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Read need-to-know updates, commentary, and analysis on Energy & Utilities issues written by leading professionals.
Foley Hoag LLP - Energy & Climate Counsel

EV Roundup - December 2024

Looking at 2024 EV sales, the U.S. made meaningful strides toward achieving the Biden Administration’s goal of having 50% of all new vehicle sales be electric by 2030. Since the IRA was enacted, purchases of zero-emission...more

Troutman Pepper

Federal Appeals Court Appears Skeptical of State’s Ability to Question Federal Transmission Planning Decisions

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On December 5, 2024, the U.S. Court of Appeals for the Third Circuit heard oral arguments in Transource Pennsylvania LLC v. Steven M. Defrank, et.al. The case presents the question of potential tension between FERC’s...more

Orrick, Herrington & Sutcliffe LLP

Navigating Renewable Energy Projects in the Trump Era: Tariffs, Taxes, and Commercial Strategies

Trump’s second term is expected to potentially disrupt the Inflation Reduction Act (IRA) and impose sweeping tariffs and other import restrictions. The impacts on the supply chain and tax credits may raise procurement costs...more

Morgan Lewis - Power & Pipes

DOE Initial Funding Awards to Two More Regional Hydrogen Hubs Supports Hydrogen Infrastructure Expansion

The US Department of Energy’s (DOE’s) Office of Clean Energy Demonstrations has announced initial funding awards for two additional regional clean hydrogen hubs, bringing the total number of regional hydrogen hubs with...more

Allen Matkins

Renewable Energy Update 12.12.24

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The Department of the Treasury and the Internal Revenue Service have released the final rules for the Sec. 48 Energy Credit – also known as the federal investment tax credit (ITC). For decades, the ITC has fueled U.S. clean...more

Troutman Pepper

California Offers Enforcement Relief on GHG Disclosures

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On December 5, 2024, the California Air Resources Board (CARB) issued an Enforcement Notice regarding the Climate Corporate Data Accountability Act (SB 253), which will require companies “doing business” in California to...more

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

Gray Reed on

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

King & Spalding on

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

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