Senate Finance Committee Proposes Energy Tax Incentive Reforms

The Senate Finance Committee’s latest energy tax reform proposal focuses on technology-neutral and performance-based energy tax credits. On December 18, 2013, Senate Finance Committee Chairman Max Baucus (D-MT) released an energy tax reform draft that would overhaul federal energy-related tax incentives and consolidate provisions supporting renewable energy.  Notably, the proposal focuses on establishing tax credits...

EIA Projects Strong Growth in U.S. Oil and Natural Gas Production

EIA’s latest Annual Energy Outlook (AEO) projects a 56 percent increase in natural gas production by 2040, overtaking coal as the largest share of U.S. electric power generation. On December 16, 2013, the Energy Information Administration (EIA) released the AEO 2014 Early Release Overview presenting updated projections for U.S. energy markets through 2040.  The AEO...

Clean Energy Banks Offer Financial Alternatives to Federal and State Subsidies

Development of clean energy and energy efficiency solutions are confronted by challenges including federal policy uncertainties jeopardizing grants and tax credits, state budget constraints, and insufficient capital markets. Several states are exploring ways to leverage public resources with innovative banking and financial mechanisms to facilitate large-scale deployment of low-carbon technologies. Overview Many federal energy subsidies...

New Opportunities for Hydropower Markets

In the previous three months, the Federal Energy Regulatory Commission (FERC) has provided preliminary exclusion from federal regulations to 16 different hydropower projects, facilitating growth in renewable electricity generation and providing access for new hydroelectric markets. Overview President Obama signed the Hydropower Regulatory Efficiency Act of 2013 (H.R. 267) in August 2013 to facilitate hydroelectric...

Senate Unanimously Approves Hydropower Bills

Two hydropower bills were unanimously passed by the Senate to facilitate streamlined regulatory processes for hydroelectric projects. On August 1, 2013, the Senate unanimously approved two bills  aimed at streamlining the regulatory processes for selected hydropower projects. Both the Hydropower Regulatory Efficiency Act (H.R. 267) and the Bureau of Reclamation Small Conduit Hydropower Development and Rural Jobs...