Combined Notice of Filings #1, 76820-76821 [2024-21292]
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Federal Register / Vol. 89, No. 182 / Thursday, September 19, 2024 / Notices
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Authority: Section 116 of the
Education Sciences Reform Act of 2002
(20 U.S.C. 9516).
Matthew Soldner,
Acting Director, Institute of Education
Sciences.
[FR Doc. 2024–21446 Filed 9–18–24; 8:45 am]
BILLING CODE 4000–01–P
DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
lotter on DSK11XQN23PROD with NOTICES1
Combined Notice of Filings #1
Take notice that the Commission
received the following exempt
wholesale generator filings:
Docket Numbers: EG24–285–000.
Applicants: Kalamazoo Generating
Station, LLC.
Description: Kalamazoo Generating
Station, LLC submits Notice of SelfCertification of Exempt Wholesale
Generator Status.
Filed Date: 9/12/24.
Accession Number: 20240912–5064.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: EG24–286–000.
Applicants: Livingston Generating
Station, LLC.
Description: Livingston Generating
Station, LLC submits Notice of SelfCertification of Exempt Wholesale
Generator Status.
VerDate Sep<11>2014
16:59 Sep 18, 2024
Jkt 262001
Filed Date: 9/12/24.
Accession Number: 20240912–5065.
Comment Date: 5 p.m. ET 10/3/24.
Take notice that the Commission
received the following electric rate
filings:
Docket Numbers: ER24–465–000.
Applicants: Nestlewood Solar I LLC.
Description: Refund Report: Refund
Report to be effective N/A.
Filed Date: 9/11/24.
Accession Number: 20240911–5155.
Comment Date: 5 p.m. ET 10/2/24.
Docket Numbers: ER24–1866–002.
Applicants: Power Authority of the
State of New York, New York
Independent System Operator, Inc.
Description: Tariff Amendment: New
York Independent System Operator, Inc.
submits tariff filing per 35.17(b): NYPA
Amendment to Formula Rate Template
Revisions to be effective 7/1/2024.
Filed Date: 9/12/24.
Accession Number: 20240912–5114.
Comment Date: 5 p.m. ET 9/17/24.
Docket Numbers: ER24–2078–000.
Applicants: Nestlewood Solar I LLC.
Description: Refund Report: Refund
Report to be effective N/A.
Filed Date: 9/11/24.
Accession Number: 20240911–5156.
Comment Date: 5 p.m. ET 10/2/24.
Docket Numbers: ER24–2305–000.
Applicants: American Transmission
Systems, Incorporated, PJM
Interconnection, L.L.C.
Description: Refund Report: American
Transmission Systems, Incorporated
submits tariff filing per 35.19a(b): ATSI
submits Refund Report in Docket No.
ER24–2305 to be effective N/A.
Filed Date: 9/11/24.
Accession Number: 20240911–5043.
Comment Date: 5 p.m. ET 10/2/24.
Docket Numbers: ER24–2560–000;
ER24–2581–000; ER24–2611–000.
Applicants: Energy Prepay IV, LLC,
Energy Prepay III, LLC, Energy Prepay I,
LLC.
Description: Supplement to 07/19/
2024, Energy Prepay I, LLC, et al. tariff
filing.
Filed Date: 9/6/24.
Accession Number: 20240906–5227.
Comment Date: 5 p.m. ET 9/16/24.
Docket Numbers: ER24–3024–000.
Applicants: Tucson Electric Power
Company.
Description: 205(d) Rate Filing:
Service Agreement No. 547, Engineering
and Procurement Agreement to be
effective 8/14/2024.
Filed Date: 9/12/24.
Accession Number: 20240912–5000.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24–3025–000.
Applicants: Southwest Power Pool,
Inc.
PO 00000
Frm 00035
Fmt 4703
Sfmt 4703
Description: 205(d) Rate Filing: 4318
SPS GIA to be effective 8/29/2024.
Filed Date: 9/12/24.
Accession Number: 20240912–5008.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24–3026–000.
Applicants: Southwest Power Pool,
Inc.
Description: 205(d) Rate Filing: 4325
SPS GIA to be effective 8/30/2024.
Filed Date: 9/12/24.
Accession Number: 20240912–5012.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24–3027–000.
Applicants: Appalachian Power
Company.
Description: 205(d) Rate Filing:
OATT—Revise Attachment K, AEP
Texas Inc. Rate Update to be effective
10/1/2024.
Filed Date: 9/12/24.
Accession Number: 20240912–5042.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24–3028–000.
Applicants: Kalamazoo Generating
Station, LLC.
Description: Baseline eTariff Filing:
Application for Market-Based Rate
Authorization to be effective 11/11/
2024.
Filed Date: 9/12/24.
