The uncertainty surrounding tax reform kept many U.S. renewables investors in “wait-and-see” mode throughout 2017. Those brave enough to push forward despite the political backdrop did so vigilantly, with many expending additional financial and legal resources to keep their options open. Each legislative turn drove new scenarios and document drafts. Without a confirmed corporate tax…
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…
With the Senate version of the Tax Cuts and Jobs Act (H.R. 1) passing on December 2, we’re now in the midst of House-Senate Conference for resolution of the differences between the two bills. The differences are quite significant, which suggests an intensive and difficult negotiation over the next number of days as they seek…
The Wall Street Journal published a misguided editorial over the weekend that supported the House tax bill’s damaging provisions to retroactively revise wind incentives. I wanted to share ACORE’s response in my letter to the editor, which was published in print on Nov. 15 as the lead response to their editorial (full text below). Wind, Solar Are Shedding Subsidies. Oil?…
A few weeks ago, Secretary of Energy Rick Perry proposed that the Federal Energy Regulatory Commission (FERC) intervene in the nation’s electricity markets to establish new rules that would have electricity consumers subsidize uneconomical coal and nuclear power plants and pay more for power in their electricity bills. In response, today ACORE submitted comments to FERC emphasizing the important…
Environmental Protection Agency Administrator Scott Pruitt.The Hill As reported recently by The Hill, Environmental Protection Agency Administrator Scott Pruitt thinks the solar investment tax credit and wind production tax credit should be eliminated. Speaking at an event in Kentucky, Pruitt said “I would do away with these incentives that we give to wind and solar…I’d let…