New California Energy Rules May Complicate Financing of Renewable Energy Projects
Proposed changes in market rules and in future power purchase agreements could significantly complicate the financing of intermittent renewable projects being developed for the California market...
Effect of UK Bribery Act on Project Finance Market | Norton Rose Fulbright
Companies with any tie to the United Kingdom — beyond just share listings in London — will be subject to a tough new anti-bribery statute that takes effect on July 1...
Outlook For Private Investment In US Infrastructure
The United States has been engaged in steady hand wringing about crumbling infrastructure, but the dire fiscal condition of the federal and state governments is making it difficult to find the mon...
How Close Are Large-Scale Ocean Energy Projects?
Five CEOs of companies that are developing devices that can generate electricity from waves and tidal currents participated in a roundtable discussion at the 4th annual Global Marine Renewable Ene...
Attention Shifts From A Clean Energy Bank to a Broader Infrastructure Bank
Four competing proposals for a national infrastructure bank — one from the Obama administration and three others in the House and Senate — are starting to take shape in Washington...
Congress
Congress may look at taxing partnerships and other pass-through entities with at least $50 million a year in revenue like corporations...
The US Department of Energy
The US Department of Energy sent letters on May 10 to project developers whose renewable energy projects are in the loan guarantee queue notifying them whether they made the cut of a couple dozen ...
The US Treasury
THE US TREASURY said it will reimburse developers for 30% of the cost of improvements to some existing renewable energy projects.
Biomass Power Plants
Biomass power plants that burn gas or liquid fuels made from biomass qualify for Treasury cash grants for 30% of the project cost, the Treasury said in April...
Depreciation Bonus
Depreciation bonus rules that the Internal Revenue Service issued in late March were more favorable to project developers than expected...
California Property Taxes
California property taxes have become a nettlesome issue for solar developers. Efforts are underway in the state legislature to clarify a key issue...
Partnership Flip Transactions
Partnership flip transactions have been edging away from strict adherence with guidelines that the IRS issued in 2007 for such transactions.
Municipal Utilities
Municipal utilities will have to start withholding 3% of what they pay for electricity to independent generators starting as early as 2013 under new regulations the IRS issued in May...
Renewable Energy Projects in Puerto Rico
Renewable energy projects in Puerto Rico qualify in some instances for investment credits — and, by extension, Treasury cash grants — the IRS ruled privately in May...
US Retail Electricity Prices
US retail electricity prices ranged from a high of 21.21¢ a kilowatt hour in Hawaii to 6.08¢ a kilowatt hour in Wyoming...
Connecticut
Connecticut enacted a new tax on electricity generators on May 4. The tax applies to nuclear and fossil fuel power plants. Renewable energy facilities are exempted. The rate is 0...
California
California increased the share of electricity that utilities must supply from renewable sources to 33% by 2020.
The Renewable Portfolio Standard
The renewable portfolio standard in Arizona is legal, a state appeals court said in April. Arizona requires electric utilities to supply at least 25% of their electricity from renewables by 2025...
A Synfuel Plant
A synfuel plant was in service for tax purposes even though it produced little output and sat idle for four years while the developer tried to find a buyer...
Production Tax Credits
Production tax credits for generating electricity from wind, geothermal energy and “closed-loop” biomass are 2.2¢ per kilowatt hour in 2011.
A Tax Credit Transaction
A tax credit transaction was struck down by a federal appeals court in late March. Three individuals persuaded 282 investors in November 2001 through April 2002 to invest $6...
Foreign Corrupt Practices Act
Foreign Corrupt Practices Act prosecutions of US businesses for bribing foreign government officials are on a notable upswing.
Success Fees
Success fees in acquisitions need to be capitalized only in part, the IRS said in April...
Grants
Grants paid by the US Department of Energy for projects that use clean coal technologies or capture carbon dioxide at industrial facilities do not have to be reported as income, the IRS said in Ap...
The US Patent Office
The US Patent Office is reexamining a patent it issued in 2003 to the Wealth Transfer Group LLC to protect a method the group claimed it invented to reduce gift taxes...
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