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HTMLEdmonton Industrial Park to Develop LNG for Export to China
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 27, 2014
The Edmonton Economic Development Corporation (EEDC) announced plans to build a 1,000 acre industrial park in Sturgeon County, including a facility to make LNG to export to China. EEDC signed a memorandum of understanding with two partners - Gascana AB Energy Ltd. And Gascana-Sino Industrial Park...

 

HTMLA Smorgasbord of State Tax Issues: Virginia Addresses Entity Classification, Nexus and Subject-to-Tax Add-Back Exception
Andrew D. Appleby, Kathryn E. Pittman; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 27, 2014
In a post-audit challenge by a taxpayer, the Virginia Tax Commissioner addressed entity classification, nexus and royalty add-back issues. The Commissioner found that the taxpayer did not provide sufficient evidence that its single member LLC was a disregarded entity or that certain entities were...

 

HTMLCoops Poised to Use Solar Power
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 25, 2014
Bob Gibson, vice president of education and communication for the Solar Electric Power Association, spoke recently at the G&T Communicators Summer Conference held at the National Rural Electric Cooperative Association (NRECA) headquarters. Gibson discussed options that utilities, including coops,...

 

HTMLVirginia State Agencies Respond to Cove Point EA
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 25, 2014
The Commonwealth of Virginia responded to FERC’s Environmental Assessment (EA) for the proposed construction of and improvements to Dominion Cove Point LNG’s liquefication facilities at the existing Cove Point LNG Terminal located in Lusby, Maryland. Virginia agencies concluded that, if...

 

HTMLGolar LNG Limited Successfully Prices Public Follow-On Offering of its Common Stock
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 27, 2014
On Wednesday, Golar LNG announced the pricing of its offering of 11 million shares of common stock at $54 per share. The stock opened trading today at the price of 59.27, a 9.8% increase from the offering price. Golar LNG granted its underwriters a 30-day option to purchase up to an additional...

 

HTMLFERC Provides Project Update for Golden Pass LNG
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 25, 2014
FERC has released an update on the status of its review of Golden Pass LNG’s application for an export facility at an existing import terminal in Jefferson County, Texas, a new three-mile long pipeline in Calcasieu Parish, Louisiana, three new compressor stations in Jefferson County, Texas,...

 

HTMLLNG Exports Bill Faces Uphill Battle in Senate
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 27, 2014
Earlier this week, the U.S. House of Representatives passed, with strong bi-partisan support, H.R. 6 which would expedite the timeline for LNG export applications. It is uncertain if a similar bill will be adopted in the Senate. Congressman Cory Gardner, author of H.R. 6, called on Sen. Mary...

 

HTMLMTC Speaks with Potential Transfer Pricing Vendors
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 26, 2014
On June 25, the Arm’s Length Adjustment Services Advisory Group (the Group) of the Multistate Tax Commission (MTC) met via teleconference to continue the process of developing a multistate arm’s length pricing adjustment service. States participating in the meeting included Alabama,...

 

HTMLRepatriation Holiday in the Driver’s Seat?
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 25, 2014
Senator Harry Reid (D-Nev.) and Sen. Rand Paul (R.-Ky.) are in negotiations on a one-time repatriation “holiday,” which would allow U.S. corporations to repatriate foreign earnings at a special reduced rate. No proposal has formally been released, but reports on the negotiations say...

 

HTMLCoBank Announces New Regional Vice President, Electric Distribution
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 27, 2014
CoBank has announced that it has named Miranda Stokes as Regional Vice President, Electric Distribution. Stokes joines CoBank from the Global Banking and Markets Division of Bank of America Merrill Lynch in Chicago.

 


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