California Chaos: The Implications For Generators And Banks
The disarray in the California power market has the potential to bankrupt the utilities, engulf neighboring states, and put the state government in the business of generating and transmitting elec...
Turkey Overhauls Electricity Laws
Turkey is in the process of overhauling its electricity laws. The government submitted a bill to parliament in mid-December. The measure is expected to pass in early February...
Tax Incentives For Burning Local Coal
State tax credits to electricity generators for burning local coal may be unconstitutional because they favor in-state coal producers to out-of-state ones...
Municipal utilities are arguing with the US Treasury over whether a scheme to prepay for gas under long-term purchase contracts works | Norton Rose Fulbright
MUNICIPAL UTILITIES are arguing with the US Treasury over whether a scheme to prepay for gas under long-term purchase contracts works...
Holland Alters Its Approach To Tax Rulings
The Dutch government is moving – under pressure from the European Union – to change its approach to issuing advance tax rulings...
Claiming R&D Tax Credits On Projects | Norton Rose Fulbright
The Internal Revenue Service issued final rules in January on how to define “research” that qualifies for a 20% federal tax credit...
Environmental Update - February 2001
The Clinton administration managed — shortly before leaving office – to propose new rules for reducing air emissions that contribute to haze in national parks...
Corporate acquisitions got a little easier | Norton Rose Fulbright
CORPORATE ACQUISITIONS got a little easier...
HSR filings will be significantly more expensive starting February 1 | Norton Rose Fulbright
HART-SCOTT-RODINO filings will be significantly more expensive starting February 1...
Most turbine maintenance costs should be deductible - IRS Rev. Rul. 2001-4 | Norton Rose Fulbright
MOST TURBINE MAINTENANCE costs should be deductible...
Sale of a power contract can yield capital gain, provided the transaction is properly structured | Norton Rose Fulbright
SALE OF A POWER CONTRACT can yield capital gain, provided the transaction is properly structured...
Syncoal projects remain in limbo at the IRS | Norton Rose Fulbright
SYNCOAL PROJECTS remain in limbo at the IRS. Such projects qualify in theory for a tax credit under section 29 of the US tax code of $1.035 an mmBtu for converting coal into synthetic fuel...
Mexican President Vicente Fox
Mexican President Vicente Fox said he will seek an increase in withholding rates for interest paid to foreign banks.
Municipal utilities are arguing with the US Treasury over whether a scheme to prepay for gas under long-term purchase contracts works | Norton Rose Fulbright
MUNICIPAL UTILITIES are arguing with the US Treasury over whether a scheme to prepay for gas under long-term purchase contracts works...
Tax indemnities may be barred by the statute of limitations | Norton Rose Fulbright
TAX INDEMNITIES may be barred by the statute of limitations...
Congress madechanges in tax law that will affect power companies and project developers | Norton Rose Fulbright
CONGRESS made several changes in tax law in early December that will affect power companies and project developers...
Turkey increased a “temporary” corporate surtax from 20% to 25% | Norton Rose Fulbright -
BRIEFLY NOTED: Turkey increased a “temporary” corporate surtax from 20% to 25% in December . . . ...