The Internal Revenue Service (IRS) issued new guidance regarding Section 45Q tax credits (Revenue Ruling 2021-13). The IRS guidance addresses the application of Section 45Q of the Internal Revenue Code of 1986 and the capture...more
When the Bipartisan Budget Act of 2018 was passed into law, it expanded the §45Q2 tax credit, an important federal incentive encouraging private investment in the development and use of carbon capture technologies and...more
The Washington Legislature passed Senate Bill 5126, the Climate Commitment Act, on April 24, 2021, which establishes a greenhouse gas emissions cap-and-invest program for utilities, industrial facilities, and other operations...more
4/29/2021
/ Cap-and-Trade ,
Carbon Off-Set Credits ,
Clean Air Act ,
Compliance ,
Covered Entities ,
Department of Ecology ,
Greenhouse Gas Emissions ,
Net Zero ,
Opt-In ,
State and Local Government ,
State Legislatures
The Washington Legislature passed House Bill 1091, which directs the Washington State Department of Ecology (Ecology) to adopt rules establishing a Clean Fuels Program to limit the aggregate, overall greenhouse gas emissions...more
In May of 2019, the Clean Energy Transformation Act (CETA) became law in Washington state and set bold decarbonization and renewable energy mandates for electric utilities. Under CETA, electric utilities in Washington must...more
2/2/2021
/ CETA ,
Clean Energy ,
Compliance ,
Electricity ,
Enforcement ,
Greenhouse Gas Emissions ,
Investor-Owned Utilities ,
Renewable Energy ,
Renewable Energy Incentives ,
Reporting Requirements ,
State and Local Government ,
State Legislatures ,
Utilities Sector
The U.S. Department of the Treasury and the Internal Revenue Service on January 6, 2021, issued Treasury Decision 9944, providing final regulations relating to Section 45Q tax credits (Regulations). The Regulations provide...more
The Washington Department of Ecology initiated the process of developing regulations governing greenhouse gas assessments for major projects by issuing a CR-101 Preproposal Statement of Inquiry on April 30, 2020. According to...more
The Federal Energy Regulatory Commission (the commission) took numerous actions on April 2, 2020, to ease regulatory burdens across the electricity, natural gas, and oil pipeline industries in response to the COVID-19...more
The IRS recently issued Notice 2016-31, providing further guidance regarding the “beginning of construction” requirement for the production tax credit (PTC) under Section 45 of the Internal Revenue Code and the investment tax...more
5/16/2016
/ Biomass ,
Energy Projects ,
Energy Sector ,
Geothermal Energy ,
Hydropower ,
Investment Tax Credits ,
IRS ,
Production Tax Credit ,
Protecting Americans from Tax Hikes (PATH) Act ,
Qualified Energy Facilities ,
Renewable Energy ,
Renewable Energy Incentives ,
Safe Harbors ,
Solar Energy ,
Wind Power