FERC

FERC Rules in Favor of Avangrid in California Energy Crisis Litigation

Retrieved on: 
Thursday, December 21, 2023
Alternative Energy, Energy, Utilities, Oil, Gas, Initial, Renewable energy, Senior, Federal Energy Regulatory Commission, Supreme court, FERC, AGR, California Department, Supreme, Water resources, General counsel, Chief security officer, Corporation

Today Avangrid, Inc. (NYSE: AGR) announced that the Federal Energy Regulatory Commission (FERC) issued a decision in favor of Avangrid Renewables, LLC (Renewables), an indirect, wholly-owned subsidiary of Avangrid, in the litigation related to the California energy crisis of 2000-2001.

Key Points: 
  • Today Avangrid, Inc. (NYSE: AGR) announced that the Federal Energy Regulatory Commission (FERC) issued a decision in favor of Avangrid Renewables, LLC (Renewables), an indirect, wholly-owned subsidiary of Avangrid, in the litigation related to the California energy crisis of 2000-2001.
  • The California Agencies further alleged that Renewables exercised market power that forced CDWR to pay unjust and unreasonable prices and agree to onerous, unjust and unreasonable nonprice terms.
  • Following FERC action, appeals to the Ninth Circuit and the U.S. Supreme Court and remand, FERC ordered a trial-type, evidentiary hearing to supplement the existing record.
  • Consequently, FERC found that the contract is just and reasonable and refunds for Renewables’ contract are not warranted.

Jenner & Block Elects Eight New Partners for 2024

Retrieved on: 
Tuesday, December 19, 2023
Public policy, Federal Energy Regulatory Commission, Partnership, Government, Air force, Jenner & Block, Supreme court, Human rights, FERC, ESG, United States Capitol, Defense, Lawyer, Appeal, RICO, Practice of law

"We are extremely proud of this talented group of new partners.

Key Points: 
  • "We are extremely proud of this talented group of new partners.
  • The 2024 partner class has demonstrated a tremendous commitment to our clients and to the firm's values of excellence, collaboration, and pro bono service," said Co-Managing Partners Katya Jestin and Randy Mehrberg .
  • "Our new partners have diverse specialties, perspectives, and backgrounds which reflect the increasingly complex legal and strategic needs of our clients.
  • We are delighted to welcome them to the partnership and excited to see their continued success."

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Declares its Quarterly Distribution of $0.20 Per Share

Retrieved on: 
Monday, November 13, 2023
Professional Services, Finance, MAM, Terrorism, FTA, MLP, Acquisition, NYSE, NAV, Fund, Policy, Natural Resources, MFD, Central bank, Capital gain, Investment, Risk, Federal, Macquarie Group, Internal Revenue Code, Weather, Adviser, European, Hedge fund, New York Stock Exchange, Federal Energy Regulatory Commission, Uncertainty, AIB (NI), Debt-to-GDP ratio, COVID-19, European Central Bank, FERC, FTP, Core Component Technical Specification, FINRA, London Interbank Bid Rate, Judgement, Infection, ERISA, Federal Reserve, LIBOR, Life insurance, Security (finance), Financial adviser, Financial services, Bank

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.

Key Points: 
  • Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.
  • The Fund principally invests in a global portfolio of infrastructure stocks in a range of currencies and senior secured loans.

NextDecade Provides Third Quarter 2023 Business Update

Retrieved on: 
Monday, November 13, 2023
Environment, Oil, Gas, Sustainability, Alternative Energy, Green Technology, Energy, Climate Change, FEED, FID, Senior, Engineering, Fid, Movement, Port, Investment, History, GIP, MTPA, Federal Energy Regulatory Commission, NTP, Train, FERC, Natural gas, Lower Rio Grande Valley, GIC, TotalEnergies, Global Infrastructure Partners, EPC, Bank, Renewable energy, Construction, Nursing, Security (finance), LNG

NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the third quarter 2023.

Key Points: 
  • NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the third quarter 2023.
  • NextDecade holds equity interests in the Phase 1 joint venture that entitle NextDecade to receive up to 20.8% of the distributions of available cash during operations.
  • In September 2023, Rio Grande entered into a credit agreement with a group of lenders for $356 million of senior secured loans.
  • As of September 2023, progress on Trains 1 through 3 is in line with the schedule under the EPC contracts.

