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On March 19, 2024, the North American Electric Reliability Corporation (“NERC”) asked the Federal Energy Regulatory Commission (“FERC”) to approve revisions to NERC’s Rules of Procedure (“ROP”) that would require certain small (over 20 MVA) inverter-based resources (“IBRs”) – like solar and wind power generators – to register with NERC, and eventually be subject to existing and new reliability standards applicable to larger IBRs.

In a key development relating to the Corporate Transparency Act (the “CTA”), on March 1, 2024, U.S. District Judge Liles C. Burke of the Northern District of Alabama issued a memorandum opinion and final judgment ruling the CTA unconstitutional on the grounds that it exceeds the Constitution’s limits on Congress’ power.

Global air travel traffic (measured in revenue per kilometers (RPKs)) begins 2024 in line with pre-COVID highs.

On November 27, 2023, the New York State Department of Financial Services (“DFS”) and First American Title Insurance Company (“First American”) entered into a consent order¹ that resolved litigation over First American’s cybersecurity practices.

We have recently seen an increase in audits by the Federal Energy Regulatory Commission’s (“FERC”) Office of Enforcement (“OE”) that take issue with the way electric utilities and interstate natural gas pipelines allocate overhead costs to construction projects.

Vinson & Elkins attorneys discussed commercial real estate loan workouts and amendments: the path most often taken by commercial real estate lenders in 2023 when a borrower is facing a default.

On October 30, 2023, President Biden issued an Executive Order (“Order”) that drastically increased the U.S. government’s engagement with artificial intelligence (“AI”).

On October 10, 2023, the Securities and Exchange Commission (“SEC”) adopted amendments to the rules governing beneficial ownership reporting under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934 (the “Exchange Act”).

Large partnerships are facing a sea change in tax enforcement.

In advance of its September 8, 2023 board meeting, the California Privacy Protection Agency (“CPPA”), the state’s privacy regulatory body, has unveiled draft regulations that could significantly impact cybersecurity protocols, artificial intelligence (“AI”), and automated decision-making practices.

In a concerted effort to meet the Biden administration’s aggressive carbon-reduction goals, the Department of Energy (“DOE”) unveiled a pre-publication copy of a forthcoming proposed rule on August 10, 2023, aimed at fast-tracking the development of high-voltage electric transmission facilities.

In this Technology Series webinar, the V&E team discussed the current and future impact and implications of the Video Privacy Protection Act.