Global Power Law & Policy

Legal and Policy Developments Affecting the Global Power Industry.

 

1
THE ENERGIZER – VOLUME 48
2
RENEWS SOUTHEAST – VOLUME 4
3
Bill Holmes Named Top 5 Twitter Influencers in Energy Law
4
The Energizer – Volume 47
5
Webinar: Energy Storage project development: An Overview of key policy, finance & development issues with K&L Gates
6
The Energizer – Volume 46
7
ReNEWS Southeast – Volume 1
8
The Energizer – Volume 45
9
CFTC Proposes Amendments to Swap Data Reporting Requirements
10
The Energizer – Volume 44

THE ENERGIZER – VOLUME 48

A biweekly update on blockchain technology applications, distributed energy resources, and other innovative technologies in the energy sector.

By: Buck B. EndemannBenjamin L. TejblumDaniel S. CohenToks A. ArowojoluOlivia B. MoraAbraham F. Johns

There is a lot of buzz around blockchain technology, distributed energy resources (“DERs”), microgrids, and other technological innovations in the energy industry. As these innovations develop, energy markets will undergo substantial changes to which consumer and industry participants alike will need to adapt and leverage. Every other week, K&L Gates’ The Energizer will highlight emerging issues or stories relating to the use of blockchain technology, DERs, and other innovations driving the energy industry forward. To subscribe to the Energizer, please click here.

On Wednesday, July 24, Energizer author Buck Endemann will be speaking at the Mid-C Seminar in Wenatchee, Washington on “Blockchain & Energy – The Current State of Supply and Demand.”  Have a perspective to share?  A development that we missed?  Please email Buck or any of the author Energizer authors to share!

IN THIS ISSUE:

  • New York Allocates $55 Million for Long Island Energy Storage.
  • Shell Invests in Clean Energy Blockchain-Based Platform LO3 Energy
  • Electric Car Owners in Tucson Receive Newly Approved Rates

To view more information on these topics in Volume 47 of The Energizer, click here.

RENEWS SOUTHEAST – VOLUME 4

K&L Gates reports on the latest renewable energy policies and activities in the southeastern United States

By Kenneth J. GishWilliam M. KeyserAbraham F. JohnsOlivia B. Mora, and Laura B. Truesdale

K&L Gates’ ReNEWS Southeast is a periodic bulletin that will track key developments in renewable energy policy, activities, and technologies that are driving the industry forward.

IN THIS ISSUE:

  • Dominion Energy Breaks Ground on Virginia’s First Offshore Wind Installation
  • Duke Energy Hits Milestone of 1GW of Owned Solar Energy
  • Offshore Wind Areas Examined Off East Coast from Virginia to South Carolina
  • North Carolina Legislature Drops Ban on Wind Projects

View more details of Volume 4 by clicking here.

The Energizer – Volume 47

A biweekly update on blockchain technology applications, distributed energy resources, and other innovative technologies in the energy sector.

By: Buck B. Endemann, Benjamin L. Tejblum, Daniel S. Cohen, Toks A. Arowojolu, Olivia B. Mora, Abraham F. Johns

There is a lot of buzz around blockchain technology, distributed energy resources (“DERs”), microgrids, and other technological innovations in the energy industry. As these innovations develop, energy markets will undergo substantial changes to which consumer and industry participants alike will need to adapt and leverage. Every other week, K&L Gates’ The Energizer will highlight emerging issues or stories relating to the use of blockchain technology, DERs, and other innovations driving the energy industry forward. To subscribe to the Energizer, please click here.

IN THIS ISSUE

  • Puerto Rico Introduces “MiniGrids” to Improve Grid Resilience.
  • New Jersey Becomes the Latest State to Commit to 100% Clean Energy.
  • KEPCO to Lead a Blockchain-based Renewable Energy Certificates Trading Platform Pilot Program.
  • U.S. Department of Energy Assigns Energy Security Grant to XAGE.
  • PPL Electric Earns Award for its DER Management System.

To view more information on these topics in Volume 47 of The Energizer, click here.

Webinar: Energy Storage project development: An Overview of key policy, finance & development issues with K&L Gates

Join Energy Toolbase and K&L Gates for a webinar on Wednesday, June 19, 2019 at 2:00pm EDT.

