Federal Power Act: Primary federal legislation governing the transmission and wholesale of electric power in interstate commerce, including FERC jurisdiction and regulatory framework
Public Utility Regulatory Policies Act (PURPA): Federal law encouraging energy conservation and promoting greater use of domestic and renewable energy
Commodity Exchange Act: Federal regulation of commodity futures and options markets, relevant for virtual power purchase agreements as financial instruments
Dodd-Frank Wall Street Reform: Regulations affecting swap transactions and derivative contracts, which may apply to VPPAs depending on their structure
State Public Utility Commission Regulations: State-specific rules governing utility operations, power generation, and energy sales within state borders
Renewable Energy Portfolio Standards: State-specific requirements for renewable energy generation and procurement by utilities and other entities
Clean Air Act: Federal environmental law that may impact power generation facilities and influence VPPA structuring
Renewable Energy Credit (REC) Regulations: Rules governing the creation, trading, and retirement of RECs, which are often integral to VPPAs
Investment Tax Credit (ITC): Federal tax incentive for renewable energy investments, potentially affecting VPPA pricing and structure
Production Tax Credit (PTC): Federal tax incentive based on renewable energy production, potentially affecting VPPA pricing and structure
Uniform Commercial Code (UCC): State-adopted uniform laws governing commercial transactions, including aspects of energy sales and financial instruments
Federal Bankruptcy Code: Laws governing bankruptcy proceedings that may affect VPPA enforceability and counterparty protections
