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Renewable Energy Vision

In a decision that rapidly rippled throughout the electricity generation community—the Federal Energy Regulatory Commission (FERC) issued an order terminating its docket intended to review the Department of Energy’s notice of proposed rulemaking (NOPR). The NOPR, widely recognized as an attempt to shore up uneconomic coal and nuclear, was rejected for failure to establish a sufficient record that current wholesale rates are unjust and unreasonable, as required by the Federal Power Act. Following the final 2017 tax bill – which included amendments largely saving tax equity investment in renewable projects - this week’s FERC order sends a strong signal to the market, and one that should inform President Trump’s final remedy decision in the ITC solar trade case. Here are five key points to consider:

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