West Coast Boom for Jenner & Block with New Office Space in Century City and San Francisco

Retrieved on: 
Wednesday, December 13, 2023
Entertainment, SAN, Exchange Square, AUSA, Tran, Silicon, Fintech, House, Partner, Social media, Kamala Harris, FERC, Private law, Jenner & Block, Lawyer, Growth, Content, Government, Airline, Nightclub, Practice of law, Video game, Cryptocurrency, San Francisco Bay Area

CENTURY CITY, Calif. and SAN FRANCISCO, Dec. 13, 2023 /PRNewswire/ -- Jenner & Block has expanded its presence in California, opening its third office in the state in Century City and more than doubling its footprint in San Francisco. With these additions – at 2029 Century Park East in Century City and 525 Market Street in San Francisco – the firm is poised to support its booming California practices and exciting lateral growth.

Key Points: 
  • CENTURY CITY, Calif. and SAN FRANCISCO, Dec. 13, 2023 /PRNewswire/ -- Jenner & Block has expanded its presence in California, opening its third office in the state in Century City and more than doubling its footprint in San Francisco.
  • Since 2021, the firm has added 13 lawyers in LA and 18 lawyers in San Francisco, bolstering the firm's growth.
  • The new Century City office follows the opening of the downtown Los Angeles office nearly 15 years ago.
  • Since the San Francisco office opened in 2021, the office has flourished with the addition of 18 lawyers.

WIRES Announces 2024 Officers and Board of Directors

Retrieved on: 
Tuesday, December 5, 2023
PSEG, Associate, GETS, Research, DLR, Regulation, American Electric Power, PPL Corporation, Public Service Enterprise Group, PJM, Weather, WIRES, FERC, Work, Burbure, DOE, AEP, Face, TFR, Electric power, Renewable energy, Public utility, Policy

WASHINGTON, Dec. 5, 2023 /PRNewswire/ -- WIRES, the transmission trade association that promotes investment in all aspects of the high-voltage grid, announced today its 2024 leadership team, with Jodi Moskowitz, Deputy General Counsel & RTO Strategy Officer at Public Service Enterprise Group (PSEG), elected as the new WIRES President. 

Key Points: 
  • I want to thank the WIRES 2023 Officers and Board of Directors for their tireless work, and I look forward to working closely with Jodi Moskowitz, the incoming WIRES president, and the entire 2024 leadership team."
  • WIRES' current president, Stacey Burbure will join the WIRES Board of Directors in 2024.
  • Current directors, Brian Gemmell and Dave Weaver have been elected to a second, two-year board term.
  • The WIRES Tech Talks webinar series features WIRES' rapidly growing roster of Associate Members discussing a variety of Grid Enhancing Technologies (GETs) and other advanced technology.

Report: U.S. energy sector reaches turning point on transmission

Retrieved on: 
Monday, November 27, 2023
Carbon, FTC fair information practice, Headache, Troutman Pepper, Real progress, Federal Energy Regulatory Commission, Federation, Uncertainty, Inflation, FERC, Cusp, DOE, Optimism, Electric power, Renewable energy

NEW YORK, Nov. 27, 2023 /PRNewswire/ -- The stars may finally be aligning to enable the build out of significant new transmission capacity in the U.S. energy market, according to the latest industry insight report from law firm Troutman Pepper.

Key Points: 
  • Transmission Upgrades – Are We on The Cusp of Real Progress?
  • ( available here ), launched today, reflects upon the views of a range of market actors seeking to plan, build or benefit from new transmission infrastructure.
  • It argues that recent legislative reforms, funding opportunities, and improved state-federal coordination have created an opportunity for energy companies and regulators to converge on solutions and remove long-standing roadblocks to new transmission.
  • FERC has begun to engage with state policymakers and regulators, most notably through the 'Joint Federal-State Task Force on Electric Transmission.'

