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HTMLMichigan Coop Merger Talks Appear to Stall
Sutherland Asbill Brennan LLP;
Legal Alert/Article
December 16, 2014, previously published on December 9, 2014
Merger talks between the Alger Delta Cooperative Electric Association (Alger Delta) and Great Lakes Energy Cooperative have been complicated by Alger Delta’s “no sale” policy. Some members of the board for each coop remain interested in pursuing a merger. Proponents of a merger...

 

HTMLFirst Nations Sign Pipeline Benefit Agreements with B.C.
Sutherland Asbill Brennan LLP;
Legal Alert/Article
December 16, 2014, previously published on December 8, 2014
The Skin Tyee First Nation (Skin Tyee) and Nee Tahi Buhn Indian Band (Nee Tahi Buhn) in northern British Columbia (B.C.) have signed pipeline benefit agreements with the B.C. government allowing them to benefit from the proposed Coastal GasLink Pipeline project, which will run through the...

 

HTMLTexas LNG Brownsville Secures Funding for LNG Export Terminal
Sutherland Asbill Brennan LLP;
Legal Alert/Article
December 16, 2014, previously published on December 5, 2014
Texas LNG Brownsville LLC (Texas LNG) announced that it has secured development capital from Third Point LLC for a proposed 2 million tonnes per annum LNG export project on the Port of Brownsville shipping channel in Brownsville, Texas. Texas LNG expects to begin the FERC pre-filing environmental...

 

HTMLHouse Passes 2014 Tax Extenders, Senate Will Likely Follow Suit
Sutherland Asbill Brennan LLP;
Legal Alert/Article
December 16, 2014, previously published on December 5, 2014
In an overwhelming vote of 378 to 46, the House of Representatives passed a one-year extension on 55 tax provisions which expired at the end of 2013, so called “tax extenders.” The tax extenders bill includes numerous popular business tax breaks, like the research credit (with a price...

 

HTMLNFA Reminds Market Participants of the Need to Re-Affirm CPO and CTA Exemptions
Sutherland Asbill Brennan LLP;
Legal Alert/Article
December 16, 2014, previously published on December 4, 2014
Persons who have claimed an exemption or exclusion from commodity pool operator registration under CFTC regulation 4.5, 4.13(a)(1), 4.13(a)(2), 4.13(a)(3) or 4.13(a)(5), or an exemption from commodity trading advisor registration under CFTC regulation 4.14(a)(8), are required to reaffirm their...

 

HTMLNew Great River Energy CHP Plan Online
Sutherland Asbill Brennan LLP;
Legal Alert/Article
December 16, 2014, previously published on December 9, 2014
Minnesota-based Great River Energy’s (GRE) Spiritwood coal plant came online last month in North Dakota. The combined heat and power plant is nearly twice as efficient as conventional coal plants. In addition to generating power for GRE’s members, the plant will produce steam energy for...

 

HTMLNew Jersey Supreme Court Delivers Good News to Taxpayers in UPS Case
Andrew D. Appleby, Nicole D. Boutros; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
December 16, 2014, previously published on December 05, 2014
The New Jersey Supreme Court held that the New Jersey Division of Taxation improperly exercised its discretion when it refused to waive its imposition of $1.8 million in late payment penalties and tax amnesty penalties. The taxpayers, five subsidiaries of United Parcel Service of America...

 

HTMLPetronas Postpones FID on Pacific NorthWest LNG Terminal
Sutherland Asbill Brennan LLP;
Legal Alert/Article
December 16, 2014, previously published on December 5, 2014
Petronas has announced that it is deferring a final investment decision (FID) for its $36 billion proposed Pacific NorthWest LNG terminal in Port Edward, British Columbia (B.C.). Petronas stated that despite resolving several issues with the B.C. government, the recent decline in oil prices and...

 

HTMLCal LNG LLC Pursuing LNG Export Terminal on U.S. West Coast
Sutherland Asbill Brennan LLP;
Legal Alert/Article
December 12, 2014, previously published on December 3, 2014
Australian Oil Company Limited (AOC), a Sacramento Basin focused oil and gas company, announced the formation of Cal LNG LLC, a joint venture between AOC (42%), Xstate Resources Limited (18%) and private oil and gas company Blue Sky E&P Holdings Ltd (40%). Cal LNG is pursuing the development of an...

 

HTMLOne Extenders Deal Put Off After Veto Threat, 2014 Extension Vote May Be Coming Soon
Sutherland Asbill Brennan LLP;
Legal Alert/Article
December 12, 2014, previously published on December 2, 2014
For a few hours last week, it appeared that there was a bipartisan agreement on expiring tax provisions, but shortly after press reports on the deal, the agreement fell apart under threat of a White House veto. In a surprise to many, about 10 expiring tax provisions would have been made permanent...

 


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