Energy Legal Blog^®

LIBOR LATEST - A Temporary Reprieve for USD LIBOR?

December 1, 2020 Energy Legal Blog^®

Often referred to as “the world’s most important number”, the London Interbank Offered Rate (LIBOR) is used as the reference interest rate for a range of commercial and financial contracts worth hundreds of trillions of dollars globally. As market commentators...

FERC Proposes New Treatment of Fuel Cells Under PURPA

November 24, 2020 Energy Legal Blog^®

Comments for FERC’s Notice of Proposed Rulemaking on Fuel Cell Energy Output (“NOPR”) are due tomorrow, November 25, 2020.[1] In the NOPR, FERC proposes to modify its regulations for qualifying facility (“QF”) status under the Public Utility Regulatory Policies Act...

U.S. Chemical Safety Board Issues Factual Update on TPC Group Port Neches Facility

October 29, 2020 Energy Legal Blog^®

Today, the CSB issued an interim factual update on its investigation of the November 27, 2019 explosion at TPC Group's Port Neches facility in Texas. The November 2019 explosion resulted in millions of dollars of estimated loss, shut down the...

10th Circuit expands PSM coverage

October 29, 2020 Energy Legal Blog^®

The Tenth Circuit Court of Appeals (covering Oklahoma, Kansas, New Mexico, Colorado, Wyoming, and Utah) issued an opinion on Tuesday (10/27/2020) that expands the applicability of OSHA’s process-safety-management standard to interconnected processes—even when the interconnected process does not contain any...

FERC Issues Settlement Order Reaffirming “Gaming” Prohibition in Power Markets

October 28, 2020 Energy Legal Blog^®

Last week the Federal Energy Regulatory Commission (FERC) issued an Order Approving Stipulation and Consent Agreement involving High Desert Power Project, LLC (High Desert) and Middle River Power LLC. (Middle River) to resolve allegations of market manipulation in the California...

FERC Proposes Policy Statement Encouraging RTOs/ISOs to Develop Rules Incorporating State Determined Carbon Prices

October 19, 2020 Energy Legal Blog^®

On October 15, 2020, the Federal Energy Regulatory Commission (“FERC” or the “Commission”) issued a Proposed Policy Statement regarding carbon pricing in organized wholesale electricity markets.In short, the statement would clarify that the Commission has “jurisdiction over RTO/ISO market rules...

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