IN THIS ISSUE

A Look Forward Into 2009

A new president and a new Congress will take office in January determined to play an active role in restoring the economy and to push the United States in the direction of “green” energy...

Tax Penalties for Restructuring Project Debt

Special-purpose companies created to develop, finance and operate large power and infrastructure projects have not been immune to the growing credit crisis...

How the Global Credit Crisis is Affecting Project Finance in the Gulf Arab States

How different the project finance landscape looks now in the six Arab states that make up the Gulf Cooperation Council — Kuwait, Qatar, Bahrain, Oman, the United Arab Emirates and Saudi Arabia...

Trends in Tax Equity for Renewable Energy

Most renewable energy projects in the United States are financed with a “tax equity,” a form of equity that is a hybrid on the spectrum between debt and equity...

Investment Adviser Must Get Prior Approval to Manage Utility Shares

The Federal Energy Regulatory Commission ruled in late November that an investment adviser should have gotten government approval before acquiring and managing more than $10 million in voting shar...

California Plans a Carbon Diet

Anyone who thinks that putting a program in place to cap carbon emissions in the United States will be easy should take a look at what is happening in California...

Options for Restructuring Publicly-Traded Debt

We live in turbulent financial times. Even companies with relatively stable financial positions face the prospect of restructuring their liabilities...

Overcoming Hurdles to Commercializing Cellulosic Ethanol

Although current efforts to produce cellulosic ethanol are frequently referred to as being near fruition, considerable uncertainty remains about the speed with which cellulosic ethanol will become...

Hooking Up: Recent Cases Affecting Grid Interconnection

Two major issues for independent power projects, especially wind, geothermal and large-scale solar, are who pays the costs of interconnection and which projects are allowed to use existing interco...