Bonds and Financing
The Treasury Department and Internal Revenue Service recently issued a notice of proposed rulemaking on the credit for Qualified Commercial Clean Vehicles (tax code section 45W).
Electricity Markets
The Long Island Power Authority’s Board of Trustees in December approved a proposal for LIPA to execute a Power Supply Management and Fuel Supply Management Services Agreement with The Energy Authority Inc. for a five-year term.
The Indiana Municipal Power Agency received approximately $15.7 million of tax credit benefits plus interest through the Inflation Reduction Act for its work to develop renewable energy resources for its 61 municipal members.
Generation
Indiana-based Hallador Energy on Jan. 7 announced that its wholly owned subsidiary, Hallador Power Co. executed a Conversion Transaction Commitment Agreement with a global data center developer, effective January 2, 2025.
Electricity Markets
The Vermont Public Power Supply Authority that Burlington Electric Department has joined VPPSA as a Strategic Member.
Energy Storage
The U.S. Department of Energy’s Loan Programs Office announced a conditional commitment for a loan guarantee of up to $1.76 billion (including up to $279 million in capitalized interest) to GEM A-CAES, LLC for the Willow Rock Energy Storage Center, an advanced compressed air energy storage system (A-CAES) in Eastern Kern County, California.