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September 4, 2024

NetZero Insider

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Treasury, DOE Issue Proposed ‘FEOC’ Rules for EV Tax Credits

As U.S. automakers pull back on plans to invest heavily in electric vehicles, claiming sales are not growing as fast as expected, the Treasury Department and Internal Revenue Service issued new guidelines on the federal tax credits for EVs that could further slow sales.

NECEC
Maine Ethics Commission Resolves Probe of NECEC Foes
Maine’s ethics watchdog has resolved alleged campaign finance law violations surrounding the controversial New England Clean Energy Connect project.
WKRC
Former Ohio PUC Chair Charged with Bribery
Former PUCO Chair Sam Randazzo pleaded not guilty to charges that FirstEnergy paid him $4 million in bribes before his appointment to aid the utility.
EVgo
4 Things Cathy Zoi Learned About the Car-charging Business as Head of EVgo
Charging company EVgo has yet to earn a profit. But Cathy Zoi, who headed the company for six years, is bullish on the industry’s future.
Long Island Power Authority
New York Issues Expedited Renewable Energy Solicitations

New York is moving quickly to keep its renewable energy development queue viable, launching solicitations for new onshore and offshore large-scale projects.

EDF Renewables
COP28: 118 Countries Pledge to Triple Renewables to 11,000 GW by 2030
Renewables pledge calls for ending investment in new coal-fired power plants, "which is incompatible with efforts to limit warning to 1.5°C.”
Shutterstock
Massachusetts Gives Itself Good Grades in Climate Report Card
Massachusetts's first-ever "Climate Report Card" found that all of the state’s sectors are “on track” for their 2025 decarbonization targets. 
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NJ Farmers See Economic Benefit in Dual-use Solar Plan
The dual-use solar pilot program could help provide a much needed revenue flow for New Jersey's struggling farms, proponents say.
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Cap-and-trade Subject of Employment Claim Against Wash.
A recently retired state economist has filed a claim against Washington, alleging he was ordered not to include cap-and-trade costs in a revenue forecast, leading to him to leave his position with the agency
United Nations
COP28 Leaders Divided on Role of Fossil Fuels in Energy Transition
Earth is living through its hottest year on record, and global efforts to curb human-generated greenhouse gas emissions driving those high temperatures are not keeping up with commitments to cut emissions.

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