On December 5, 2013, President Obama issued a Memorandum to the heads of executive departments and agencies to push the “Administration’s climate change goals and increase development of new renewable energy sources.” [Read more →]
December 5, 2013 Comments Off
Troutman Sanders is pleased to offer its clients and friends a 15% discount off registration to Distributed Solar Summit 2013
San Diego, CA
The Distributed Solar Summit is the only business hub where decision-makers come each year to move the distributed solar sector forward. This year’s Summit takes place against a backdrop of rapidly declining system prices, the extension of the investment tax credit (ITC) through 2016, and the success of the lease model, all of which are expected to fuel growth in the coming years. However, sustained low natural gas prices and continued financial constraints continue to plague the sector. Only those companies that can adapt to these changing conditions with the ’right’ business model(s) and financing strategies will thrive.
John Leonti, Partner in the Energy Practice, will moderate the panel “Tax Equity Investment and Future Fund Structures in a Post-Tax Grant World” on Tuesday, November 19 at 11:30 – 12:30 p.m.
Steven Hewitson, Partner in the Energy Practice, will moderate the panel “Utilities’ Distributed Energy Strategies” on Wednesday, November 20 at 8:00 – 9:00 a.m.
Hilton San Diego/Del Mar 15575 Jimmy Durante Blvd Del Mar, CA 92014
For a 15% discount off registration, please use discount code 132820 and register here.
October 29, 2013 Comments Off
On Thursday, October 17, 2013 the California Public Utilities Commission (“CPUC”) unanimously voted in favor of adopting a program that sets energy storage targets for the three-investor owned utilities (“IOUs”), Pacific Gas & Electric Co., Southern California Edison, and San Diego Gas & Electric. Such an action marks the first time that energy storage has been mandated (even as a target) in the United States. [Read more →]
October 23, 2013 Comments Off
Troutman Sanders LLP is pleased to announce that Fred Fucci has joined the firms New York office as a partner in the energy practice.
Fred, who was a partner at Dickstein Shapiro LLP, is a transactional and project finance lawyer who focuses on the development, financing and acquisition of power generation and other energy assets. He has represented developers and acquirers of both renewable (solar, biomass, geothermal, hydro, wind) and fossil fuel (natural gas, coal, fuel, cogeneration) power plants in the United States and in foreign markets. In addition to his energy project work, Fucci devotes a significant portion of his practice to corporate transactions. [Read more →]
October 3, 2013 Comments Off
On September 20, 2013, Clearwater Paper Corporation (“Clearwater”) filed with FERC a petition for enforcement pursuant to section 210(H) of the Public Utility Regulatory Policies Act of 1978 (“PURPA”) against the Idaho Public Utilities Commission (“Idaho PUC”). The petition alleges that the Idaho PUC impermissibly moved to allocate, without compensation to a Qualifying Facility (“QF”), one half of all Renewable Energy Credits (“RECs”) created through that facility’s PURPA QF contracts within Idaho to the utility purchasing the QF’s power under a PURPA contract. Clearwater argues that the QF’s ability to sell to a utility at full avoided cost rates applies to energy and capacity alone; such rates do not also capture the value of the renewable attributes of the generation. Clearwater asserts that the Idaho PUC’s orders allocating half of the generated RECs to utilities (1) incorrectly rely on PURPA in the absence of state REC regulation, (2) discriminate against QFs, (3) impose a condition on QFs’ right to receive avoided costs rates, and (4) function as an unconstitutional taking of the QFs’ property. Clearwater asks FERC to initiate an enforcement action against the Idaho PUC or, in the alternative, asks the Commission declare that the Idaho PUC Orders are inconsistent with PURPA. [Read more →]
October 2, 2013 Comments Off