On January 19, 2021, FERC issued a Notice of Inquiry (“NOI”) seeking comments on the appropriate accounting and reporting treatment for certain renewable energy assets and for the purchase, generation and use of renewable energy credits (“REC”). Specifically, FERC requested
Energy
Richard Glick Named FERC Chairman
On January 21, 2021, President Biden named Richard Glick as the new FERC Chairman. Chairman Glick joined FERC as a Commissioner in 2017. He previously served as general counsel to the Democrats on the Senate Energy and Natural Resources Committee…
FERC Rejects NERC’s Proposal to Replace Its Audit Process and Directs NERC to Conduct Audits of Regional Entities; Proposes that NERC Submit 3-year Performance Assessments
On January 19, 2021 FERC issued an order on the North American Electric Reliability Corporation’s (“NERC”) compliance filings submitted pursuant to the Commission’s January 2020 order on NERC’s five-year performance assessment. FERC’s January 19 order approved NERC’s proposed modifications to…
FERC Directs Informational Reports on Hybrid Resources from RTOs and ISOs Following Technical Conference
On January 19, 2021, FERC directed Regional Transmission Organizations (“RTOs”) and Independent System Operators (“ISOs”) to submit informational reports regarding four hybrid resources issues: (1) terminology; (2) interconnection; (3) market participation; and (4) capacity valuation. Specifically, FERC directed that each…
WEBINAR: Wind, Solar & Beyond – The Infocast Webinar Series
On Thursday, Feb. 11 at 10:00 – 11:30 a.m. PST, Greenberg Traurig Global Head of Energy Project Finance Jeff Chester will kick off Infocast’s Wind, Solar & Beyond webinar series with his annual review of wind power market economics and…
FERC Seeks Further Comment Regarding Pipelines Initiating Construction While Rehearing is Pending
The FERC today issued Order No. 871-A, seeking further comment on modifications last summer to its regulations under Natural Gas Act Sections 3 and 7 that prohibited initiating pipeline construction, pending timely filing of any rehearing request, or a rehearing…
Resurrecting Federal “Backstop Siting” Authority for Interstate Transmission
Recently certain policy advocates have suggested that the Federal Energy Regulatory Commission (FERC) should attempt to revitalize the Federal Power Act Section 216 “backstop siting” authority as a means of addressing climate change. Their objective is to facilitate the construction…
Make a U-Turn and then Full Speed Ahead: Clean Air
Within hours after being sworn into office, President Joe Biden signed an executive order (“EO”) that teed up a slew of clean air issues as top environmental priorities. The Biden administration signaled its plan to unwind four years of environmental…
Considering ESG? Three Ways Lawyers Can Help
A recent poll, conducted by the Harvard Law School Forum on Corporate Governance, found that interest in ESG ratings—that is, an organization’s performance on environmental, social, and governance measures—is rising among asset managers and the broader financial community against…
FERC Considers Whether to Modify Accounting System for Renewables
Through a Notice of Inquiry (“Notice”)[1] approved at its January 19, 2021 open meeting, the Federal Energy Regulatory Commission (“FERC”) asked whether its Uniform System of Accounts (individually, an “Account,” and for more than one, “Accounts”) should be modified…