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ENERGY, POWER & COMMODITIES

OFAC compliance

OFAC sanctions compliance in the Energy, Power & Commodities sector sits under active enforcement pressure, with the U.S. Department of the Treasury's Office of Foreign Assets Control issuing sector-specific guidance on Russian energy transaction restrictions and secondary sanctions exposure that directly affects oil traders, LNG counterparties, and power infrastructure deals. The U.S. Department of Justice and the U.S. Department of Commerce's Bureau of Industry and Security have both signaled coordinated action on evasion schemes routed through commodity trading intermediaries. Compliance teams in this sector are currently auditing counterparty chains against the price cap coalition rules and re-screening vessel ownership structures that changed hands post-2022.

Watch

  • OFAC's Russia-related General Licenses: expiration dates and scope changes affecting energy carve-outs
  • Secondary sanctions exposure for non-U.S. commodity traders financing capped-price crude shipments
  • BIS export controls on dual-use equipment intersecting with power infrastructure project finance
  • Beneficial ownership re-screening requirements triggered by SDN list additions in the tanker fleet space

Recent material activity in Energy, Power & Commodities

A selection of recent published briefs; this is not a complete archive.

  • Sep 25, 2026MATERIAL

    NRC and DOE issue joint environmental clearance for Three Mile Island Unit 1 restart under federal loan guarantee

    The NRC, as lead agency, and the DOE Office of Energy Dominance Financing, as cooperating agency, issued a joint environmental assessment and finding of no significant impact on September 25, 2026 for proposed federal ac…

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  • Sep 25, 2026MATERIAL

    NRC considers license amendment allowing Alternate Concentration Limits at Homestake uranium mill reclamation site in New Mexico

    The NRC published notice on September 25, 2026 of an application by Homestake Mining Company of California to amend License No. SUA-1471 for the Grants Reclamation Project near Grants, New Mexico. The amendment would rep…

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  • Sep 25, 2026MATERIAL

    EPA final rule redefines scope of applicable requirements under Clean Air Act title V operating permit program

    EPA's final rule, published September 25, 2026, revises title V operating permit program regulations to codify the agency's existing interpretations of which Clean Air Act requirements qualify as applicable requirements.…

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  • Sep 25, 2026MATERIAL

    FERC opens scoping period for Tres Palacios Smith Cavern natural gas storage expansion in Texas

    FERC opened a scoping period on September 25, 2026 for the proposed Tres Palacios Smith Cavern Expansion Project, a natural gas storage facility in Texas. The notice solicits public and agency comments on environmental i…

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  • Sep 25, 2026MATERIAL

    FERC opens scoping period for Natural Gas Pipeline of America and Horizon Pipeline North Extension Project

    FERC opened a scoping period on September 25, 2026 for the proposed North Extension Project, involving Natural Gas Pipeline of America, LLC and Horizon Pipeline Company, LLC. The notice solicits public and agency comment…

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  • Sep 24, 2026MATERIAL

    DOE / EIA Energy Policy & Data release pending Cresthaven Analytics full analysis: Energy Department Announces Speed to Power Investments Across 26 States to Lower Electricity Costs and Improve Grid Reliability

    DOE / EIA Energy Policy & Data published a regulatory release titled 'Energy Department Announces Speed to Power Investments Across 26 States to Lower Electricity Costs and Improve Grid Reliability'. Cresthaven Analytics…

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  • Sep 24, 2026MATERIAL

    NRC proposes wholesale revision of reactor licensing, decommissioning, and operational oversight regulations under Executive Order 14300

    On September 24, 2026, the NRC published a proposed rule to revise its reactor licensing, decommissioning, and operational oversight regulations. The proposal implements Section 5 of Executive Order 14300, which directs …

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  • Sep 24, 2026MATERIAL

    EPA reopens public comment on 2024 Texas SIP disapproval covering emissions during power plant maintenance activities

    The EPA granted reconsideration on May 11, 2026 of its December 20, 2024 disapproval of a Texas state implementation plan governing visible emissions and particulate matter during planned maintenance, startup, and shutdo…

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  • Sep 24, 2026MATERIAL

    EPA proposes consent decree setting deadlines for overdue California and Colorado ozone SIP final actions

    The EPA published notice on September 24, 2026 of a proposed consent decree in Center for Biological Diversity and Center for Environmental Health v. Lee Zeldin, No. 4:25-cv-10007-JST. The decree would resolve citizen-su…

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  • Sep 24, 2026MATERIAL

    FERC opens intervention window on Transcontinental Gas Pipe Line Company natural gas pipeline application

    FERC published a notice on September 24, 2026 opening the intervention deadline period for a Transcontinental Gas Pipe Line Company, LLC certificate or abandonment application. The notice establishes the procedural windo…

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