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HTMLSeven Bps or Just a Blip - Obama Proposes New Fee on Financial Institutions
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 13, 2015, previously published on January 26, 2015
On Saturday, January 17, 2015, President Obama released a Fact Sheet outlining a new plan to “to simplify our complex tax code for individuals, make it fairer by eliminating some of the biggest loopholes, and use the savings to responsibly pay for the investments we need to help middle class...

 

HTMLFY 2016 Budget Tax Proposals Target Insurance Companies
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 13, 2015, previously published on February 3, 2015
On February 2, the Obama Administration released its fiscal year 2016 budget (FY 2016 Budget). The hallmarks of the FY 2016 Budget are proposals that would impose (i) a minimum tax on the current foreign earnings of U.S. corporations and their controlled foreign corporations (CFCs) and (ii) a...

 

HTMLWestern Farmers Electric Cooperative Inks Wind PPA
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 13, 2015, previously published on January 21, 2015
Western Farmers Electric Cooperative has agreed to a power purchase agreement with Apex Clean Energy for the purchase of 50 MW of electricity from the 150-MW Grant Wind project.

 

HTMLBasin Electric Focuses on Long-Term Needs as Oil and Gas Prices Remain Low
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 13, 2015, previously published on February 12, 2015
Basin Electric Power Cooperative (Basin Electric) continues to focus on the long-term needs of its members, particularly those active in the Bakken oil and gas fields, as oil and gas prices remain low. Energy price declines remain ongoing, but Basin Electric is looking at new projects to ensure...

 

HTMLVenture Global LNG Obtains Financing for Calcasieu Pass Export Project
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 13, 2015, previously published on February 11, 2015
Venture Global LNG, Inc. announced that it has obtained $125 million in equity financing to fund the development of LNG export facilities in the United States, including Venture Global’s Calcasieu Pass Project in Cameron Parish, La. According to the press release, full commencement of the...

 

HTMLNRECA Urges EPA to Maintain Current Ozone Standard
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 13, 2015, previously published on February 3, 2015
he US Environmental Protection Agency (EPA) has proposed additional restrictions on ozone standards. The newer standards would be very costly to power plants, which might require owners to choose between implementing expensive emissions controls for coal and natural gas-fired units or shutting such...

 

HTMLUnderstand State’s Mediation Privilege Rules Before Mediation Preparations
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 13, 2015, previously published on February 7, 2015
It may be surprising to some, but not all states have the same rules regarding privilege of statements used in mediation. The U.S. District Court for the Eastern District of Pennsylvania recently considered the boundaries of the privilege under Pennsylvania law. In the case, following a workplace...

 

HTMLIRS Announces $281 Million Available Under New CREBs Program
Matthew W. Nichols, Darryl F. Smith; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
February 13, 2015, previously published on February 6, 2015
On February 3, the Internal Revenue Service (IRS) released Notice 2015-12 (the Notice) which solicited applications for a third round of allocations of volume cap for new clean renewable energy bonds (New CREBs) under Section 54C of the Internal Revenue Code.

 

HTMLEPA and Sierra Club Reach Partial Settlement in Ozone SIP Litigation
Jay Holloway, Daniella Landers, Emily L. Seidman, Liz Williamson; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
February 13, 2015, previously published on February 11, 2015
The U.S. Environmental Protection Agency (EPA) and the Sierra Club have entered into a proposed consent decree that would partially resolve a lawsuit brought by the Sierra Club against the agency. Notice of the proposed settlement was published in the Federal Register on February 5, 2015. The EPA...

 

HTMLCFTC Penalizes Summit Energy for Failure to Register as a CTA
Sutherland Asbill Brennan LLP;
Legal Alert/Article
February 13, 2015, previously published on February 4, 2015
On January 16, the CFTC issued a settlement order requiring Summit Energy Services, Inc. to pay a $140,000 civil monetary penalty for acting as an unregistered CTA in violation of Section 4m(1) of the CEA. The CTA regulatory regime merits particular attention from market participants, due to the...

 


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