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Energy & Sustainability Washington Updates July 2019

Congress

House Hearing on Automotive Fuel Economy

On June 20, the House Committee on Energy and Commerce Subcommittee on Consumer Protection and Subcommittee on Environment and Climate Change held a hearing titled Driving in Reverse: the Administration’s Rollback of Fuel Economy and Clean Car Standards. The purpose of the hearing was to examine the proposed Safer Affordable Fuel-Efficiency (SAFE) Vehicles Rule, by which the Trump administration would roll back corporate average fuel economy (CAFE) standards and carbon pollution regulations for light duty cars and trucks for model years 2021 – 2026. Subcommittee members heard testimony from Bill Wehrum, Assistant Administrator for Air and Radiation and the Environmental Protection Agency, and Heidi King, Deputy Administrator of the National Highway Traffic Safety Administration. Other witnesses represented the Alliance of Automobile Manufacturers, the United Auto Workers, Consumer Reports, the California Air Resources Board, the Heritage Foundation, and others.

Tax Extenders Legislation

On June 18, Chairman of the House Ways and Means Subcommittee on Select Revenue Measures Mike Thompson (D-CA) announced the introduction of the Taxpayer Certainty and Disaster Tax Relief Act of 2019, a bill extending a number of important expired and expiring tax provisions through 2020. The House Committee on Ways and Means held a markup of this bill on June 20. The bill includes the credit for biodiesel and biofuels, credits for energy-efficiency improvements to commercial buildings and energy-efficient homes, and a number of other provisions. According to the committee, this is the first time in over 10 years that the House Committee on Ways and Means has extended these provisions on a prospective basis.

New Energy Legislation

  • H.R. 3427, the Eliminating the RFS and its Destructive Outcomes Act, was introduced by Rep. Francis Rooney (R-FL) with seven Republican cosponsors. The bill would repeal the Environmental Protection Agency’s renewable fuel program.

  • Rep. Steve King (R-IA) introduced H.R. 3411, a bill to amend the renewable fuel program under the Clean Air Act to account for small refinery exemptions in past calendar years, with no cosponsors.

  • Re. David McKinley (R-WV) introduced H.R. 3361, the Reliable Investment in Vital Energy Reauthorization Act. Reps. Paul Tonko (D-NY), David Loebsack (D-IA), Steve Watkins (R-KS), Scott Tipton (R-CO), and Dan Newhouse (R-WA) cosponsor the bipartisan bill, which would reauthorize hydroelectric production incentives and hydroelectric efficiency improvement incentives.

  • Rep. Clay Higgins (R-LA) introduced H.R. 3358, the Advanced Nuclear Energy Technologies Act, with no cosponsors. The bill would direct the Secretary of Energy to carry out demonstration projects relating to advanced nuclear reactor technologies to support domestic energy needs.

  • Sens. Lisa Murkowski (R-AK), and Joe Manchin (D-WV) have introduced bipartisan legislation to formally authorize the Federal Energy Management Program (FEMP) and establish energy and water usage reduction goals for federal buildings. The Federal Energy and Water Management Performance Act of 2019 is cosponsored by Sens. Rob Portman (R-OH), Jeanne Shaheen (D-NH), Cory Gardner (R-CO), and Mazie Hirono (D-HI).

  • Sens. Martha McSally (R-AZ) and Kirsten Sinema (D-AZ) introduced the Western Area Power Administration Transparency Act (S. 1931), which would require the Administrator of the Western Area Power Administration to establish a pilot project to provide increased transparency for customers.

  • Sens. Catherine Cortez-Masto (D-NV) and Ron Wyden (D-OR) introduced the Geothermal Energy Opportunities (GEO) Act (S. 1901). The bill would promote the growth of geothermal energy by developing stronger public-private partnerships, reducing barriers to leasing public land for geothermal energy use where certain energy extraction activities are permitted already, and promoting the direct development and deployment of geothermal heat pump technologies among large-scale facilities and buildings.

  • Sens. Ron Wyden (D-OR), Jeff Merkley (D-OR), Angus King (I-ME), Brian Schatz (D-HI), and Jack Reed (D-RI) have reintroduced the Marine Energy Research and Development Act (S. 1821). The bill would increase domestic production of low-carbon, renewable energy from the natural power of ocean waves, tides, and currents. Reps. Ted Deutch (D-FL), Suzanne Bonamici (D-OR), Peter DeFazio (D-OR), Paul Tonko (D-NY), and Alcee Hastings (D-FL) also introduced the bill in the House of Representatives.

