Developments in law and policy of energy, commodities and environment
This is the fourth in our series on “The ABCs of the AJP.”
The White House’s recent announcement of the American Jobs Plan (AJP) highlights the establishment of a “$27 billion Clean Energy and Sustainability Accelerator to mobilize private investment into distributed energy resources.” While distributed energy resources (DERs) are only mentioned once in the announcement, they figure to play an important role in the Administration’s overall goals.…
Continue Reading Distributed Energy Resources
On February 16, the Federal Energy Regulatory Commission (FERC) issued an order accepting an executed State Agreement Approach Study Agreement (Study Agreement) between PJM Interconnection, L.L.C. (PJM) and the New Jersey Board of Public Utilities (NJ BPU), pursuant to which PJM will solicit project proposals to expand or upgrade its transmission system to provide for the deliverability of 7,500 MW of offshore wind into New Jersey by 2035. New Jersey is the first state in the PJM region to use the State Agreement Approach, a supplementary transmission planning and cost allocation mechanism in PJM’s Operating Agreement designed to meet states’ public policy needs.…
Continue Reading FERC Accepts Study Agreement to Assess New Jersey Offshore Wind Deliverability
In a move that further bolsters the state of New York’s status as a trailblazer in America’s energy transformation, on July 21, New York Governor Andrew Cuomo announced the largest combined renewable energy solicitations in U.S. history. New York is seeking up to 4,000 megawatts (MW) of offshore wind and onshore renewable energy capacity to help meet the resource goals established under its 2016 Clean Energy Standard and its 2019 Climate Leadership and Community Protection Act (CLCPA). The solicitations also contemplate a combined $400 million in public and private funding to upgrade the state’s port infrastructure in order to accommodate the development of the new offshore wind facilities. New York’s solicitations not only present an unprecedented market opportunity for offshore wind and other renewable developers, but also for businesses seeking to provide key construction and operations and maintenance products and services to the offshore wind industry.…
Continue Reading New York Doubles Down On Offshore Wind and Sets Renewables RFP Record
California continues to see growth in alternative and clean energy initiatives. Below is a sample of recent notable developments.…
Continue Reading California Energy News Update
On March 8-9, 2018, a bespoke group of approximately 200 leading entrepreneurs, investors and advisors focused on deploying and commercializing cutting edge technologies gathered in Monte Carlo from across the globe for the 11th annual CleanEquity® Monaco Conference. Complementing other plenary sessions and emerging company presentations, the conference initiated a new feature — Covington CleanEquity Conversations — intended to capture and memorialise the unique thought leadership opportunity presented by the gathering in Monaco. On the first day, conference participants separated into three breakout groups for Chatham House Rule discussions curated by partners from the international law firm Covington & Burling LLP of three critical issues confronting cleantech deployment and commercialisation:
On the second day, the Covington team reported in the conference’s final plenary session key takeaways from the three breakout group discussions. Covington and CleanEquity organizer and specialist investment bank, Innovator Capital, are pleased to share brief summaries of the thought leadership developed by the proceedings of conference participants on each of the three topics.…
Continue Reading Covington CleanEquity Conversations: Will Market Driven Innovation Alone Save Us from Climate Change?
On March 8-9, 2018, a bespoke group of approximately 200 leading entrepreneurs, investors and advisors focused on deploying and commercializing cutting edge technologies gathered in Monte Carlo from across the globe for the 11th annual CleanEquity® Monaco Conference. Complementing other plenary sessions and emerging company presentations, the conference initiated a new feature — Covington…
A recently-published NAFTA arbitration award in Windstream Energy LLC v. Government of Canada illustrates the perils of investing in clean energy projects in jurisdictions with ever evolving regulatory and policy frameworks. The case is also a good reminder of the importance of investing in foreign jurisdictions through vehicles incorporated in countries that have adequate investment-protection…
Fundamental changes in the way that the electric utility and power sector operates, interacts with customers, and relates to its regulators are occurring on a massive scale and at an unprecedented pace. Covington is committed to exploring these transformations affecting the power sector, helping our clients to understand and navigate the changes, and fostering collaborations to respond to the evolving nature of the power grid.
To this end, Covington has hosted a series of conversations with key thought leaders in industry and government to address the ramifications of these transformations. The first two conversations in the fall of 2015 focused on both the technology that underlies and enables these changes, and the response of the regulatory framework to the rise of distributed generation and a far more nimble and customer-oriented array of electricity services. A summary of these conversations can be found here.
On October 5, 2016 Covington, in collaboration with the American Council on Renewable Energy (ACORE) and Advanced Energy Economy (AEE), hosted a conversation devoted to the issue of corporate energy procurement. Senior representatives of corporations, utilities, developers, government agencies and NGOs participated in person and by webinar. Followers on Twitter joined the conversation at #CovingtonGOTF. Highlights of the discussion appear below with a link to the full audio replay.
Earlier this year, FERC held four technical conferences to discuss the implications of state, regional and/or federal plans for compliance with EPA’s proposed Clean Power Plan (CPP) rule to set carbon emission limits for existing electricity generating units. A major issue raised was the impact of the CPP on electric grid reliability as coal-fired generators…
Nobel Prize-winning economist Amartya Sen recently decried “the failure to develop a framework for assessing the comparative costs of different sources of energy . . . inclusive of the externalities involved.” As if on cue, the European Union (EU) issued an interim research report by an outside consultancy last month that purported to do just…
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