FERC has issued a Notice of Proposed Rulemaking (NOPR) that would substantially reduce the regulatory burdens placed on energy project developers that construct generator lead lines (gen-tie lines) to interconnect their projects to the grid.
Energy Projects
FERC Issues Proposal To Ease Regulation Of Gen-Tie Lines
By Kurt Rempe | Foley & Lardner LLPSign up and get Breaking Energy news in your inbox.
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The projections as to the near- and medium-term future of oil and gas prices are mixed – to say the least. Irrespective of the direction prices ultimately go, industry is faced with significant uncertainty and companies in all industry sectors are evaluating their businesses and how they can best manage the uncertainty.
Energy Tax Alert: Congress Extends Renewable Energy Credits
By Chris Heuer, Greg Jenner, Carl Lewis, Kevin Pearson | STOEL RIVES LLP
Congress this week passed the Tax Increase Prevention Act of 2014, which extends a number of expired or expiring tax provisions through the end of 2014. The President is expected to sign the Act soon. The Act renews several energy-related tax provisions, including the production tax credit under Section 45 of the Internal Revenue Code (PTC) for certain renewable energy facilities. In the case of wind, geothermal, landfill gas, trash, marine, and hydrokinetic facilities and certain closed-loop biomass, open-loop biomass, and qualified hydropower facilities, a taxpayer will be eligible to claim the PTC if construction begins before January 1, 2015. The Act also extends Section 48(a)(5)(C), which allows a taxpayer to claim the investment tax credit in lieu of the PTC with respect to the facilities listed above if construction begins before January 1, 2015.
Property Assessed Clean Energy (PACE) loans allow property owners to finance clean energy improvements to their properties generally secured by property liens senior to mortgages through tax assessments. Moody’s recently released a special comment expressing some concerns and not-so-subtle hints that it thinks that lenders and securitizers should take PACE programs seriously.
