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Energy & Utilities Tax

Read need-to-know updates, commentary, and analysis on Energy & Utilities issues written by leading professionals.
Allen Matkins

Special Water Supply Edition: California Environmental Law & Policy Update 10.25.24

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California officials have joined a legal effort to restore water to the Kern River after an abrupt shutoff of water dried up the river and killed thousands of fish in Bakersfield....more

Pillsbury - Gravel2Gavel Construction & Real...

When Every Drop Matters, Cities Turn to Watertech

We all need water to survive—but access to the liquid lifeline isn’t always a given. With a shifting climate and ever-increasing agricultural and industrial demands on this limited commodity, UNICEF predicts that by 2025,...more

Nutter McClennen & Fish LLP

Environment & Energy Insights (October 2024)

Welcome to the October edition of Nutter’s Environment & Energy Insights, a monthly update of current trends in environment and energy law. This month we cover: - EPR laws, including how they can shift the cost of...more

Latham & Watkins LLP

UK Government Publishes 2035 Industrial Strategy to Drive Green Growth and Innovation

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On 17 October 2024, the UK government published “Invest 2035: the UK’s modern industrial strategy” (the strategy) for public consultation. The strategy sets out a 10-year roadmap based on goals including driving economic...more

Eversheds Sutherland (US) LLP

2024 US Presidential Election: Shaping AI regulation and ESG policies

With one presidential candidate more inclined toward robust regulation and the other more inclined to loosen regulatory requirements, the outcome of the 2024 US election will significantly influence the direction of AI...more

Morgan Lewis - Tech & Sourcing

Infrastructure of the Future The Impact of AI and the Cloud

Artificial intelligence (AI) is top of mind for all businesses looking to grow. Economic researchers point to AI as a key factor to boost the economy, and believe that AI could result in billions, if not trillions, of dollars...more

BakerHostetler

[Event] Protecting the International Project from Catastrophe - November 12th, Houston, TX

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Avoiding Risk and Responding to It - You are cordially invited to a panel discussion with industry leaders from the energy sector, hosted by BakerHostetler's Energy, International Trade and International Arbitration and...more

Allen Matkins

Renewable Energy Update 10.24.24

Allen Matkins on

The Biden administration is proposing to speed up the process of approving geothermal energy projects by exempting them from early-stage environmental reviews....more

Holland & Knight LLP

Treasury Department, IRS Release Section 45X Advanced Manufacturing Production Credit Final Regulations

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The U.S. Department of the Treasury and IRS on Oct. 24, 2024, released Final Regulations regarding the Section 45X Advanced Manufacturing Production Credit of the Internal Revenue Code. The Final Regulations are effective 60...more

BCLP

CCUS 2024 Conference: Points to Note

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The CCUS 2024 conference, “Capturing a Net Zero Future”, held in London on 15 and 16 October, provided a space for developers, policymakers, financiers, investors and industry experts to discuss the latest advancements and...more

Bradley Arant Boult Cummings LLP

11th Circuit Confirms International Arbitration Award in Guatemalan Hydropower Project Dispute

Last week, the 11th Circuit Court of Appeals confirmed an international arbitration award in a case involving a failed hydroelectric project in Guatemala. The project involved an Engineering, Procurement, and Construction...more

Eversheds Sutherland (US) LLP

Clarifying the federal tax classification of wholly owned tribal entities and the mechanics of the Section 6417 election for such...

On October 7, 2024, the Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued proposed regulations (Proposed Regulations) clarifying the federal tax classification of certain entities wholly owned by...more

Bradley Arant Boult Cummings LLP

Solar Industry Group Releases New Standard for Solar Supply Chain Transparency

The Solar Energy Industries Association (SEIA), a leading solar industry group, recently published a new supply chain traceability standard, Standard 101, for public comment. The standard is intended to provide “a rubric that...more

Mayer Brown

FERC Ends Reactive Power Compensation

Mayer Brown on

On October 17, 2024, the Federal Energy Regulatory Commission (FERC) issued Order No. 904, Compensation for Reactive Power Within the Standard Power Factor Range (the “Final Rule”), determining it unjust and unreasonable for...more

Goldberg Segalla

What’s Next For NEPA?

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The U.S. Supreme Court last week scheduled oral arguments for December 10 in Seven County Infrastructure Coalition v. Eagle County, a highly anticipated case that focuses on whether a federal agency should be required to...more

Allen Matkins

California Increases Fines for Unauthorized Water Diversions and Uses

Allen Matkins on

As California prepares for future cycles of water scarcity, the Legislature continues to prioritize enhancing regulations to address critical water supply needs, secure the rights of diverse water holders, and protect...more

Morgan Lewis - Power & Pipes

FERC Takes Final Action on Backstop Transmission Siting Rule

Earlier this year, the Federal Energy Regulatory Commission (FERC or the Commission) issued Order 1977 to address its limited backstop siting authority for electric transmission lines. On October 17, 2024, FERC issued Order...more

Holland & Knight LLP

Taxonomía Sostenible de México, sistema de clasificación y guía de actividades sostenibles

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La Secretaría de Hacienda y Crédito Público el 16 de marzo de 2023, publicó la primera edición del reporte de Taxonomía Sostenible de México (la taxonomía). La taxonomía no constituye un documento regulatorio con carácter...more

Cadwalader, Wickersham & Taft LLP

Charging Ahead or Stalling Out? Clean Energy Credits Await Key Guidance

The Inflation Reduction Act of 2022 (the “IRA”) allows firms to develop and sell clean energy tax credits. In our last update, available here, we discussed the release of the long-awaited guidance package on the new...more

Manatt, Phelps & Phillips, LLP

California Proposes Expansion of Fees and Obligations for Hazardous Waste Handlers

On October 17, 2024, the California Department of Toxic Substances Control (DTSC) held a workshop discussing proposed draft emergency regulations that would broadly affect all “handlers” of hazardous waste in the state with...more

Latham & Watkins LLP

Battery Storage: Accelerating Germany’s Transition to Renewable Energy

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Germany is making progress in its transition to renewable energy: In the first half of 2024, 61.5% of electricity was generated from renewable sources, according to the Federal Statistical Office. In the same period of the...more

DLA Piper

Navigating Clean Energy Tax Credits in Climate Tech Venture Lending

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Changes to the tax code have made it easier to monetize renewable energy tax credits, attracting interest from emerging growth companies looking to bolster their balance sheets amid the slowdown in venture capital funding....more

Womble Bond Dickinson

Can Republicans Repeal the Inflation Reduction Act (IRA)?

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With less than two weeks to go until the historic 2024 election, we take a closer look at the Inflation Reduction Act (IRA) and consider its possible fate following the high stakes 2024 Presidential Election. ...more

Polsinelli

DOJ Indictment Signals Increasing Scrutiny of Carbon Credits

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On October 2, 2024, the U.S. Department of Justice indicted Kenneth Newcombe and Tridip Goswami, two former executives at CQC Impact Investors LLC ("CQC"), for allegedly selling fraudulent carbon offset credits to private...more

Vinson & Elkins LLP

FERC Issues Order on Remand for Transmission Return on Equity Methodology, but Leaves the Door Open for Future Challenges

Vinson & Elkins LLP on

On October 17, 2024, the Federal Energy Regulatory Commission (“FERC” or the “Commission”) issued an Order on Remand (the “Order”) following the D.C. Circuit’s August 2022 decision in MISO Transmission Owners v. FERC,...more

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