Webinar topics will include:

1) Key BTM energy storage policy issues (update on the current ITC legislation for energy storage, federal tax & depreciation, utility revenue streams/aggregation, FERC 841)

2) Development issues affecting BTM energy storage projects (EPC agreements, interconnection, insurance, common development hurdles)

3) Financing & monetizing energy storage projects (capacity service agreements, operating leases, PPA’s, shared savings, project financing risks)

4) How to configure & model different storage incentives in Energy Toolbase

5) How to configure & model different storage financing transactions in Energy Toolbase

K&L Gates attorneys Buck Endemann, Elizabeth Crouse, and Jim Wrathall will be participating in this webinar, along with with Energy Toolbase COO, Adam Gerza.

To register, please click here.

The Energizer – Volume 46

A biweekly update on blockchain technology applications, distributed energy resources, and other innovative technologies in the energy sector.

By: Buck B. EndemannBenjamin L. TejblumDaniel S. CohenToks A. ArowojoluOlivia B. MoraAbraham F. Johns

There is a lot of buzz around blockchain technology, distributed energy resources (“DERs”), microgrids, and other technological innovations in the energy industry. As these innovations develop, energy markets will undergo substantial changes to which consumer and industry participants alike will need to adapt and leverage. Every other week, K&L Gates’ The Energizer will highlight emerging issues or stories relating to the use of blockchain technology, DERs, and other innovations driving the energy industry forward. To subscribe to the Energizer, please click here.

IN THIS ISSUE

  • United States to Become the Largest Grid-Connected Energy Storage Market in the World
  • Utah Storage Project to Be Largest Renewable Storage Project in the United States
  • Texas Legislature Passes Three Grid-Protection Bills
  • Lyft Offers EV Drivers Free Charging In Portland
  • Toyota Explores Blockchain P2P Trading in Japan

To view more information on these topics in Volume 46, click here.

ReNEWS Southeast – Volume 1

K&L Gates reports on the latest renewable energy policies and activities in the southeastern United States

By Kenneth J. Gish, William M. Keyser, Abraham F. Johns, Olivia B. Mora, and Laura B. Truesdale

Welcome to the inaugural edition of ReNEWS Southeast!

K&L Gates’ ReNEWS Southeast is a periodic bulletin that will track key developments in renewable energy policy, activities, and technologies that are driving the industry forward.

IN THIS ISSUE:

  • Southeastern States See Large Year-Over-Year Increase in Renewable Output
  • Florida PSC Approves TECO Solar Tariff
  • Installation Set to Begin on United States’ Second Offshore Wind Project
  • Large Solar Farm Set to Open in South Carolina
  • Offshore Wind Turbine Components Could Eventually Be Manufactured in North Carolina
  • North Carolina Allows Duke Energy to Implement Cutting-Edge Microgrid Project, and State Receives Large Commitment of Solar Farm From Novo Nordisk
  • South Carolina Solar Law Eliminates 2% Net Metering Cap Along With Other Solar Advancements
  • Power Is on at Tennessee’s Largest Solar Development

To view more information on these topics in Volume 1 of ReNEWS Southeast, click here.

The Energizer – Volume 45

A biweekly update on blockchain technology applications, distributed energy resources, and other innovative technologies in the energy sector.

By: Buck B. Endemann, Benjamin L. Tejblum, Daniel S. Cohen, Toks A. Arowojolu, Olivia B. Mora, Abraham F. Johns

There is a lot of buzz around blockchain technology, distributed energy resources (“DERs”), microgrids, and other technological innovations in the energy industry. As these innovations develop, energy markets will undergo substantial changes to which consumer and industry participants alike will need to adapt and leverage. Every other week, K&L Gates’ The Energizer will highlight emerging issues or stories relating to the use of blockchain technology, DERs, and other innovations driving the energy industry forward. To subscribe to the Energizer, please click here.

IN THIS ISSUE

  • CAISO Adds Flow Battery Technology to Grid.
  • ENGIE North America Acquires DER Startup Genbright, LLC.
  • FERC Denies Requests to Rehear Order 841.
  • NY Public Service Commission Continues Enhancing Distributed Energy Resources Mechanisms.
  • ABB and Evolvere Initiate Blockchain Pilot Program for Energy Sector.

