Project Finance NewsWire

December 2017

IN THIS ISSUE

House tax bill: Effect on market

A draft tax-cut bill released Thursday by the chairman of the House tax-writing committee is a mixed bag for the power industry and infrastructure trade.

Environmental update

A top credit rating agency, Moody’s Investors Service Inc., put coastal communities in the United States on notice in late November that they must either start preparing for the impacts of climate change...


IN OTHER NEWS

Suniva tariffs

Solar companies are bracing for a decision by President Trump on whether to impose tariffs on imported solar cells and modules.

Perry NOPR

US Energy Secretary Rick Perry's proposal to require grid operators in competitive markets to dispatch coal and nuclear power plants ahead of other types of power is expected to...

CFIUS

CFIUS may be given authority to review more inbound foreign investment into the United States and to charge filing fees for doing so.

Solar installed costs

Solar projects were being built at an average cost in the United States of $1.03 a watt in the first half of 2017

PPA value

Two lawsuits that test whether the amount paid to buy a power project must be allocated partly to the power purchase agreement are moving forward.

State taxes on wind

Provisions in some "red" states to require super-majority votes by state legislatures before taxes can be increased are serving as an impediment to imposing taxes on wind farms.

Wind repowerings

Wind repowerings are expected to involve as many as 30% of US wind farms by the end of 2020

Government developers

A government corporation formed to act as developer of a gas pipeline or LNG project will not be subject to federal income taxes

REITs and SGIPs

A solar incentive payment from a utility counts as good income for a real estate investment trust.

Muni joint venture

A jointly owned company formed by a group of municipal utilities and electric cooperatives to enter into a...

CREBs

MORE CREBs money is available, but the new tax-cut bill passed by Congress repeals the authority to issue new bonds after this year.