New York Green Bank to Transform Clean Energy Markets

On February 5, 2014, The New York Green Bank (NYGB) issued its first solicitation for project funding. With project funding commencing, NYGB aims to create a sustainable stream of private capital to replace intermittent grants and subsidies from state and federal sources, and be the first U.S. Green Bank to target $1 billion in capitalization....

Court Upholds EPA’s Mercury and Air Toxics Standards

A federal appeals court upheld EPA’s regulation to limit emissions of mercury and hazardous air pollutants from coal- and oil-fired power plants. On April 15, 2014, the U.S. Court of Appeals for the District of Columbia upheld the Environmental Protection Agency’s (EPA) Mercury and Air Toxics Standards (MATS) for coal- and oil-fired electric utility steam...

Memoranda of Understanding Aim to Increase Transparency of Energy Market Oversight

On January 2, 2014, the Federal Energy Regulatory Commission and the Commodity Futures Trading Commission officially entered into two Memoranda of Understanding (MOU). The MOUs will provide solutions for overlapping jurisdiction and sharing information of mutual interest. Overview On March 5, 2014, the Federal Energy Regulatory Commission (FERC) and Commodity Futures Trading Commission (CFTC) announced...

EPA Releases Top 25 List of U.S. Cities With Most Energy Star Buildings

More than 23,000 buildings across the U.S. have earned EPA’s Energy Star Certification, saving more than $3.1B on utility bills. On April 10, 2014, the Environmental Protection Agency (EPA) released the sixth annual list of top 25 U.S. cities with the most Energy Star certified buildings.  The cities demonstrate economic and environmental benefits achieved from...

DOE Releases Strategic Plan 2014-2018

DOE has released a five-year Strategic Plan outlining priorities to address the nation’s energy, security, economic, and environmental challenges. On April 7, 2014, the Department of Energy (DOE) released its Strategic Plan for 2014-2018 to advance its mission of enhancing U.S. security and economic growth through transformative science, technology, and market solutions to address energy,...

California Cap and Trade Program Strong after First Year of Operation

On February 19, 2014, the California Air Resources Board (CARB) held its sixth carbon allowance auction. Auction results over the first year show that compliance entities are becoming more comfortable with program and that investor market confidence is growing. Similarly, a secondary allowance market is also developing as market confidence grows. Overview The California Air...

Q1 2014 RGGI Auction Indicates Renewed Northeast Carbon Market

On March 4, 2014, the Regional Greenhouse Gas Initiative (RGGI) held the first carbon allowance auction under the new Model Rule. Auction prices reached record levels and high market participation and allowance demand exhausted the 5 million allowance Cost Containment Reserve. Overview The Regional Greenhouse Gas Initiative (RGGI) is the nation’s first mandatory market-based cap-and-trade...

EPA Secures Bond from Vehicle Importer to Satisfy Future Clean Air Act Violations

For the first time, EPA has secured a bond to satisfy future Clean Air Act violations. On March 27, 2014, the Environmental Protection Agency (EPA) announced a settlement agreement with American Lifan Industry, Inc., an Ontario, California-based vehicle and engine importer for illegally importing and selling approximately 28,000 China-made vehicles and engines that did not...

NYPA Releases 2014-2019 Strategic Vision

The New York Power Authority has released its updated strategic plan outlining actionable initiatives to attain a transformed energy system. On March 26, 2014, the New York Power Authority (NYPA) released its Strategic Vision 2014-2019, an updated strategic plan aimed to boost economic growth by providing more value to NYPA customers.  Through the plan, NYPA...

Nuclear Energy Industry Remains Strong despite Safety Concerns

Despite the 2011 Fukushima Daiichi Nuclear Power Plant disaster, U.S. nuclear energy research and development continues undeterred. Despite new plant construction, nuclear energy byproduct storage and disposal remains a highly-debated topic in congress. Overview For the first time in more than 30 years, new nuclear reactors are under construction in the U.S. The construction consists...

FERC Order 1000 and the Changing Power Transmission Landscape

The traditional electricity power grid is undergoing a historic shift with the emergence of decentralized power generation. The Federal Energy Regulatory Commission (FERC) is charged with overseeing complex state, regional, and local transmission laws and regulatory environments, which can vary significantly. This variance, combined with a more open transmission project market may lead to increased...