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Inflation Reduction Act
FERC Accepts PJM Capacity Performance Proposal
On June 9, 2015, FERC issued an order accepting PJM's proposal to modify its forward capacity market, the Reliability Pricing Model ("RPM"), to establish a new capacity product, the Capacity Performance Resource. PJM's proposal is designed to tighten the performance...
FERC Finds Manipulation Violations by Company and Trader that Complied with Tariff but did not Act to Further Market Design Goals
On May 29, 2015, the Federal Energy Regulatory Commission (FERC) issued an Order Assessing Civil Penalties against Powhatan Energy Fund and its affiliates as well as against Houlian Chen, Powhatan's chief trader, for violating FERC's anti-manipulation rule. FERC ordered Powhatan...
A permit system may finally arrive for the Migratory Bird Treaty Act - New Opportunities and Responsibilities
For years, Federal Courts have held that individuals can be held criminally liable under the Migratory Bird Treaty Act (MBTA) for the death of birds regardless of whether they intended to harm them. While several courts have recently called into...
Federal District Court Denies Barclays Motion to Dismiss FERC Petition Which Alleges Manipulation and Assesses Significant Penalties
For the past two years we have been tracking and reporting on an enforcement proceeding brought by the Federal Energy Regulatory Commission ("FERC") against Barclays Bank PLC ("Barclays"), Daniel Brin, Scott Connelly, Karen Levine, and Ryan Smith (collectively, the "Traders"...
Egypt: the race to get FiT
The Government of Egypt has said that it must invest US$12 billion in the electricity sector over the next five years in order to meet the country's urgent electricity demands. Renewable energy will be a key component, with investment in...
EgyptERA Expected to Issue Guidelines for the Renewable FiT Program - With a Plot Twist!
Egypt's Egyptian Electric Utility and Consumer Protection Regulatory Agency is expected to issue long-awaited guidelines on special purpose vehicle incorporation. In recent days it has emerged that these guidelines will be more flexible than previously expected. This is expected to...
Africa Energy Update
The latest news on legal and regulatory developments in Africa's energy sector with perspectives from our offices in New York, Washington and London. Our second Africa energy update focuses on West Africa, home to major oil and gas reserves, power...
West Africa "“ a role for off-grid renewable energy?
West Africa is a land of opportunity, home to some of the richest oil and mineral resources in the world. The rush for the region's oil, gold, iron and other commodities has driven economic growth at a faster rate than...
The Bureau of Economic Analysis Reporting Requirements for Foreign Direct Investment: Still Time for Timely Filing
In September of 2014, new foreign investment reporting requirements from the Department of Commerce’s Bureau of Economic Analysis (BEA) became effective. The new regulations require the BEA to collect data on the acquisition or establishment of U.S. business enterprises by...
Around the Corner: How Drones Are Changing the Energy Industry
Drones "“ or, in Federal Aviation Administration parlance, Unmanned Aircraft Systems ("UAS") are proliferating everywhere. In the past few weeks an unmanned drone landed on the White House grounds and the federal government had to issue warnings not to fly...
Election 2014: Impact of a New Congress on Environmental and Energy Policy
Energy and environmental concerns were major issues in a number of campaigns leading up to the 2014 midterm elections. In this interview, founding PRG partner Scott Segal discusses how Congress and agencies are expected to deal with a wide range...
Africa Energy Update
The latest news on legal and regulatory developments in Africa’s energy sector. This first Africa energy update focuses on East Africa, a region of growing potential for sector participants. Future updates will focus on other regions as we seek to...
Kenya's Lake Turkana Wind Power Project Lights the Way for the East African Power Market
Kenya is East Africa's largest economy, yet it faces a power supply crisis. Per capita, it generates barely 4% of the power generated by South Africa. Only 18% of the population has access to electricity and, even for this fortunate...
Has the Sun been Shining too Brightly in the UK?
Last week (13 th May) the Department of Energy & Climate Change (" DECC ") unveiled proposals to " maintain the growing momentum behind renewable electricity investment in the UK, while continuing to deliver value for money for consumers. "...
CFTC Seeks Input on Dodd-Frank Implementation Issues Affecting Energy End-Users
With most of its rules implementing the swap regulatory provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") in place, the Commodity Futures Trading Commission ("CFTC") is seeking new public input on several aspects of its Dodd-Frank...