
Short-Term Reauthorization of FAA Programs Potentially Paves the Way For Omitted Energy Credit Extenders
As discussed in our post on March 16, the Congressional extension of the Production Tax Credit (PTC) under Internal Revenue Code (IRC) Section 45 and the Investment Tax Credit (ITC) under IRC Section 48 in December 2015 failed to…
President Obama Signs Consolidated Appropriations Act
Renewable Energy Industry Seeks Additional Energy Credit Clarifications
On December 18, 2015, President Barack Obama signed into law the Consolidated Appropriations Act, 2016 (H.R. 2029) (the Act). The Act includes multi-year extensions of the Production Tax Credit (the PTC) under…
Timing Is (Almost) Everything: FERC Implements D.C. Circuit Guidance on NEPA Review of Multiple Pipeline Construction Projects
In the wake of two recent D.C. Circuit decisions, the Federal Energy Regulatory Commission (FERC) has begun to implement its new policy concerning the review of natural gas pipeline construction proposals under the National Environmental Policy Act (NEPA). To decide…
New York Staged to Begin Full Community Net Metering Program
Community net metering is relatively new to New York. Last July, the New York Public Service Commission (PSC) issued an order establishing a “community distributed generation program” that allows multiple customers to net meter from a single solar generation facility. …
Key Energy-Related Tax Provisions in the 2017 Budget Proposal
President Obama’s recently released budget proposal for the 2017 fiscal year repeats many of his past energy-related tax proposals, including a permanent extension of the renewable energy production tax credit and a provision making it refundable. Making the production tax…
Implications of the Clean Power Plan Stay
Late in the day on Tuesday, February 9, the U.S. Supreme Court stayed, for at least a year and possibly longer, the implementation of the Clean Power Plan (CPP), the US Environmental Protection Agency’s (EPA’s) widely-publicized regulations governing greenhouse gas emissions from…
What Must Be Done for Wind and Solar Projects to Have “Begun Construction” under the New PTC and ITC?
With the recent extension of the federal income tax credits available for renewable energy projects, practitioners and industry participants have raised questions as to how the “begun construction” rules will apply under these new regimes. The new regimes refer to…