Executive Branch

Federal Funding for Commercialization of Energy Technologies

The Department of Energy (DOE) will provide more than $24 million in funding for 77 projects supported by the Office of Technology Transitions (OTT) Technology Commercialization Fund (TCF). With matching funding by the private sector, the projects will advance the commercialization of promising energy technologies and strengthen partnerships between DOE’s National Laboratories and private sector companies to deploy the technologies to the marketplace. Selected labs and partners are listed here.

Weather and Climate Modeling Receive Federal Funding

DOE will also provide $13 million in funding for 27 projects in atmospheric sciences in an effort to improve models for predicting weather and climate. Selected projects cover a range of topics, from the role of aerosols in cloud formation to cloud dynamics that are important for improved predictions of severe storms, and will enhance the precision of current weather and climate models. A list of projects can be found here.

 

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About this Author

Member / Chair, Energy & Sustainability Practice
Member

Tom Burton’s zeal for innovation and passion for energy and sustainability have shaped the clean energy industry. He created one of the nation’s first clean energy legal practices. Clients ranging from investors to entrepreneurs to Fortune 100 companies rely on him for creative and strategic legal solutions, and he has completed hundreds of venture capital and private equity financings, mergers and acquisitions, and IPOs. He guides the industry’s next generation of leaders through active involvement with start-up organizations and accelerators. The Northeast Clean Energy Council recognized...

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Sahir Surmeli Energy & Sustainability Attorney Mintz Levin
Member

Sa is a highly skilled and versatile business counselor who advises companies, boards, entrepreneurs, investment banks and venture and private equity investors, as they build and grow companies. He handles public offerings, 144A and private financings, acquisitions, joint ventures and strategic partnerships. Sa guides public and private companies and investors, primarily in the energy and sustainability, technology, materials science, hospitality, retail and life sciences industries. Known as a problem-solver, Sa executes transactions with creative structures to address new opportunities in finance and development of new markets by clients in partnership with global corporations. He also helps entrepreneurs secure financing, commercial agreements and partnerships.

Sahir represents emerging growth and established energy technology, information technology, life sciences and retail companies, investors and investment banks in public offerings, 144A offerings and other private financings, mergers & acquisitions, joint ventures and strategic partnerships. Sa is listed among the Top 100 Cleantech & Renewables Lawyers by Euromoney’s LMG Cleantech & Renewable Energy. He was also named a Massachusetts Super Lawyer in 2014, 2015, 2016 and 2017.

Sa is a senior member of the firm’s Securities Practice Group and Technology Practice Group and serves as Co-chair of the firm's Energy & Sustainability Practice. The firm’s Energy & Sustainability Practice has completed more than 500 transactions across energy sectors totaling over $8.5 billion since 2006. Serving more than 250 clients, spanning the ecosystem from emerging companies to large corporations, venture capital and private equity funds, investment banks, project developers, and family offices, the firm is recognized nationally as a leading law firm in the space.

Sa has worked on a wide variety of capital-raising projects, including equity, debt, syndicated loan, strategic investment and structured finance offerings, with aggregate proceeds of more than $10.6 billion. He has extensive experience in corporate finance and securities law as well as mergers and acquisitions. Sa represents issuers, underwriters, initial purchasers, and placement agents in public and private equity offerings, debt offerings (particularly high-yield, but also investment grade), bank financings, leveraged buyouts, securitizations, and related transactions as well as private equity funds in leveraged buyouts. He is also a key contributor to MintzEdge, an online resource for entrepreneurs that includes useful tools and information for starting and growing a company.

Sa has an MBA in corporate finance and focuses on adding value in complex financing structures and helping younger companies navigate the challenges of the public and private markets. He handles projects in a broad range of sectors, including energy and clean technology, information technology, telecommunications, materials technology, biotech, aerospace, semiconductor, retail and hospitality. He also has extensive international experience — he previously practiced in New York, Tokyo, and Hong Kong and now works from the Boston office of Mintz. He has represented clients in the United States, Australia, Canada, China, France, Germany, Japan, Korea, the Netherlands, Turkey, the United Kingdom, and elsewhere.

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