Challengers to FERC's Storage Order File Briefs with the D.C. Circuit

On November 6 th , the last of three challengers to the Federal Energy Regulatory Commission’s (“FERC’s” or “Commission’s”) Storage Order, Orders No. 841 and 841-A [1] , filed briefs with the D.C. Circuit seeking to vacate the Commission’s determination that states may not issue blanket prohibitions on energy storage resource participation in wholesale markets. The challengers filed three briefs. A group of utilities (“Utilities”) and the National Association of Regulatory Utility Commissioners (“NARUC”) each filed as petitioners. The Transmission Access Policy Study Group (“TAPS”) filed a...
Tags: 

A new regime for Nigerian upstream royalty rates

What has happened? Nigerian President Muhammadu Buhari has taken the final steps to pass a new law amending the country’s upstream royalty rates applying to offshore and certain inland areas. The Deep Offshore and Inland Basin Production Sharing Contracts (Amendment) Bill (“ Amendment ”) quickly passed through Nigeria’s National Assembly and was returned to the President for his assent. What does it cover? The Amendment makes changes to an existing law – the Deep Offshore and Inland Basin Production Sharing Contract 1993 (“ Act ”). The Act establishes the legal framework for deep offshore and...