Inside Energy

Subscribe to all posts by Inside Energy

Risk and Reward in the UKCS: Recent Positive Development

  Our Risk and Reward in the United Kingdom Continental Shelf (“UKCS”) series has reported on the challenging times recently faced by the UKCS oil and gas industry.  The past week has seen positive developments in the form of newly awarded exploration licences and the first modest improvement in the industry’s quarterly outlook since 2013. … Continue Reading

DLA Energy Plans to Make Utility Privatizations More Effective and Streamlined

Last week the Defense Logistics Agency (DLA) Energy issued a statement on DLA’s website about its plan to “increase the productivity, efficiency and effectiveness of [the] Air Force’s utility services contracts” – a plan that dovetails with the Department of Defense’s (DOD) Better Buying Power 3.0 initiative (BBP 3.0).  This should be good news for utility … Continue Reading

Risk and Reward in the UK Continental Shelf: Key Developments in Q1 2015

Our 2014 series on risk and reward in the UK Continental Shelf (UKCS) outlined the challenges being faced by the UKCS oil and gas industry to remain competitive. A consistent theme emerging from industry stakeholders is that significant fiscal and regulatory reform is required to secure the industry’s long-term future. This post highlights key fiscal … Continue Reading

The Future of the EU Energy Union and Energy Charter Treaty

On 6 February 2015, the Energy Union Conference in Riga, Latvia (the “Conference”), signalled the start of the Riga Process towards forming the key dimensions and actions of the new EU Energy Union (the “Energy Union”). During the Conference, the Secretariat General of the Energy Charter Treaty[1] spoke of its relevance to the Energy Union. … Continue Reading

Geothermal Power in East Africa

Last week, London-based firm EnergyNet held its “Powering Africa Summit” in Washington.  The Summit, opened by U.S. Secretary of Energy Moniz, attracted project developers, equipment suppliers, financiers, the U.S. Government’s Power Africa team, and African government officials.  Unfortunately, due to the African Union Summit that was being held at the same time in Ethiopia, no minister … Continue Reading

Regulated Utilities Push into Residential Solar Market

Residential rooftop solar energy continues to expand at a rapid pace in many states. This growing market dynamic is affecting the business model of traditional electric utilities. Some utilities have sought to impose obstacles to the growth of competing solar rooftop providers, citing concern that as more homes produce their own electricity, the corresponding loss … Continue Reading

UK Parliament Announces Tighter Planning Guidance for Onshore Oil and Gas Applications

In the first blog of this two-part series, we considered the potential impact of the 14th Round on the commercialisation of the shale gas in the UK in light of recent developments in this industry. This second blog post focusses on the additional planning guidance for licence applications in National Parks, Areas of Outstanding Natural … Continue Reading

CFTC Commissioner O’Malia Resigns from the CFTC to join ISDA

On Monday, July 21, CFTC Commissioner Scott D. O’Malia announced his resignation from the Commission as of August 8, 2014.  On July 23, the International Swaps and Derivatives Association (ISDA) announced that Mr. O’Malia was appointed chief executive officer and a director of ISDA.  See Scott O’Malia Appointed Chief Executive Officer of International Swaps and … Continue Reading

Commerce Department Clarifies Requirements for Exporting Condensate Oil

In a determination rendered last week, the Commerce Department provided guidance to two companies on the application of export controls to processed  condensate  that could mark a potential thaw in the long-standing ban on exports of crude oil. Condensate is an ultra-light oil that has seen increasing domestic development alongside the recent boom in shale … Continue Reading

Senate Confirms New CFTC Commissioners

On Tuesday, June 3, the Senate approved the nominations of Timothy Massad to be Chairman of the CFTC and Christopher Giancarlo and Sharon Bowen to be Commissioners of the CFTC.  Messrs. Massad’s and Giancarlo’s nominations were approved by voice vote.  Ms. Bowen’s nomination, however, was more controversial as demonstrated by its approval by a recorded … Continue Reading

Federal Court Upholds Colorado Renewable Energy Portfolio Law

A Colorado federal district court Friday rejected a constitutional challenge to the state’s renewable energy portfolio law, concluding that it did not impose an impermissible burden on interstate commerce. Thirty states and the District of Columbia have enacted renewable portfolio standards, which typically require that a specified percentage of energy supplied by state utilities derive from … Continue Reading

Potential CFTC Regulatory Changes for Energy Market Participants Highlighted by Commissioner Scott O’Malia

At a recent speech at an energy industry conference CFTC Commissioner Scott D. O’Malia highlighted energy market participant concerns with the CFTC’s Dodd-Frank Rulemakings.  These concerns indicate potential regulatory changes at the CFTC that could impact energy market participants. Commissioner O’Malia noted that the CFTC must re-visit the swap dealer definition rule to “establish a … Continue Reading

FERC and CFTC Launch Information Sharing MOU

Earlier this year, the CFTC and FERC announced an information sharing Memorandum of Understanding (MOU) between the two agencies. The agencies have now announced that they have begun sharing market data pursuant to this MOU.  In addition, they have created an Interagency Surveillance and Data Analytics Working Group “to coordinate information sharing between the agencies … Continue Reading

Third Circuit Upholds FERC Order Approving PJM Tariff Targeting State Generation Capacity Subsidies

In the latest salvo in an ongoing controversy over state efforts to subsidize local generation capacity development, the Third Circuit in New Jersey Board of Public Utilities v. FERC upheld a final FERC order approving a PJM Interconnection tariff governing its wholesale capacity market.  The court denied appeals by the New Jersey and Maryland utility … Continue Reading

Proposed Rules Requiring Carbon Capture at New Coal Power Plants Would Nearly Double Costs

Carbon dioxide (CO2) capture and storage (CCS) technologies, used for decades in industries that could produce revenue from the use of CO2 to offset the high costs, have more recently come to the forefront of clean energy policy as a way to reduce CO2 emissions from new and existing coal-fired power plants. In 2013, President … Continue Reading

The UK Government pledges to cut green taxes, but at what cost to gas and electricity suppliers?

Governments globally are grappling with difficult decisions about green energy policies: maintain green initiatives or remove the strains on economic growth? It is interesting to look across the globe for examples of how different Governments are reacting. In recent months, the UK has opted to “tweak” its green levies to save households an anticipated average … Continue Reading

EPA Approves Texas Clean Air Act SIP

After years of controversy, EPA has announced it is planning to approve Texas’ Clean Air Act State Implementation Plan (SIP).  EPA had previously rejected Texas’ SIP, contending that is program was incompatible with federal requirements.  In particular, Texas objected to EPA’s requirement that they install a permitting regime for Greenhouse Gas (GHG) emissions. However, in … Continue Reading

Law360 Names Covington “Energy Practice Group of the Year”

Here at Inside Energy & Environment we are honored to share that Law360 has named Covington’s energy practice as a 2013 “Energy Practice Group of the Year.”  In giving this award, Law360 recognized the breadth of Covington’s practice capabilities (including litigation, transactions, regulatory and government policy) in both the traditional energy and clean energy sectors, … Continue Reading

California Issues New Interim Fracking Regulations

California’s Division of Oil, Gas, and Geothermal Resources just issued final interim regulations (effective January 1, 2014) to implement California’s new fracking statute (SB 4), with permanent rules to follow by January 2015.  For an overview of the fracking statute, see our September E-Alert. The Division’s interim regulations are supported by a narrative description that provides … Continue Reading
LexBlog