Project Finance NewsWire

June 2014

IN THIS ISSUE

The Power Industry in Transition

The power industry business model in the United States is under stress. Demand for electricity nationwide is growing at roughly a 0.9% annual rate...

Outlook for Tidal Power

A group of ocean energy veterans talked at the 7th annual global marine renewable energy conference in Seattle in late April about what progress they are making to generate electricity from tidal ...

Wind Turbine Outlook

A panel of wind turbine manufacturers talked at the Global Windpower 2014 convention in Las Vegas in May about what changes are likely in wind turbines in the next five years, their order backlogs...

US Takes Steps to Advance LNG Exports

The US Department of Energy proposed changing its procedures in late May for acting on applications to export liquefied natural gas on a long-term, large-scale basis from the lower 48 states to co...

Environmental update

The US Environmental Protection Agency proposed reducing US greenhouse gas emissions from existing power plants in early June by 30% by 2030 from 2005 emissions...


IN OTHER NEWS

State-Mandated Power Contracts

State-mandated power contracts remain under a cloud after a US appeals court said in early June that Maryland cannot force utilities to sign long-term power contracts at different prices than the ...

Tax Credits

Tax credits for renewable energy remain in limbo in Congress...

REITs

REITs can own some solar equipment, the IRS said.

Rooftop solar

Rooftop solar has the potential to take away about 7% of retail electricity sales from US utilities, according to a report by Bernstein Research, an independent Wall Street research firm, in early June.

A Tax Planning Memo

A tax planning memo was not privileged and had to be disclosed to the IRS after the company shared the memo with its lenders...

More Solar Panels

More solar panels from China and Taiwan will be subject to US import duties, the US Department of Commerce said in early June. The duties are “countervailing” duties of 18...

Arizona

Arizona will start collecting property taxes in 2015 from solar companies that retain ownership of rooftop solar systems and lease them to customers after an effort failed in the legislature to overturn...

Ethanol Plants

Ethanol plants must be depreciated over seven years, the IRS said in May...

An Individual Was at Risk

An individual was at risk for half a loan even though he was unlikely to have to pay on his guarantee of the loan and may not have been able to do so...

Minor memos

The IRS may withdraw a private letter ruling it issued in 2012 that said investment tax credits can be claimed on solar projects owned by Indian tribes.