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HTMLSenator Wyden Renews Push for Tax Extenders
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 25, 2014, previously published on September 18, 2014
The Congressional tax agenda for the end of 2014 is now clear: tax extenders and inversions. Even as inversions dominate the news, Senate Finance Committee Chairman Ron Wyden (D-Ore.) is continuing his push to pass legislation which extends expired tax provisions. On September 15, Senator Wyden...

 

HTMLAlaskan LNG Delegation Travels to Asian Nations
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 25, 2014, previously published on September 17, 2014
Alaska Dispatch News reports that Alaskan state officials and executives from BP, one of the sponsors of the Alaska LNG Project, recently traveled to Japan, China and South Korea to meet with utilities and others that may be involved in purchasing LNG supplies from the project. The report states...

 

HTMLMild Summer to Dampen Debt Service Coverage Ratios
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 25, 2014, previously published on September 17, 2014
Mild summer weather conditions in much of the country could dampen year-end electric sales and contribute to declining debt service coverage ratios for the public power and electric cooperative sectors in 2014, Fitch Ratings says. Public power and electric cooperative credit ratings can withstand...

 

HTMLWhat Financial Advisers and Accountants Should Know About Expanded IRS Streamlined Filing Compliance Procedures for U.S. Taxpayers with Unreported Foreign Assets and Accounts
Bruce M. Bettigole, Maia Cogen, Joseph M. DePew, Carol P. Tello, H. Karl Zeswitz; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
September 22, 2014, previously published on September 16, 2014
The Internal Revenue Service (IRS) recently announced “major changes” to its offshore compliance programs, including the Streamlined Filing Compliance Procedures (Streamlined Procedures), the delinquent international information return submission procedures (Delinquent Submission...

 

HTMLNow You See It, Now You Don’t: MTC Election Disappears in Michigan?
Michele Borens, Jonathan A. Feldman, Jeffrey A. Friedman, Todd A. Lard, Carley A. Roberts; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
September 22, 2014, previously published on September 17, 2014
On September 11, 2014, Michigan Governor Rick Snyder signed S.B. 156, which purports to repeal the state’s adoption of the Multistate Tax Compact (the Compact) retroactive to January 1, 2008. Mich. Pub. Acts 2014, No. 282 (S.B. 156). As explained by the Senate Fiscal Agency’s Bill...

 

HTMLSchumer-Durbin Target Earnings Stripping
Jonathan Goldman; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
September 22, 2014, previously published on September 17, 2014
The change from summer to fall did nothing to alter the focus of the Congressional tax debate ¿ inversions. To that end, two Senators have introduced a new bill on “earnings stripping.”

 

HTMLBasin Electric Receives Federal Approval for Major Transmission Line
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 22, 2014, previously published on September 16, 2014
Basin Electric Power Cooperative (Basin Electric) recently received federal approval for construction of a 200-mile transmission line in western North Dakota. The project, which will include 345 kV transmission lines, two new substations and modifications to three existing substations, will start...

 

HTMLFERC Gives Final Clean Air Act Approval for Freeport LNG Export Terminal
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 22, 2014, previously published on September 15, 2014
Pursuant to the National Environmental Policy Act of 1969 and the Clean Air Act, FERC Staff has prepared a final General Conformity Determination (GCD) for the Freeport LNG export terminal project near Quintana Island, Brazoria County, Texas. The purpose of the GCD is to ensure that the project...

 

HTMLU.S. House Subcommittee Holds Hearing on Shipping of U.S. LNG Exports
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 17, 2014, previously published on September 12, 2014
The U.S. House of Representatives Subcommittee on the Coast Guard and Maritime Transportation held a hearing this week on the status of the U.S. Merchant Marine. The hearing focused on H.R. 5270, the bipartisan “Growing American Shipping Act” or GAS Act, which would promote the export...

 

HTMLCrowley Marine Subsidiary, Carib Energy, Receives Authorization to Export LNG to Non-FTA Nations
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 16, 2014, previously published on September 10, 2014
Today, the U.S. Department of Energy (DOE) issued a final order authorizing Carib Energy (USA) LLC (Carib), a wholly-owned subsidiary of Crowley Marine, to export up to 400,000 gallons of LNG per day in ISO containers over a 20-year period to any country located within Central America, South...

 


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