To view more information on these topics in Volume 45 of The Energizer, click here.

CFTC Proposes Amendments to Swap Data Reporting Requirements

By: Lawrence B. Patent

Sellers under virtual power purchase agreements often agree to assume the duty to report the swap transactions contemplated by those agreements. Parties acting as reporting parties for Dodd-Frank purposes will be interested in the Roadmap to Achieve High Quality Swap Data (“Roadmap”) rulemakings currently under way at the Commodity Futures Trading Commission (“CFTC”).

As part of the Roadmap proceedings, the CFTC recently published proposed amendments to its regulations governing swap data reporting requirements and swap data repositories (“SDR”). 84 Fed. Reg. 21044 (May 13, 2019). Among other changes, the proposals would require an SDR to distribute to each reporting counterparty on a regular basis an “open swaps report” detailing the swap data maintained by the SDR for all open swaps, organized by the unique identifier created for each swap. SDRs would be required to distribute the open swaps reports to non-swap dealer (“non-SD”) reporting counterparties, which would encompass most energy firms acting as a reporting counterparty, on a monthly basis, no later than the end of the day Eastern Time on the day of the month that the SDR chooses to regularly distribute the reports. The reporting counterparty would then be required to compare its books and records against the report to determine if the swap data that the SDR maintains is complete and accurate. A non-SD reporting counterparty would be required to submit either a verification of data accuracy or a notice of discrepancy within 96 hours of the SDR providing the open swaps report. This would be a change from the current regulatory framework that is based on the concept of negative affirmation, whereby reported swap data is presumed accurate and confirmed if a counterparty does not inform the SDR of errors or omissions or otherwise make modifications to a trade record within a specified time period under SDR rules.

If a notice of discrepancy were filed, the error or omission must be corrected within three business days of that notice filing. The current regulations require that an error or omission be corrected “as soon as technologically practicable” following discovery, but the proposals would reinforce that requirement with the three-business-day time frame. If that three-business-day time frame cannot be met, the reporting party would be required immediately to inform the Director of the CFTC’s Division of Market Oversight, or the Director’s designee, in writing, of such errors or omissions and provide an initial assessment of the scope of the errors or omissions and an initial remediation plan for their correction.

The requirements for correcting errors or omissions would apply to both swap data required by Part 45 of the CFTC’s regulations (creation and continuation data) and to swap transaction and pricing data required by Part 43 of the CFTC’s regulations. However, the open swaps report provision would only apply to the former, although the preamble of the notice announcing the proposed amendments specifically requests comment on whether that report should also cover swap transaction and pricing data.

The CFTC also states in the preamble that it expects that a reporting counterparty that repeatedly discovers errors or omissions, especially if they follow a pattern, would evaluate its reporting systems to discover and correct any issues. This would include working with the relevant SDR to address any reporting issues. The CFTC further notes that it may consider a reporting counterparty that fails to perform such an evaluation and improvement in light of repeated errors not to be in compliance with the regulations.

The proposed amendments, which are available here, are part of the CFTC’s Roadmap, and constitute the first of three anticipated Roadmap rulemakings. The comment period on these proposed amendments closes July 29, 2019. When the CFTC proposes the next two rulemakings, it anticipates re-opening the comment period for this first proposal to provide market participants with an opportunity to comment collectively on the three rulemakings together. The CFTC also anticipates that key provisions of each rulemaking would have the same compliance date, regardless of when each rulemaking is adopted in final form. The CFTC intends to provide a sufficient implementation period for these various rulemakings to give SDRs and market participants enough time to implement and test the changes that would be required.

The Energizer – Volume 44

A biweekly update on blockchain technology applications, distributed energy resources, and other innovative technologies in the energy sector.

By: Buck B. EndemannBenjamin L. TejblumDaniel S. CohenToks A. ArowojoluOlivia B. MoraAbraham F. Johns

There is a lot of buzz around blockchain technology, distributed energy resources (“DERs”), microgrids, and other technological innovations in the energy industry. As these innovations develop, energy markets will undergo substantial changes to which consumer and industry participants alike will need to adapt and leverage. Every other week, K&L Gates’ The Energizer will highlight emerging issues or stories relating to the use of blockchain technology, DERs, and other innovations driving the energy industry forward.

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