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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...

 

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,...

 

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.

 

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...

 

HTMLFlorida's Bob Ross Cloud: Happy, Puffy and Tax-Free
Andrew D. Appleby, Stephen Burroughs; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 25, 2014
The Florida Department of Revenue determined that the sale of remote storage and cloud computing services, along with related data transfer fees, are information services not subject to Florida sales tax or Communication Service Tax (CST). The taxpayer’s remote storage service grants...

 

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...

 

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,...

 

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...

 

HTMLDowneast LNG alters plan for LNG Terminal
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 25, 2014
Dean Girdis, CEO of Downeast LNG, announced that the company is altering the proposed Washington County, Maine, facility to be a “bi-directional facility.” The facility would handle both the import and export of natural gas. The proposed project would have the ability to liquefy 2...

 

HTMLHouse Passes Bill to Expedite Timeline for LNG Exports
Sutherland Asbill Brennan LLP;
Legal Alert/Article
July 3, 2014, previously published on June 26, 2014
On Wednesday, the U.S. House of Representatives passed H.R. 6, a bill to, among other purposes, expedite approval for the export of LNG to World Trade Organization countries. The bill passed 266-150, and it would reduce the timeline for DOE approval from 90 days to 30 days following the conclusion...

 


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