How to write a tax report for an energy storage power station

Do I need to report long-term energy and capacity purchases?

Clarified that the requirement for applicants to report all long-term firm energy and capacity purchases from generation capacity located within the RTO/ISO market if the generation is designated as a resource with capacity obligation does not apply if the generation is from a qualifying facility exempt from Section 205 of the Federal Power Act.

What is the purpose of generating tax reports?

The objective of generating tax reports is to provide a detailed and precise record of an individual's or a company's financial data to the relevant tax authorities. This information is used to calculate the tax liability and determine the amount of tax due.

How many states have energy storage projects?

According to GTM Research, 21 states now have at least 20 MW of energy storage projects proposed, in construction, or deployed, and the United States surpassed 1 GWh of deployed energy storage in 2017. Various states have passed energy storage legislation or launched energy storage targets:

Can electric storage resources recover costs?

In January 2017, FERC issued a policy statement providing guidance on the ability of electric storage resources to concurrently recover costs through cost-based rates for transmission or grid support services and market-based rates for other services such as power sales.

How can electricity storage improve grid performance & reliability?

Wider deployment of electricity storage can benefit utilities by improving grid performance and reliability, allowing utilities to avoid the investment in peaking generation capacity and increase integration of renewable power into the grid.

When will California's energy storage mandate be enacted?

California — In October 2013, the California Public Utility Commission (CPUC) approved its proposed mandate that requires California’s large investor-owned utilities to procure 1,325 MW of energy storage by 2020, with installations required no later than the end of 2024.