The Senate Finance Committee and the House Ways and Means Committee sent inquiries to a number of commercial and residential solar power system developers seeking information about their use of federal tax incentives.
Cadwalader attorneys reviewed the decision by the United States Court of Appeals for the District of Columbia Circuit to reopen the issue of whether pipelines organized as partnerships may claim a tax allowance for ratemaking purposes.
House Representative Michael M. Honda (D-CA) introduced the Energy Storage for Grid Resilience and Modernization Act of 2016, which would amend the Internal Revenue Code to provide energy investment credits for energy storage properties connected to the grid.
Senate Finance Committee Chair Orrin Hatch (R-UT) requested information on the use and administration of the Treasury Department's Section 1603 cash grants and energy tax credits from the Treasury, the Internal Revenue Service and the Treasury Inspector General for Tax Administration.
The National Resources Defense Council urged state governments and power companies to prioritize clean investments and asserted that the U.S. Environmental Protection Agency's Clean Power Plan will keep projected climate progress "on track."
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