Featured Legal Updates

Renewable Energy Law Alert: California Legislature Fails to Pass 33% Renewable Portfolio Standard
Last night, the California legislature failed to pass Senate Bill 722—the 33% Renewable Portfolio Standard (RPS) legislation—by the close of the legislative session. The bill would have increased California's RPS to 33% for both investor-owned and publicly owned utilities. It would also have placed...

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Proposed California Public Utilities Commission Decision Would End Moratorium on Tradable Renewable Energy Credit Transactions, Increase TREC Cap to 40%, and Exempt Existing Contracts from the Cap
On August 25, the California Public Utilities Commission ("CPUC") issued a proposed decision ("PD") that would end the CPUC's moratorium on approval of tradable renewable energy credit ("TREC") transactions and increase the cap on such transactions for large investor-owned utilities to 40%....

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Energy Tax Law Alert: Understanding "Beginning Construction" Under Section 1603
The Treasury Department recently issued a series of FAQs in an effort to clarify when projects will be treated as having "begun construction" for purposes of the section 1603 grant. As you may be aware, a project that otherwise qualifies for the grant but is not placed in service before the end of...

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