SFC ranking member Wyden and 25 other Democrats (including minority leader Schumer) introduced tech-neutral energy legislation this week. The bill includes energy storage provisions. Following is a summary followed by summaries pertaining to energy storage. The legislation would consolidate 44 energy incentives into three tech-neutral provisions to promote energy independence and a low-carbon economy. All of the original co-sponsors are Democrats. The roll out of the legislation was accompanied by supporting statements from about a dozen supporting organizations.Read More
Yesterday, the Treasury Department rolled out proposed Opportunity Zone (“OZ”) regulations (the “Proposed Regulations”) and President Trump noted the progress made by his Opportunity and Revitalization Council to eliminate barriers to OZ investments. The administration is clearly all in on maximizing the number of businesses and projects that will qualify for OZ benefits.Read More
By Eric Niller of Wired
On June 1, 2019 the Pilgrim nuclear plant in Massachusetts will shut down, a victim of rising costs and a technology that is struggling to remain economically viable in the United States. But the electricity generated by the aging nuclear station soon will be replaced by another carbon-free source: a fleet of 84 offshore wind turbines rising nearly 650 feet above the ocean’s surface.
In this article from Wired, K&L Gates partner and Practice Group Coordinator for power David Hattery discusses how in recent years, wind turbines and their technologies have become more palatable, and therefore are more accessible, to communities. Because of this, turbines are able to generate more power than ever.
Click here to read the full article.
Version 4.0 Now Available!
This Energy Storage Handbook (Handbook) is designed to be a basic primer on what energy storage is, how it is regulated by federal and state governments, and what sorts of issues are encountered when such projects are financed and developed. While this Handbook is not meant to be a definitive catalog of every energy storage law and issue existing in today’s marketplace, we have endeavored to highlight the most common regulatory and development issues faced by our clients and the industries that we serve. We anticipate continuing to update this Handbook as additional states and stakeholders continue to address the implementation of energy storage resources in the marketplace.
We hope you find it useful and welcome your feedback.Read More
K&L Gates is proud to sponsor the Energy Storage Association’s 29th Annual Conference and Expo
K&L Gates welcomes you to join us at #ESACon19. We are excited to have the opportunity to meet with you at this renowned conference and expo. The conference will be held on April 16-18, 2019 at the Phoenix Convention Center in Phoenix, AZ.Read More
K&L Gates is pleased to participate in Law Seminars International’s upcoming Energy Storage Conference. K&L Gates’ Portland partner, Bill Holmes, will act as event Co-Chair and Washington DC partner William Keyser will present on “Federal level: FERC Order 841 implementation and other developments in Congress, at the FERC, and at the DOE.”Read More
K&L Gates welcomes you to join us at the Infocast Wind Power Finance & Investment Summit. As a Gold Sponsor for the Summit, we are excited to have the opportunity to meet with you! The conference will be held on February 5-7 at the Omni La Costa Resort and Spa in San Diego, CA.
K&L Gates Highlights
- Portland partner Bill Holmes will serve as the Master of Ceremonies for the Summit.
- Stop by table 21 at the Exhibit Hall to meet our team and pick up a hard copy of our Offshore Wind Handbook.
- We will also have copies of the third edition of our very popular K&L Gates Energy Storage Handbook.
We look forward to seeing you!
February 5-7, 2019, Omni La Costa Resort & Spa, San Diego, CA
K&L Gates is proud to sponsor the 2019 Infocast Wind Power Finance & Investment Summit. The Summit is widely recognized as the leading gathering place for wind industry deal makers. Each year, the industry’s leading developers, investors, lenders, turbine suppliers, EPCs and other players gather to gain valuable insights into industry trends, get the latest market update on the finance and investment landscape, and efficiently schedule rounds of private meetings.
Bill Holmes will serve as the Master of Ceremonies for the conference.
We are pleased to offer clients and friends a 15% discount off of registration. Please contact Lauren Hagerich at email@example.com for more information..
We hope to see you there!
On December 20, 2018, the Federal Energy Regulatory Commission (FERC) announced a Notice of Proposed Rule Making (NOPR) designed to simplify the horizontal market power analysis necessary for electric power sellers to secure market-based rate authority in some wholesale power markets. Specifically, the NOPR eliminates the need to perform two indicative screens (the pivotal supplier screen and the wholesale market share screen) in capacity markets and wholesale power markets already subject to Commission-approved monitoring and mitigation rules. Notably, the Southwest Power Pool and California Independent System Operator wholesale markets are not subject to these monitoring and mitigation rules, so parties seeking market-based rate authority to sell capacity in those markets must still perform the two indicative screens. This simplification will relieve the added procedural burden of administering the indicative screens for parties seeking market-based rate authority in the other FERC-regulated markets.
The NOPR also proposes to remove the presumption that market monitoring or mitigation measures will adequately address indicative screen failures in organized wholesale power markets where the grid operator does not administer a capacity market. Rather, the NOPR proposes that in the event of an indicative screen failure in those markets, applicants submit a delivered-price test or other evidence demonstrating a lack of horizontal market power or that the applicant propose other mitigation for capacity sales in those markets.
K&L Gates attorneys will continue to monitor these developments and assist our clients navigating compliance with FERC rules and regulations.