Law of the Wind is a guide to business and legal issues.
A few thoughts on a potential PTC extension
With a five-year phaseout of the PTC expected to be part of the package that Congressional negotiators are trying to work out, these thoughts provide some insight on the potential PTC extension:
IRS updates “Beginning of Construction” guidance
The IRS has issued Notice 2015-25, updating its prior guidance in Notices 2013-29, 2013-60, and 2014-46. This is in regards to the “beginning of construction” requirement for the production tax credit (PTC) under Section 45 of the Internal Revenue Code (the Code) and the investment tax credit (ITC) under Section 48 of the Code. The…
Energy law alert: FERC creates new opportunities for energy storage and sales of ancillary services
This article, from law firm Stoel Rives, is authored by Jennifer Martin and Seth.D. Hilton. The Federal Energy Regulatory Commission (FERC) issued Order No. 784, which creates new opportunities for energy storage technologies to cost effectively help customers self-supply their own Regulation and Frequency Response service requirements and also opens certain ancillary services markets…
Army seeks feedback on standardized performance work statement for RE projects
This article, from law firms Stoel Rives LLP, is authored by Chad Marriott. In April, the Army Energy Initiatives Task Force (“EITF”) and the U.S. Army Mission and Installation Contracting Command at Fort Sam Houston in Texas published a template Renewable Energy Service Agreement Performance Work Statement (the “PWS”) for comment by interested stakeholders. The…
PTC extension: the 2013 wind challenge
This article comes from law firms Stole Rives LLP (www.stoel.com) and was written by Mr. Edward D. Einowski The wind energy industry breathed a welcomed sigh of relief as Congress enacted a one-year extension of the production tax credit (PTC) as part of the “fiscal cliff” deal. But even with a liberal “begin construction” rule…