Project Finance NewsWire

February 2014

IN THIS ISSUE

Cost of Capital: 2014 Outlook

A group of industry veterans talked in late January about the current cost of capital in the tax equity, bank debt, term loan B and project bond markets and what they foresee in 2014...

Tax Equity Market Weighs New IRS Guidelines

New guidelines that the Internal Revenue Service issued for tax equity transactions in late December apply only to transactions involving tax credits for rehabilitating buildings, but they are hav...

The Outlook For Electricity Demand

James Turnure, director of the office of energy consumption and efficiency analysis in the US Energy Information Administration, spoke to Keith Martin of Chadbourne at the Infocast projects & ...

Opportunities: Southern California Power Needs

California faces serious challenges maintaining reliable electric service to more than six million people who live in the area from San Diego to Los Angeles after Southern California Edison decide...

Mexico Opens its Energy Markets

The Mexican Congress has until the end of April to pass implementing legislation after amending the Constitution on December 20 to allow sweeping changes in the oil and gas and power sectors...

Environmental update

Regulation of air emissions from power plants is in a state of flux in 2014, with particular uncertainty as to how regulators can and will tackle cross-state air pollution and the degree to which new and...


IN OTHER NEWS

Renewable Energy Tax Credits Could be Merged

A single clean energy tax credit would be created by combining eight existing tax credits for generating electricity under a draft bill that the Senate tax-writing committee staff released in Dece...

IP Holding Companies Lose in State Court

Separate holding companies for key assets like intellectual property or real estate were dealt a blow by an Arizona court  Home Depot set up a subsidiary in 1999 to hold its trademarks and other b...

The Volcker Rule

The Volcker Rule does not appear to prevent national banks from supplying tax equity to renewable energy projects structured as partnership flip transactions after federal bank regulators issued f...

CFIUS Summarizes Actions

CFIUS reported to Congress in December that 19.3% of the 114 proposed acquisitions of US companies that were submitted for review in 2012 were later withdrawn...

Real Estate Investment Trusts

Real estate investment trusts may be easier for corporations to create through tax-free spinoffs of real estate assets than thought earlier...

Partnerships

Partnerships that require the sponsor to fund operating deficits without any promise of repayment or capital account credit risk having to report the funding for deficits as taxable income...

Biodiesel Blenders

Biodiesel blenders who claim excise tax credits for mixing biodiesel into diesel fuel can only deduct the net excise taxes they pay on the blended fuel after the credits, the IRS said...

A Partner

A partner did not have to report a share of partnership income until his partnership interest “vested...

Minor memos

North Carolina ranked second in new solar capacity additions in 2013...