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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.

On November 7, 2023, Texas voters approved a constitutional amendment creating the Texas Energy Fund (“TEF”).

John Jannarone, Editor-in-Chief of PE Edge, interviews Jeffrey Jakubiak, partner at Vinson & Elkins, at the New York Stock Exchange.

Over the past few years, the Federal Energy Regulatory Commission (“FERC” or the “Commission”) and the Department of Energy (“DOE”) have proposed many rules to support the Biden Administration’s push to build transmission infrastructure to ensure reliability and support new sources of generation.

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.

On Tuesday, November 7, 2023, Texas voters approved Proposition 7, a constitutional amendment creating the Texas Energy Fund (“TEF”).

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.

On May 12, 2023, the Department of the Treasury and Internal Revenue Service issued Notice 2023-38 (the “Notice”), providing guidance on the rules taxpayers must satisfy to qualify for the domestic content bonus credit (the “Domestic Content Bonus”) available under sections 45 and 48 of the Internal Revenue Code of 1986, as amended (the “Code”), for “qualified facilities” or “energy projects” placed in service after December 31, 2022, and under Code sections 45Y and 48E for “qualified facilities” or “energy storage projects” placed in service after December 31, 2024 (collectively, the “DC Projects”).

As Texas positions itself to become the world’s newest bitcoin mining hub, the Electric Reliability Council of Texas (“ERCOT”) has recently taken actions that may stall the integration of new cryptocurrency mining operations within the state.

On April 21, 2022, the Federal Energy Regulatory Commission (“FERC” or “Commission”) issued a Notice of Proposed Rulemaking (“NOPR”) aimed at reforming long-term regional transmission planning.

On November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act, better known as the “Bipartisan Infrastructure Bill,” into law during a ceremony at the White House.