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EPA Proposes CO2 Emission Limits for New Power Plants and on Track to Regulate CO2 Emissions from Existing Plants by 2015
By McDermott Will & Emery on Sep 23, 2013
Posted In Environmental, Power Markets, Project Development and Finance
by Jacob Hollinger and Bethany Hatef The U.S. Environmental Protection Agency (EPA) has issued a proposed rule concerning carbon dioxide (CO2) emissions from new coal-fired and natural gas-fired power plants. The September 20 proposal meets a deadline set by President Obama in a June 25 Presidential Memorandum and keeps EPA on track to meet the President’s June 2015 deadline...
Italy: Government Extends Scope of Application of “Robin Hood Tax”
By McDermott Will & Emery on Jun 25, 2013
Posted In EU Developments, Power Markets, Renewables, Tax
by Carsten Steinhauer Law Decree no. 69 of 21 June 2013 (theDecree), published in the Official Gazette on 21 June 2013 would expand significantly the application of the “Robin Hood Tax” on electricity production companies, including renewable energy companies (solar, wind and biomass) originally exempt from the tax, by lowering the turnover and taxable income...
FERC Asserts Jurisdiction Over Bundled Renewable Energy Credits
By McDermott Will & Emery on May 9, 2012
Posted In FERC, Power Markets, Renewables
by Bradford K. Gathright On April 20, 2012, the Federal Energy Regulatory Commission (FERC) issued an order confirming that it has no jurisdiction under the Federal Power Act (FPA) with respect to sales of state-issued renewable energy credits (RECs) that are not bundled with sales of wholesale energy, but asserted that it does have jurisdiction...
Italian Register for Large PV Plants Closed for 2012
By McDermott Will & Emery on Jan 26, 2012
Posted In EU Developments, Project Development and Finance, Renewables
by Carsten Steinhauer On January 20, 2012, Gestore dei Servizi Energetici (GSE), the publicly-owned company that promotes renewable energy sources in Italy, announced that the budget for the second half of 2012 for large solar photovoltaic (PV) plants has already been used up by excessive demand in 2011. Consequently, there will be no registration procedure...