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The U.S. Securities and Exchange Commission (SEC) announced on March 27 that it will no longer defend its controversial rules requiring companies to disclose climate-related risks, greenhouse gas (GHG) emissions, […]
The post SEC Ends Defense of Climate Disclosure Rules, Citing Cost and Intrusiveness appeared first on POWER Magazine.
More than two dozen states and a handful of trade groups filed separate lawsuits in the U.S. Court of Appeals for the D.C. Circuit, challenging parts of the Environmental Protection […]
The post States, Trade Groups Sue EPA Over New Fossil Fuel Rules appeared first on POWER Magazine.
Renewable energy project developers now have important clarification about the transferability of clean energy tax credits, as the U.S. Treasury Dept. and the Internal Revenue Service (IRS) released final rules […]
The post Feds Release Final Rules on Clean Energy Tax Credits appeared first on POWER Magazine.
“While we appreciate the intent behind the SEC’s proposed rulemaking is to improve public companies’ cybersecurity postures and disclose material cybersecurity incident information to investors, we are concerned that the rulemaking is potentially duplicative of the incident reporting requirements in recently passed legislation,” John Miller, senior vice president and..
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The post DOE Seeks Power Sector’s Input on Bulk-Power Foreign Adversary Rules appeared first on POWER Magazine.
The Department of Energy (DOE) wants the electric power industry to help the DOE draft rules that will prohibit the U.S. bulk-power electric system from using equipment sourced from, or otherwise susceptible to, harmful influence by “foreign adversaries.”
Asset owners, utility operators, equipment vendors, and other interested parties can voluntarily provide information to the DOE by August 7. The DOE’s solicitation suggests that the forthcoming rules will delve considerably deeper than merely considering bulk-power equipment’s country of origin or the identity of its manufacturer when asking whether equipment is sourced from a “foreign adversary.” Instead, it appears the DOE is considering an evaluation of the entire supply chain used to procure and install a piece of equipment, including involvement from sub-tier suppliers and the development history of associated firmware and source code.
President Trump on May 1, 2020, issued Executive Order 13920 (the “Bulk-Power Order”) which prohibits the acquisition, importation, transfer or installation of “bulk power system electric equipment” in the U.S.…
Because compliance costs to coal- and oil-fired power plants for the Mercury and Air Toxics Standards (MATS) far exceed quantifiable benefits to regulating hazardous air pollutant (HAP) emissions, the Trump administration has proposed it is not “appropriate and necessary” to regulate HAP emissions from power plants under Section 112 of the Clean Air Act (CAA), according to a document signed by acting Environmental Protection Agency (EPA) administrator Andrew Wheeler on Dec. 27.
However, the EPA did not propose to remove coal- and oil-fired power plants from the list of source categories regulated under that section of the CAA, which means the 2012-finalized MATS remains in place. The EPA’s proposal, released publicly Dec. 28, is outlined in a revision to the agency’s final supplemental cost finding for MATS, which was required by a U.S. Supreme Court decision in June 2015.
The agency on Friday also made public proposed results of the long-awaited MATS risk and technology review (RTR). The separate evaluations of risk and technology are required under CAA Section 112 every eight years after final HAP standards go into effect to determine if new developments should be incorporated into the standards.…