Project Finance NewsWire

February 2003

IN THIS ISSUE

Popular PUHCA Exemption Narrowed

Enron lost the first round in a case that could have broad implications for power companies that operate in more than one state in the United States...

Project Sales: Traps For The Unwary

Merchant power companies seeking to sell or refinance projects to increase liquidity face wary purchasers or lenders who are giving renewed scrutiny to a number of legal issues that extend the due...

Tax Issues In Project Sales

Merchant power companies will remain under pressure for the next couple years to shed assets in order to raise cash to pay down debt...

LNG Projects Helped in the US

The US government moved at the end of 2002 to help prospective importers of liquefied natural gas, or “LNG,” by adopting a new regulatory policy that expressly authorizes development of closed-acc...

Mexico: Preparing For LNG

Developers have announced plans to build seven new plants to process imported liquefied natural gas, or “LNG,” in Mexico to supply the growing demand for gas in the country...

“New Source Review” Rules Bring Key Changes

by Roy Belden, in New York After more than 10 years of rulemaking deliberations, litigation, more than 50 stakeholder meetings and public hearings, and consideration of more than 130,000 comments,...