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HTMLKinder Morgan to Purchase Shell's Equity Interest in the Elba LNG Liquefaction Joint's Venture
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 17, 2015, previously published on July 16, 2015
Today, Kinder Morgan, Inc. announced that it has agreed to purchase 100% of Shell’s equity interest in Elba Liquefaction Company, LLC (ELC), the owner of the proposed Elba Liquefaction and export project, to be located at the existing Elba Island LNG import terminal near Savannah, Ga. Kinder...

 

HTMLAccess to LNG Export Market "Vital" to Canadian Gas Producers
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 17, 2015, previously published on July 16, 2015
The Canadian Association of Petroleum Producers has released a report concluding that Canadian gas producers must have access to global LNG markets to avoid a decade of decline in natural gas production. According to the press release, “U.S. natural gas supplies are displacing western...

 

HTMLFloridian Natural Gas Storage Granted Order to Reduce LNG Storage, Sendout Capacity
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 17, 2015, previously published on July 16, 2015
FERC issued an order granting Floridian Natural Gas Storage Company’s request to modify the previously authorized proposed Phase 1 LNG storage facilities near Indiantown, Fla. by substituting a 1 Bcf single-containment LNG storage tank for the previously authorized 4 Bcf full-containment tank...

 

HTMLThe U.S. and Other Nations Reach Historic Nuclear Deal with Iran
Cheryl I. Aaron, Mark D. Herlach, Beverly J. Rudy; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 16, 2015, previously published on July 15, 2015
On July 14, the P5+1 (China, France, Russia, the United Kingdom, the United States and Germany) reached a historic nuclear agreement with Iran, following almost two years of negotiations. Under the Joint Comprehensive Plan of Action (the JCPOA or the Plan of Action), Iran will scale back its...

 

HTMLIRS Targets Use of Basket Option Contracts and Basket Contracts by Hedge Funds and Other Taxpayers as Tax Avoidance Transactions
Robert S. Chase, Daniel R.B. Nicholas, David A. Roby, Rich Sun, Carol P. Tello; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 16, 2015, previously published on July 15, 2015
On July 8, the Internal Revenue Service (IRS) issued two notices (Notice 2015-47, 2015-30 IRB 1, and Notice 2015-48, 2015-30 IRB 1) targeting the use of Basket Option Contracts and Basket Contracts as tax avoidance transactions or possible tax avoidance transactions. Similar transactions have...

 

HTMLIt's Curtains for Some Lump-Sum Window Programs
Bert Adams, Brian Barrett, Brenna M. Clark, Adam B. Cohen, Brittany Edwards-Franklin; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 16, 2015, previously published on July 15, 2015
On July 9, the Internal Revenue Service (IRS) released Notice 2015-49 to announce it intends to prohibit retirees who are receiving annuity payments from a defined benefit pension plan from electing a lump sum in lieu of the annuity. The IRS will prohibit these elections by amending the Treasury...

 

HTMLNo Appeal From Georgia Tax Tribunal's Decision on Texas Franchise Tax
Madison J. Barnett, Jonathan A. Feldman; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 16, 2015, previously published on July 15, 2015
Eight months ago, the Georgia Tax Tribunal held in Rosenberg that the Texas franchise tax (TFT) is a tax “on or measured by income” that qualifies for the pass-through entity owner’s subtraction modification available to individual Georgia residents (See prior coverage)....

 

HTMLDOE Issues Tolling Order on Rehearing of Corpus Christi LNG Order
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 15, 2015, previously published on July 14, 2015
The U.S. Department of Energy (DOE) has issued an order granting rehearing for further consideration regarding Sierra Club’s request for rehearing of DOE’s final opinion and order authorizing Cheniere Marketing (Cheniere) and Corpus Christi Liquefaction (CCL) to export LNG to nations...

 

HTMLNational Marine Fisheries Service Requests More Information for Jordan Cove Energy Project Biological Assessment
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 15, 2015, previously published on July 14, 2015
The West Coast Region of the National Marine Fisheries Service (NMFS) has filed a lengthy request with FERC for more information to enable NMFS to perform its evaluation of FERC’s Biological Assessment for the proposed Jordan Cove Energy Project LNG export terminal at Coos Bay, Ore., and...

 

HTMLCall (Un) Answered (the Second Ring): FCC Issues Sweeping Package of Declaratory Rulings on TCPA Petitions
Thomas M. Byrne, Juan C. Garcia, Allegra J. Lawrence-Hardy, Phillip E. Stano, Rocco E. Testani; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 14, 2015, previously published on July 13, 2015
In some of its most comprehensive guidance published in years, resolving more than 20 petitions requesting clarification of the Telephone Consumer Protection Act (TCPA), the Federal Communications Commission (FCC) on July 10 published a 138-page Declaratory Ruling and Order. Given the opportunity...

 


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