On May 29, 2024, the Internal Revenue Service (IRS) and the Department of Treasury issued proposed regulations (REG-119283-23) addressing the new technology neutral clean electricity production tax credit (PTC) in section 45Y...more
On May 16, 2024, the Internal Revenue Service (IRS) issued further guidance (Notice 2024-41, the Additional Notice) intended to provide clarity and certainty surrounding the domestic content1 bonus credit by (among other...more
Policies and incentives supporting the energy transition, combined with strong oil & gas cashflows and growing concerns over energy security, have enhanced efforts to modernize the industry and invest in technologies that...more
Guidance recently issued by the Department of the Treasury and the Internal Revenue Service (IRS) in proposed regulations (REG-117631-23) will (if held to be final) have a significant impact on green hydrogen projects in the...more
1/18/2024
/ Clean Energy ,
Comment Period ,
Energy Tax Incentives ,
Energy-Efficiency Tax Credits ,
Hydrogen Power ,
Inflation Reduction Act (IRA) ,
Infrastructure ,
Internal Revenue Code (IRC) ,
IRS ,
Production Tax Credit ,
Proposed Guidance ,
Proposed Regulation ,
Regulatory Agenda ,
Renewable Energy ,
U.S. Treasury
The past 12 months have been some of the trickiest to navigate for oil & gas companies in recent memory. Despite high energy prices and record cashflows, there is still uncertainty about what future paths to growth might look...more
12/21/2023
/ Acquisitions ,
Capital Raising ,
Energy Sector ,
FERC ,
Financing ,
Investment ,
Mergers ,
Oil & Gas ,
Private Equity ,
Regulatory Agenda ,
Renewable Energy
On October 23, 2023, the Federal Energy Regulatory Commission (FERC) issued an order that will permit Trailblazer Pipeline Company LLC (Trailblazer) to convert its approximately 400-mile-long natural gas pipeline system to...more
The Treasury Department and Internal Revenue Service (IRS) issued Proposed Regulations for carbon sequestration tax credits—under Section 45Q—addressing recapture risk and the availability of the credit when carbon is...more
6/4/2020
/ Carbon Capture and Sequestration ,
Energy Projects ,
Environmental Protection Agency (EPA) ,
Investment Tax Credits ,
IRS ,
Popular ,
Production Tax Credit ,
Proposed Regulation ,
Renewable Energy ,
Safe Harbors ,
U.S. Treasury
The Internal Revenue Service (IRS) has issued the first round of guidance regarding the tax credit for carbon oxide sequestration under Internal Revenue Code Section 45Q. This guidance is divided between two documents:...more
2/21/2020
/ Carbon Capture and Sequestration ,
Carbon Emissions ,
Energy Projects ,
Greenhouse Gas Emissions ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investors ,
IRS ,
New Guidance ,
Partnerships ,
Popular ,
Revenue Procedures ,
Safe Harbors ,
Tax Credits ,
Tax Planning
Solar developers need not worry that delivery delays caused by the coronavirus outbreak will disrupt investment tax credit (ITC) safe harboring. However, developers should take care to appropriately address any delays, as...more
2/18/2020
/ Coronavirus/COVID-19 ,
Delays ,
Energy Projects ,
Energy Sector ,
Infectious Diseases ,
Investment Tax Credits ,
IRS ,
Renewable Energy ,
Safe Harbors ,
Solar Energy ,
Supply Chain