California and Québec Release Joint Carbon Auction Results

California and Québec have released the results of the first joint carbon auction under their integrated cap-and-trade emissions trading platform. On December 3, 2014, the California Air Resources Board (CARB) and the Ministry of Sustainable Development, Environment, and the Fight against Climate Change (MDDELCC) released the results of their first joint carbon allowance auction held...

California and Quebec Release Joint Carbon Auction Results

California and Quebec have released the results of the first joint carbon auction under their integrated cap-and-trade emissions trading platform. On December 3, 2014, the California Air Resources Board (CARB) and the Ministry of Sustainable Development, Environment, and the Fight against Climate Change (MDDELCC) released the results of their first joint carbon allowance auction held...

PJM Releases Updated Capacity Performance Product Proposal

PJM Interconnection has issued a Capacity Performance proposal modeled after the New England ISO Pay-for-Performance capacity market design. On December 3, 2014, PJM Interconnection issued a Capacity Performance proposal — a modified version of the October 7 staff proposal — reflecting the need for stronger incentives within the existing capacity market structure to encourage investment by new...

House Passes One-Year Tax Extender Bill

The House has passed a one-year extension of several tax provisions including the renewable energy production tax credit and several biofuel industry incentives. On December 3, 2014, the U.S. House of Representatives passed the Tax Increase Prevention Act of 2014 (H.R. 5771), a one-year tax extender package for several tax relief provisions that expired at...