Here are the main points that came out of a survey of chief financial officers and general counsels at project developers, top bankers and investment bankers, and others involved in the market...

More and more companies appear to be setting up captive insurance subsidiaries. In 2000, the number of captives increased worldwide by 31.6% over the prior year, climbing to more than 3,400...

As summer turns to autumn, the electricity and gas markets in California are more or less back to “normal...

Venture capital investments in the energy sector are on a dramatic upswing...

Chadbourne runs internal training sessions for lawyers in the project finance group and interested clients...

The environmental agenda is yet another casualty of the terrorist attacks on the United States on September 11...

THE TAX TREATMENT OF ELECTRIC INTERTIES will be settled by late November, officials at the US Treasury Department said. However, the World Trade Center disaster could delay things...

THE IRS TOLD OWNERS OF SYNFUEL PLANTS that make synthetic fuel from coal that they will have to agree to limit output to the “contract capacity” of a plant if they want a ruling that the plant qua...

A WINDFALL PROFITS TAX on electricity generators failed to pass the California legislature before the legislature adjourned in late September...

LOUISIANA clarified in late August that owners of new merchant power plants built in the state qualify for a 10-year holiday from parish and local property taxes...

West Virginia increased a reclamation tax on coal mining from 3¢ to 14¢ a ton, effective next January 1.

WINDPOWER PROJECTS will probably receive a break on property taxes from West Virginia...

Vietnam imposed a 25% surtax on highly profitable companies.

Peru adjusted its income tax rates

DEBT RESTRUCTURING: The owners of a distressed hydroelectric project tried — apparently without success — to avoid having to report taxable income after its lenders wrote off part of the project d...

THE IRS PROVIDED A ROADMAP for how to draft a hybrid loan...

THE IRS NIXED A SCHEME TO RELEASE FOREIGN TAX CREDITS for use in the US that were trapped in an offshore subsidiary...

A SECOND SCHEME TO RELEASE FOREIGN TAX CREDITS also was shot down. A US parent company owned an offshore subsidiary that had paid foreign taxes on its earnings...

A TAX PLANNING MEMO prepared by an accounting firm could not be withheld from disclosure to the IRS under the “attorney client privilege,” a federal court said...

FIVE PROMOTERS are being investigated by the IRS for failure to register transactions the government considers corporate tax shelters...