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HTMLNew Temporary and Proposed Regulations Offer Welcome Clarification on Application of the Embedded Loan Rule
Robert S. Chase, Taylor M. Kiessig, Nicole S. Lim, Mary E. Monahan, Amish M. Shah; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 14, 2015, previously published on May 13, 2015
On May 8, 2015, the Treasury Department and the Internal Revenue Service published temporary and proposed regulations under IRC §§ 446 and 956 (T.D. 9719; REG-102656-15), clarifying when nonperiodic payments made pursuant to certain notional principal contracts (NPCs), must be bifurcated,...

 

HTMLKit Carson Electric Cooperative Receive Top UTC Award
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 13, 2015, previously published on May 12, 2015
The Utilities Telecom Council (UTC) has awarded Kit Carson Electric Cooperative its highest honor, the 2015 Utilities Telecom & Technology APEX Award.

 

HTMLGovernor Chris Christie Takes Action On Pending Legislation
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 13, 2015, previously published on May 12, 2015
In New Jersey, Governor Christie conditionally vetoed AB939/S1403. The bill, as written, would modify tax expenditure reports produced by the Department of the Treasury during the annual budget process. “Tax expenditures” includes credits such as the film tax credit. Further, the...

 

HTMLB.C. Signs LNG Revenue Sharing Agreements with 28 First Nations
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 13, 2015, previously published on May 12, 2015
The Financial Post reports that British Columbia (B.C.) Aboriginal Relations and Reconciliation Minister John Rustad recently revealed that “the province had now signed revenue-sharing agreements with 28 First Nations that would be affected by the development of LNG projects and connecting...

 

HTMLFocus On International Standards
Bert Adams, Eric A. Arnold, B. Scott Burton, James R. Dwyer, Eric R. Fenichel; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 13, 2015, previously published on May 13, 2015
The influence of international standards on the direction of insurance regulation in the United States has dominated public discussion about insurance regulation during recent years. Nowhere was that more evident than in Washington, D.C., last week. On May 5, the 6th Annual U.S.-EU Insurance...

 

HTMLUSDA Announces $100 million in Loans for Rural Electric Coop Utilities
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 13, 2015, previously published on May 12, 2015
Today the United States Department of Agriculture (USDA) announced $106.3 million in electric system infrastructure loans to rural electric cooperative utilities in four states. The loans include $9 million for smart grid improvements. The announcement comes during the 80th anniversary of the...

 

HTMLCE FLNG Submits Status Report
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 13, 2015, previously published on May 12, 2015
CE FLNG has submitted a report to FERC on the status of its proposed self-propelled floating LNG export terminal on the Mississippi River near Baptiste Collette Bayou in Plaquemines Parish, La. The report states that in March 2015, CE FLNG executed a term-sheet and other LNG marketing agreement(s)...

 

HTMLDelfin LNG Files Deepwater Port Application for LNG Exports
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 12, 2015, previously published on May 11, 2015
Delfin LNG LLC has submitted an application to the U.S. Maritime Administration and the U.S. Coast Guard to construct, own, and operate the Delfin LNG Project (Port Delfin) under the Deepwater Port Act. The proposed project will be located approximately 50 miles off the coast of Cameron Parish, La,...

 

HTMLAlaska Coop Becomes "Self-Generating"
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 12, 2015, previously published on May 11, 2015
Palmer, Alaska-based Matanuska Electric Association became “self-generating” on May 1 when its new 171-megawatt, gas-fired Eklutna Generating Station came online.

 

HTMLInternational Design Patent Filing Option Available May 13, 2015, to U. S. Filers
Christopher J. Chan, Stacy D. Fredrich, Jeremy D. Spier; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 12, 2015, previously published on May 11, 2015
Beginning May 13, 2015, U.S. applicants will be able to file international design patent applications through the U.S. Patent and Trademark Office. In addition, U.S. design patents resulting from applications filed on or after May 13, 2015, will have a 15-year term from issuance, which represents a...

 


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