Accession Number: 20240912–5058.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24–3029–000.
Applicants: Livingston Generating
Station, LLC.
Description: Baseline eTariff Filing:
Application for Market-Based Tariff
Authorization to be effective 11/11/
2024.
Filed Date: 9/12/24.
Accession Number: 20240912–5060.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24–3030–000.
Applicants: Panther Creek Power
Operating, LLC.
Description: Compliance filing:
Panther Creek Informational Filing and
Request for Waiver to be effective N/A.
Filed Date: 9/12/24.
Accession Number: 20240912–5123.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24–3031–000.
Applicants: Scrubgrass Reclamation
Company, L.P.
Description: Compliance filing:
Scrubgrass Informational Filing and
Limited Waiver Request to be effective
N/A.
Filed Date: 9/12/24.
Accession Number: 20240912–5124.
Comment Date: 5 p.m. ET 10/3/24.
The filings are accessible in the
Commission’s eLibrary system (https://
elibrary.ferc.gov/idmws/search/
fercgensearch.asp) by querying the
docket number.
E:\FR\FM\19SEN1.SGM
19SEN1
Federal Register / Vol. 89, No. 182 / Thursday, September 19, 2024 / Notices
Any person desiring to intervene, to
protest, or to answer a complaint in any
of the above proceedings must file in
accordance with Rules 211, 214, or 206
of the Commission’s Regulations (18
CFR 385.211, 385.214, or 385.206) on or
before 5:00 p.m. Eastern time on the
specified comment date. Protests may be
considered, but intervention is
necessary to become a party to the
proceeding.
eFiling is encouraged. More detailed
information relating to filing
requirements, interventions, protests,
service, and qualifying facilities filings
can be found at: https://www.ferc.gov/
docs-filing/efiling/filing-req.pdf. For
other information, call (866) 208–3676
(toll free). For TTY, call (202) 502–8659.
The Commission’s Office of Public
Participation (OPP) supports meaningful
public engagement and participation in
Commission proceedings. OPP can help
members of the public, including
landowners, environmental justice
communities, Tribal members and
others, access publicly available
information and navigate Commission
processes. For public inquiries and
assistance with making filings such as
interventions, comments, or requests for
rehearing, the public is encouraged to
contact OPP at (202) 502–6595 or OPP@
ferc.gov.
Take notice that the Chief Accountant
of the Federal Energy Regulatory
Commission proposes to issue an
accounting release (attached) to provide
guidance on the accounting for the
transferability of income tax credits
related to certain energy projects as a
result of the Inflation Reduction Act of
2022, which allows entities to monetize
such credits via transfers to
independent third parties for cash.1 The
proposed accounting release would
require an entity to treat the transfer of
income tax credits as a nonoperating
activity, including revenue (i.e., the
entirety of the cash received) and
associated costs to facilitate the transfer.
This proposed accounting release would
apply to jurisdictional public utilities
and licensees and natural gas
companies.
This proposed accounting release is
not intended to prejudice the rate
treatment of the transfer of income tax
credits in any proceeding before the
Commission.
The Commission has reviewed the
proposed Accounting Release. At the
conclusion of the comment period
specified at the end of this notice, the
Chief Accountant will consider the
comments received, make any necessary
changes, and issue the final accounting
release. The effective date of the final
accounting release will be the day that
it is issued.
Specifically, comments on the
following accounting topics are
requested:
1. The proposed accounting release
would require an entity to treat the
transfer of income tax credits as a
nonoperating activity, including the
revenue received from the transfer of the
income tax credit (i.e., the entirety of the
cash proceeds) and any costs to
facilitate the transfer of income tax
credits. If you disagree with this
conclusion, please provide the basis for
your disagreement.
2. The proposed accounting release
would require an entity, upon the
transfer of its income tax credits to an
independent third party, to derecognize
all associated balances previously
recorded on its books, including
associated accumulated deferred income
tax (ADIT) balances. If you disagree
with this conclusion, please provide the
basis for your disagreement.
3. The proposed accounting release
would require an entity that purchases
a non-investment tax credit, such as a
production tax credit, from an
independent third party, to record the
tax credit on its books using the same
account (i.e., an ADIT asset) that it
would have used had it itself generated
the tax credit for use on its own income
tax return, with any costs incurred to
facilitate the purchase recorded as
nonoperating. If you disagree with this
conclusion, please provide the basis for
your disagreement.
1 Inflation Reduction Act of 2022 (IRA), H.R.
5376—117th Congress (2021–2022). The IRA
transferability provision allows a non-tax-exempt
entity (seller) with an income tax credit to transfer
the income tax credit to another non-tax-exempt
entity (purchaser) and such credit cannot later be
resold; as such, the seller would effectively receive
cash from the sale as if it was paid directly by the
IRS, as an incentive to encourage investment in
energy projects, and the buyer would be able to use
the purchased income tax credit for its own income
tax return purposes.
