Electric utilities will no longer have to buy electricity from “qualifying facilities” under the national energy plan that the Senate passed in April. Existing contracts with QFs are not affected...

Developers planning new power projects in the United States should take into account the possibility that an array of new energy tax incentives will become law this fall...

For public companies, events of recent months have spotlighted the question of when financial transactions having the effect of boosting revenues or earnings or reducing taxes may cross the line t...

A ruling by the Internal Revenue Service in May suggests that companies would be wise to look into doing their future borrowing using convertible debt instruments and then structuring the debt so ...

One hundred fifty years after the first miners struck gold at Sutter’s Mill, companies rushed to cash in on California’s newest source of riches: power markets...

Argentina made further changes in its bankruptcy laws in mid-May...

A US court of appeals said in April that the Federal Energy Regulatory Commission can continue with an experiment to allow companies that hold rights to transport gas on interstate pipelines to se...

Haze in National Parks A US appeals court struck down a key section of a US Environmental Protection Agency rule aimed at reducing haze in national parks in late May...

THE NEW DEPRECIATION BONUS that Congress enacted last March may undergo some “technical corrections...

AN OCTOBER 31 DEADLINE is looming...

A STRATEGY FOR REPATRIATING FOREIGN EARNINGS was upheld...

AGGRESSIVE CORPORATE TAX PLANNING is coming under fire from Congress...

AN AMNESTY for reporting aggressive tax schemes to the IRS to avoid penalties netted about 1,600 disclosures. The amnesty expired on April 23...

CORPORATE INVERSIONS generate more heat...

ARGENTINA moved in May to subject foreign shareholders of Argentine companies to personal assets taxes on their shares...

ELECTRIC AND GAS INTERTIES remain a hotbed of activity...

CALIFORNIA said income from the sale of power by an out-of-state electricity supplier to a California purchaser is earned for tax purposes outside California...

Louisiana confirmed that independent power plants are subject to property taxes at a lower rate than power plants that supply power directly to retail customers.

New York is considering awarding local taxing districts broader authority to waive property taxes on power plants and to enter instead into so-called PILOT agreements.

SALE OF A POWER PURCHASE AGREEMENT produced capital gains...

MINOR MEMOS: A farm bill that President Bush signed into law in mid-May authorizes federal loans at government borrowing rates, loan guarantees and grants to farmers, ranchers and rural small busi...