Latest project finance insights

California utilities issue bonds to extinguish wildfire woes
The increasing frequency of wildfires in California has forced the State’s legislature and the California Public Utilities Commission (“CPUC”) to come up w
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CFTC Subcommittee to report on LIBOR Reform
This week, the Commodity Futures Trading Commission (“CFTC”) announced the members of the Interest Rate Benchmark Reform Subcommittee (“Benchmark Reform Su
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December 2018
IN THIS ISSUE Uncertainty in Mexico as new president takes office Many people have been asking since Andrés Manuel López Obrador took office as Mexican pre
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Massachusetts offshore wind lease auction
The Bureau of Ocean Energy Management (“BOEM”) will be auctioning about 390,000 acres of offshore wind lease areas on December 13, 2018 off of the shore of
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Courts Uphold ZEC Programs for Nuclear Plants in Illinois and New York | Norton Rose Fulbright
The United States Court of Appeals for the Seventh Circuit and for the Second Circuit each upheld a state's creation of a rate subsidization plan to keep o
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October 2018
IN THIS ISSUE How safe are corporate PPAs? Bankruptcy analysis has become a central part of due diligence on renewable and other power projects as project
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FERC Works to Speed Up LNG Reviews
In the past, it has taken years for the Federal Energy Regulatory Commission (FERC) to issue decisions on whether or not to authorize onshore LNG facilitie
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ISO New England Adds Fuel Security to Tariff to Extend Operation of Gas Units | Norton Rose Fulbright
Due to concerns about fuel security, ISO-NE proposed tariff revisions to induce a large gas-fired generator to continue to operate rather than retire its u
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New York Framework for First Phase of Offshore Wind Procurement | Norton Rose Fulbright
The New York Public Service Commission issued an order in July to establish the framework for the first phase of procuring 2,400 MW of offshore wind energy
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DOE Expedites Approval Process for Certain Small-Scale Exports of LNG
The Department of Energy (DOE) finalized a rule to expedite approvals for small-scale exports of liquefied natural gas (LNG) to countries with which the Un
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August 2018
IN THIS ISSUE US to review more inbound investments Congress passed legislation in early August that will subject more in-bound US investments to review by
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June 2018
IN THIS ISSUE Big changes in how new power projects connect to the grid A Federal Energy Regulatory Commission order in mid-April made significant changes
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California cap-and-trade and offset credit programs
California’s cap-and-trade program took effect in 2012. The rules, set by the California Air Resources Board (ARB), apply to electric power plants, industr
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April 2018
IN THIS ISSUE Community choice aggregators and community solar New community choice aggregators may face delays in starting up in California. Solar tax equ
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Saudi Arabia ramping up renewable energy investments
Early last year Saudi Arabia announced a national renewable energy program with the goal of supplying 10 percent of its power demand with renewable energy
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