Dated: September 12, 2024.
Debbie-Anne A. Reese,
Acting Secretary.
[FR Doc. 2024–21292 Filed 9–18–24; 8:45 am]
BILLING CODE 6717–01–P
DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
[Docket No. AI24–1–000]
lotter on DSK11XQN23PROD with NOTICES1
Accounting for Transferability of
Income Tax Credits; Notice of
Proposed Accounting Release
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76821
4. The proposed accounting release
would require an entity that purchases
an investment tax credit from an
independent third party to use either
the flow-through or deferred method of
accounting for investment tax credits,
consistent with the Commission’s
existing accounting regulations, as if it
itself received the upfront tax credit
from the IRS, with any costs incurred to
facilitate the purchase recorded as
nonoperating. If you disagree with this
conclusion, please provide the basis for
your disagreement.
All interested parties are invited to
submit comments on this proposed
accounting release using the ‘‘eFiling’’
link at https://www.ferc.gov. In lieu of
electronic filing, you may submit a
paper copy which must reference the
accounting docket number.
To file via U.S. Postal Service: DebbieAnne A. Reese, Acting Secretary,
Federal Energy Regulatory
Commission, 888 First Street NE,
Washington, DC 20426
To file via any other courier: DebbieAnne A. Reese, Acting Secretary,
Federal Energy Regulatory
Commission, 12225 Wilkins Avenue,
Rockville, Maryland 20852
Comment Date: 5:00 p.m. Eastern
Time on October 25, 2024.
Dated: September 12, 2024.
Debbie-Anne A. Reese,
Acting Secretary.
Attachment
Federal Energy Regulatory Commission
Proposed Accounting Release: Docket
No. AI24–1–000 Accounting for
Transferability of Income Tax Credits
To All Jurisdictional Public Utilities
and Licensees and Natural Gas
Companies
Subject: Accounting for Transferability
of Income Tax Credits
The Inflation Reduction Act of 2022
allows for transferability of income tax
credits related to certain energy projects
and permits entities to monetize such
credits via transfers to independent
third parties for cash.2 The Commission
has previously determined that
dispositions of assets are not part of
normal recurring operating activities,
2 Inflation Reduction Act of 2022, H.R. 5376—
117th Congress (2021–2022) (which includes a
provision that allows a non-tax-exempt entity
(seller) with an income tax credit to transfer the
income tax credit to another non-tax-exempt entity
(purchaser) and such credit cannot later be resold;
as such, the seller would effectively receive cash
from the sale as if it was paid directly by the IRS,
as an incentive to encourage investment in energy
projects, and the buyer would be able to use the
purchased income tax credit for its own income tax
return purposes).
E:\FR\FM\19SEN1.SGM
19SEN1
]]>Agencies
[Federal Register Volume 89, Number 182 (Thursday, September 19, 2024)]
[Notices]
[Pages 76820-76821]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21292]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
Combined Notice of Filings #1
Take notice that the Commission received the following exempt
wholesale generator filings:
Docket Numbers: EG24-285-000.
Applicants: Kalamazoo Generating Station, LLC.
Description: Kalamazoo Generating Station, LLC submits Notice of
Self-Certification of Exempt Wholesale Generator Status.
Filed Date: 9/12/24.
Accession Number: 20240912-5064.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: EG24-286-000.
Applicants: Livingston Generating Station, LLC.
Description: Livingston Generating Station, LLC submits Notice of
Self-Certification of Exempt Wholesale Generator Status.
Filed Date: 9/12/24.
Accession Number: 20240912-5065.
Comment Date: 5 p.m. ET 10/3/24.
Take notice that the Commission received the following electric
rate filings:
Docket Numbers: ER24-465-000.
Applicants: Nestlewood Solar I LLC.
Description: Refund Report: Refund Report to be effective N/A.
Filed Date: 9/11/24.
Accession Number: 20240911-5155.
Comment Date: 5 p.m. ET 10/2/24.
Docket Numbers: ER24-1866-002.
Applicants: Power Authority of the State of New York, New York
Independent System Operator, Inc.
Description: Tariff Amendment: New York Independent System
Operator, Inc. submits tariff filing per 35.17(b): NYPA Amendment to
Formula Rate Template Revisions to be effective 7/1/2024.
Filed Date: 9/12/24.
Accession Number: 20240912-5114.
Comment Date: 5 p.m. ET 9/17/24.
Docket Numbers: ER24-2078-000.
Applicants: Nestlewood Solar I LLC.
Description: Refund Report: Refund Report to be effective N/A.