Prisma Photonics Establishes First US Office in Austin, Texas Helmed by Ryan O'Keefe

Retrieved on: 
Thursday, November 16, 2023
NextEra Energy Resources, Safety, Senior, Weather, FERC, Prisma, Face, Ørsted

AUSTIN, Texas, Nov. 16, 2023 /PRNewswire/ -- Prisma Photonics, the award-winning, Israeli startup which utilizes advanced optical fiber technology to monitor large scale power utility infrastructure, announced today that it has opened its first US office in Austin, Texas. Longtime utility industry veteran Ryan O'Keefe will lead the US as Senior Vice President of U.S. Sales. Founded in 2017, Prisma Photonics works with leading power utilities in the United States and Europe to deploy solutions that identify threats to transmission assets in real time while offering hyper-accurate line ratings to help utilities comply with US FERC regulations and increase capacity on congested networks.

Key Points: 
  • AUSTIN, Texas, Nov. 16, 2023 /PRNewswire/ -- Prisma Photonics, the award-winning, Israeli startup which utilizes advanced optical fiber technology to monitor large scale power utility infrastructure, announced today that it has opened its first US office in Austin, Texas.
  • Longtime utility industry veteran Ryan O'Keefe will lead the US as Senior Vice President of U.S.
  • With a career spanning over 30 years, Ryan O'Keefe brings a wealth of experience and expertise to Prisma Photonics.
  • Prisma Photonics' optical fiber sensing technology covers several infrastructure sectors, including power, oil and gas pipelines, subsea infrastructure, railways, highways, and other long-range utilities.

TC Energy reports strong third quarter 2023 operating and financial results and achieves mechanical completion on Coastal GasLink ahead of target

Retrieved on: 
Wednesday, November 8, 2023
TC, PIN, Dampier to Bunbury Natural Gas Pipeline, US, Pipeline, Public expenditure, EST, Unit, Coastal GasLink Pipeline, Chairperson, CFE, Comparable, Environment, Bruce Power, Capital expenditure, Calendar, Natural gas, Capital, Sale, GTN, EDGAR, Keystone Pipeline, GAAP, Maintenance, TC Energy, Webcast, Investment, MST, Coast, VDR, Sustainability, EnergySolutions, History, MD, Growth, NiSource, Season, Finance, Audit, Water, GIP, EBITDA, USNG, LNG Canada, FERC, Governance, Annual report, Risk management, Oil, Safety, Health, LNG

Project execution: Coastal GasLink achieves mechanical completion, while continuing to advance Southeast Gateway

Key Points: 
  • Project execution: Coastal GasLink achieves mechanical completion, while continuing to advance Southeast Gateway
    We are pleased to announce that the Coastal GasLink project has achieved mechanical completion ahead of our year-end target.
  • In October, the project achieved 100 per cent pipe installation following the final weld at the base of Cable Crane Hill.
  • Land rights and rights of way negotiations have closed, and all critical permits for onshore construction have been received.
  • Closing of this transaction is a major step towards reaching TC Energy’s 2024 year-end leverage target of 4.75 times debt-to-EBITDA.

ScottMadden Releases Fall 2023 Edition of the Energy Industry Update

Retrieved on: 
Tuesday, November 7, 2023
PDF, Policy, Weather, Federal Energy Regulatory Commission, EST, Legislation, Wind, Growth, VPP, Bundesverband der Energie- und Wasserwirtschaft, EIU, The Hardest Part (Coldplay song), FERC, Traction, Virtual power plant, Renewable energy

Atlanta, Nov. 07, 2023 (GLOBE NEWSWIRE) -- ScottMadden, Inc., one of North America’s leading management consulting firms specializing in energy, has released its latest edition of the Energy Industry Update (EIU).

Key Points: 
  • Atlanta, Nov. 07, 2023 (GLOBE NEWSWIRE) -- ScottMadden, Inc., one of North America’s leading management consulting firms specializing in energy, has released its latest edition of the Energy Industry Update (EIU).
  • Denmark's Clean Energy Initiatives: Denmark has recently passed groundbreaking legislation mandating a 70% reduction in economy-wide greenhouse gas emissions by 2030.
  • Virtual Power Plants (VPPs): The aggregation of distributed energy resources (DERs) into VPPs is proving to be a game-changer in numerous energy markets.
  • The rapid growth and technological diversity of DERs are enabling new VPPs to shape the energy landscape.