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Foley & Lardner LLP

IRS Releases Final Regulations Under Section 48 of the Code

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The Internal Revenue Service (“IRS”) and Department of the Treasury last week released final regulations (the “Final Regulations”) relating to investment tax credits under Section 48 of the (the “ITC”) of the Internal Revenue...more

K&L Gates LLP

Brussels Regulatory Brief: November 2024

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On 29 October 2024, the European Union and the UK government finalized the technical discussions on a competition cooperation agreement. This agreement will enable closer cooperation between the UK Competition and Markets...more

Baker Donelson

Final Energy Credit Regulations Under Section 48

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Overview - The final regulations, scheduled to be published in final form by the Internal Revenue Service (IRS) and the Department of the Treasury on December 12, 2024, provide comprehensive rules regarding the energy credit...more

Gray Reed

Federal Court Gives a Primer on Oil and Gas Lease Maintenance

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In re: EP Energy E&P Company, LP considered three lease maintenance provisions in several oil and gas leases. The federal district court ruled that the leases were maintained in force after cessation of production despite...more

Foley Hoag LLP - Energy & Climate Counsel

Massachusetts Permitting and Siting Reform is On the Way! What Does That Mean For Your Projects?

On November 20, 2024, Massachusetts Governor Maura Healey signed “An Act Promoting a Clean Energy Grid, Advancing Equity, and Protecting Ratepayers,” into law as Chapter 239 of the Acts of 2024. Among other things, the new...more

Cooley LLP

Navigating the UK and EU Emissions Trading Schemes in 2025: Key Deadlines and Compliance Steps

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As we approach 2025, both the UK and the European Union are intensifying their efforts to reduce greenhouse gas emissions through their respective emissions trading schemes. Understanding the similarities and differences...more

Hogan Lovells

Shaking up the Magic 8-Ball – What does the U.S. IRA Monetization Look Like in 2025?

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First, a quick and brief reminder on the IRA and the monetization techniques. The IRA expanded upon existing energy tax credits (and other tax incentives) and introduced new ones. And critically, the IRA also brought to life...more

Troutman Pepper

IRS Issues Final Regulations on Energy Property and Rules Applicable to Energy Credit Under Section 48

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On December 4, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) released final regulations providing further guidance in determining whether property is energy property and eligible for the Investment...more

Houston Harbaugh, P.C.

No Funding For You?

Houston Harbaugh, P.C. on

On November 7, 2024, several Pennsylvania state senators from oil and gas producing regions introduced Senate Bill 1346 of 2024, which proposes to change the way that revenues from Pennsylvania’s unconventional well fee are...more

Vinson & Elkins LLP

What Are States’ Legal Obligations In Relation To Climate Change?

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The International Court of Justice has been asked to issue an advisory opinion on this question, and is currently hearing submissions from States, NGOs and international organisations. The International Court of Justice...more

Baker Botts L.L.P.

P2N0 - Edition 21 - COP 29 Special Edition - News and Views on the Drive Towards Net-Zero GHG Emissions

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Baker Botts Partner, Michael Harrison, delves into the drive to achieve net-zero greenhouse gas (GHG) emissions (NZE). P2N0 highlights major global news items in concise summaries, with a focus on policy changes and project...more

King & Spalding

Texas Magistrate Judge Recommends Summary Judgment Against Texas Wind Farm on Winter Storm Uri Force Majeure Claims

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On September 29, 2023, U.S. Magistrate Judge Hal R. Ray Jr. of the U.S. District Court for the Northern District of Texas issued a report and recommendation on a summary judgment motion in a case arising out of fixed-volume...more

Pillsbury Winthrop Shaw Pittman LLP

Trump 2.0: White House and Congressional Republicans Poised to Use the Congressional Review Act for Swift Regulatory Rollback

With unified control of Congress and the White House, Republicans are primed to use the CRA to swiftly overturn regulations promulgated in the final months of the Biden Administration. The Congressional Review Act (CRA)...more

Wilson Sonsini Goodrich & Rosati

Treasury and IRS Release Final Regulations on Section 48 Investment Tax Credits

On December 4, 2024, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations) regarding the investment tax credit (ITC) under Section 48 of the...more

Nossaman LLP

What to Consider When Structuring NEVI P3 Projects

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The Bipartisan Infrastructure Law established the National Electric Vehicle Infrastructure (NEVI) formula program in an effort to jumpstart the development of electric vehicle (EV) charging networks. To support that endeavor,...more

Jones Day

The Climate Report | Fourth Quarter 2024

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New ESG regulations are expected to have a significant impact on disclosure and governance obligations for EU and non-EU companies alike, including extensive sustainability reporting and due diligence requirements on...more

Jones Day

Pumped Storage Hydropower: Powering Southeast Asia's Energy Future

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The demand for reliable, renewable energy is growing across Southeast Asia as nations work to address rapid urbanization, industrialization, and climate concerns. In this context, pumped storage hydropower ("PSH")—involving...more

Opportune LLP

Transforming Operations With Automated KPIs

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Imagine transforming your business data into a powerhouse of insights. What if you could: Automating Key Performance Indicators (KPIs) offer these advantages and more. By integrating data across multiple systems and...more

A&O Shearman

UK energy: the new National Future System Operator and Clean Power 2030

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The new UK Government has taken several recent steps in its mission to achieve security of supply of affordable clean energy. We discuss its autumn flurry of energy and infrastructure related announcements in our article New...more

A&O Shearman

New UK Government bets big on energy and infrastructure

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UK energy and infrastructure developments have been coming thick and fast as the new Government gets its feet under the table. With the Autumn Budget headlining a flurry of announcements on energy and infrastructure policy...more

Pullman & Comley - For What It May Be Worth

Solar PV Uniform Capacity Tax Study Released for Comment

Pursuant to Public Act No. 24-31, the Connecticut General Assembly required the Department of Energy and Environmental Protection (DEEP) in consultation with the Office of Policy and Management (OPM) to “conduct a study...more

Latham & Watkins LLP

EPA Proposes Granting West Virginia Primacy for Class VI Wells

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The proposal represents a step forward for carbon capture and storage projects in the state and could accelerate the permitting process. The US Environmental Protection Agency (EPA) has proposed a significant regulatory...more

Hogan Lovells

Paving the green road: Dutch asphalt makers smooth the path for sustainability

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The Dutch Authority for Consumers and Markets (ACM) approved a sustainability initiative by Bouwend Nederland promoting a shift from Hot Mix Asphalt (HMA) to the more eco-friendly Warm Mix Asphalt (WMA), emphasizing...more

Beveridge & Diamond PC

California’s Energy Commission Reaches Costly Settlements Over Consumer Product Efficiency Standards

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Manufacturers and sellers of consumer products in California should be aware that the California Energy Commission (CEC) continues to bring more enforcement actions and assess large civil penalties for violations of its Title...more

Bracewell LLP

Vineyard Wind 1 Prevails Again in the First Circuit

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The US Court of Appeals for the First Circuit has affirmed the dismissal of two additional legal challenges to the Vineyard Wind 1 Project (the Project). On December 5, 2024, a First Circuit panel issued a consolidated...more

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