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Texas Supreme Court Gets “Salty” in Recent Underground Storage Opinion
On May 16, 2025 the Texas Supreme Court released its opinion in Myers-Woodward, LLC v. Underground Services Markham, LLC, 2025 WL 1415892...
Energy Current
Welcome to Foley’s Energy Current
The manner in which the world powers itself is evolving at a rapid pace. The Energy Current is your online resource for information and legal and business trends and insights affecting the oil & gas, energy transition and renewables industries.
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DOE Set to Eliminate Presidential Permit Requirement for Cross-Border Transmission Facilities and Streamline Electricity Export Authorizations
On May 12, 2025, the U.S. Department of Energy announced a proposal to streamline the application process for authorizations to transmit electricity from the United States to other countries.
High-Level Overview of certain Provisions Impacting Renewable Energy Incentives in “The One, Big, Beautiful Bill” Draft Legislation
The House Ways and Means Committee released a package of tax provisions that includes claw backs of certain provisions of the Inflation Reduction Act.
Mexican Government Proposes Bill to Regulate the Energy Sector
On February 4, 2025, Mexican President Claudia Sheinbaum submitted a bill to the Mexican Senate to revoke, issue, and amend various energy laws in accordance with the constitutional amendments passed in December 2024.
Texas’ Power Transmission Infrastructure: Addressing Growing Demand from Data Centers and Crypto Mining
Texas is facing a rapidly evolving energy landscape, driven in part by the surging power demands of data centers and cryptocurrency mining operations.
Foley Kicks Off 2025 at Infocast Projects & Money: Industry Insights and Policy Predictions
A large number of key players in the renewable energy industry kicked off their 2025 in New Orleans, Louisiana for the Annual Infocast Projects & Money conference.
Executive Order on Strengthening and Promoting Innovation in the Nation’s Cybersecurity and Potential Implications Under the Trump Administration
On January 16, 2025, President Joe Biden signed the “Executive Order on Strengthening and Promoting Innovation in the Nation’s Cybersecurity.”
Final Regulations for New Clean Energy Production and Investment Tax Credits
Last week, the IRS and Department of the Treasury issued the highly anticipated final regulations for the Clean Electricity Production Tax Credit set forth in Section 45Y of the Internal Revenue Code of 1986.
IRS Releases Final Regulations Under Section 48 of the Code
The Internal Revenue Service and Department of the Treasury last week released final regulations relating to investment tax credits under Section 48 of the of the Internal Revenue Code.