Filed Date: 9/11/24.
Accession Number: 20240911-5156.
Comment Date: 5 p.m. ET 10/2/24.
Docket Numbers: ER24-2305-000.
Applicants: American Transmission Systems, Incorporated, PJM
Interconnection, L.L.C.
Description: Refund Report: American Transmission Systems,
Incorporated submits tariff filing per 35.19a(b): ATSI submits Refund
Report in Docket No. ER24-2305 to be effective N/A.
Filed Date: 9/11/24.
Accession Number: 20240911-5043.
Comment Date: 5 p.m. ET 10/2/24.
Docket Numbers: ER24-2560-000; ER24-2581-000; ER24-2611-000.
Applicants: Energy Prepay IV, LLC, Energy Prepay III, LLC, Energy
Prepay I, LLC.
Description: Supplement to 07/19/2024, Energy Prepay I, LLC, et al.
tariff filing.
Filed Date: 9/6/24.
Accession Number: 20240906-5227.
Comment Date: 5 p.m. ET 9/16/24.
Docket Numbers: ER24-3024-000.
Applicants: Tucson Electric Power Company.
Description: 205(d) Rate Filing: Service Agreement No. 547,
Engineering and Procurement Agreement to be effective 8/14/2024.
Filed Date: 9/12/24.
Accession Number: 20240912-5000.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24-3025-000.
Applicants: Southwest Power Pool, Inc.
Description: 205(d) Rate Filing: 4318 SPS GIA to be effective 8/29/
2024.
Filed Date: 9/12/24.
Accession Number: 20240912-5008.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24-3026-000.
Applicants: Southwest Power Pool, Inc.
Description: 205(d) Rate Filing: 4325 SPS GIA to be effective 8/30/
2024.
Filed Date: 9/12/24.
Accession Number: 20240912-5012.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24-3027-000.
Applicants: Appalachian Power Company.
Description: 205(d) Rate Filing: OATT--Revise Attachment K, AEP
Texas Inc. Rate Update to be effective 10/1/2024.
Filed Date: 9/12/24.
Accession Number: 20240912-5042.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24-3028-000.
Applicants: Kalamazoo Generating Station, LLC.
Description: Baseline eTariff Filing: Application for Market-Based
Rate Authorization to be effective 11/11/2024.
Filed Date: 9/12/24.
Accession Number: 20240912-5058.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24-3029-000.
Applicants: Livingston Generating Station, LLC.
Description: Baseline eTariff Filing: Application for Market-Based
Tariff Authorization to be effective 11/11/2024.
Filed Date: 9/12/24.
Accession Number: 20240912-5060.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24-3030-000.
Applicants: Panther Creek Power Operating, LLC.
Description: Compliance filing: Panther Creek Informational Filing
and Request for Waiver to be effective N/A.
Filed Date: 9/12/24.
Accession Number: 20240912-5123.
Comment Date: 5 p.m. ET 10/3/24.
Docket Numbers: ER24-3031-000.
Applicants: Scrubgrass Reclamation Company, L.P.
Description: Compliance filing: Scrubgrass Informational Filing and
Limited Waiver Request to be effective N/A.
Filed Date: 9/12/24.
Accession Number: 20240912-5124.
Comment Date: 5 p.m. ET 10/3/24.
The filings are accessible in the Commission's eLibrary system
(https://elibrary.ferc.gov/idmws/search/fercgensearch.asp) by querying
the docket number.
[[Page 76821]]
Any person desiring to intervene, to protest, or to answer a
complaint in any of the above proceedings must file in accordance with
Rules 211, 214, or 206 of the Commission's Regulations (18 CFR 385.211,
385.214, or 385.206) on or before 5:00 p.m. Eastern time on the
specified comment date. Protests may be considered, but intervention is
necessary to become a party to the proceeding.
eFiling is encouraged. More detailed information relating to filing
requirements, interventions, protests, service, and qualifying
facilities filings can be found at: https://www.ferc.gov/docs-filing/efiling/filing-req.pdf. For other information, call (866) 208-3676
(toll free). For TTY, call (202) 502-8659.
The Commission's Office of Public Participation (OPP) supports
meaningful public engagement and participation in Commission
proceedings. OPP can help members of the public, including landowners,
environmental justice communities, Tribal members and others, access
publicly available information and navigate Commission processes. For
public inquiries and assistance with making filings such as
interventions, comments, or requests for rehearing, the public is
encouraged to contact OPP at (202) 502-6595 or [email protected].
Dated: September 12, 2024.
Debbie-Anne A. Reese,
Acting Secretary.
[FR Doc. 2024-21292 Filed 9-18-24; 8:45 am]
BILLING CODE 6717-01-P
