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HTMLTriple Threat: U. S. House Subcommittee Considers Three State Tax Bills
Michele Borens, Jonathan A. Feldman, Jeffrey A. Friedman, Todd A. Lard, Carley A. Roberts; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
June 3, 2015, previously published on June 2, 2015
On June 2, 2015, the U.S. House of Representatives Judiciary Committee’s Subcommittee on Regulatory Reform, Commercial and Antitrust Law conducted a hearing on three state tax bills: the Mobile Workforce State Income Tax Simplification Act, the Digital Goods and Services Tax Fairness Act, and...

 

HTMLGeorgia Public Service Commission Renders Initial Decision in Favor of Jackson EMC in Territorial Dispute with Georgia Power
Matthew J. Bowness, Benjamin C. Morgan, James A. Orr; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
June 3, 2015, previously published on June 3, 2015
The Georgia Public Service Commission recently rendered an initial decision in a dispute between Jackson EMC and Georgia Power under the so-called “grandfather clause” of the Georgia Territorial Act. Under the grandfather clause, an electric supplier has the right to continue serving...

 

HTMLColorado Coop Changing Solar Customer Rates
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 3, 2015, previously published on June 2, 2015
The Intermountain Rural Electric Association (IREA), a cooperative serving 145,000 customers across rural Colorado, plans to change the way it charges customers with solar panels on their homes. Some solar power customers could see their monthly bills rise as a result of the change.

 

HTMLTennessee Coop Proposes Purchase of Municipal Utility
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 2, 2015, previously published on Jun 1, 2015
Middle Tennessee Electric Membership Corporation (MTEMC) has proposed to the City of Murfreesboro its interest in purchasing and consolidating with the city’s municipal utility, Mufreesboro Electric Department (MED). The City of Murfreesboro is an “island” within MTEMC’s...

 

HTMLPerformance Anxiety: SEC Proposes Pay Versus Performance Rule
Steven B. Boehm, Adam B. Cohen, Michael A. Hepburn, Cynthia M. Krus, Paul R. Lang; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
June 2, 2015, previously published on June 1, 2015
On April 29, 2015, by a 3-2 vote, the Securities and Exchange Commission (the SEC) voted to propose a rule to implement Section 14(i) of the Securities Exchange Act of 1934 (the Exchange Act), as added by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the...

 

HTMLVenture Global LNG Closes on Additional $84.5 Million Financing Deal
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 2, 2015, previously published on June 1, 2015
Venture Global LNG, Inc. (“Venture”) announced today that it has closed on a third round of equity financing in the amount of $84.5 million. Venture has raised a total of over $210 million in capital for its proposed LNG export terminal on the Calcasieu Ship Channel in Cameron Parish,...

 

HTMLPublic Service Commission Affirms Hearing Officer’s Decision in Carroll EMC Territorial Act Dispute
Matthew J. Bowness, Benjamin C. Morgan, James A. Orr; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
June 2, 2015, previously published on June 2, 2015
The Georgia Public Service Commission (the PSC or Commission) recently adopted a hearing officer’s initial decision in a “reconstruction in substantial kind” case under Georgia’s Territorial Act. That case, previously reported on October 7, 2014, involved a territorial...

 

HTMLCheniere Requests Prompt FERC Action on Rehearing of Sabine Pass Stage 3 Facility Authorization
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 1, 2015, previously published on May 29, 2015
Cheniere Energy (Cheniere) has sent a letter to FERC Chairman Norman Bay requesting that FERC act no later than June 6, 2015, on Sierra Club’s request for rehearing of FERC’s order authorizing the Stage 3 Project (Liquefaction Trains 5 and 6) facilities at the Sabine Pass LNG terminal...

 

HTMLIndian Oil Corp. Signs Agreement for Cameron LNG Supplies
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 1, 2015, previously published on May 29, 2015
The Economic Times reports that Indian Oil Corporation has signed an interim agreement for the purchase from Mitsubishi Corporation of 0.7 million tonnes/year of LNG for 20 years from the Cameron LNG project in Hackberry, La. According to the report, the price for the LNG is indexed to the Brent...

 

HTMLValidus Affirmed for All the Right Reasons - The FET Does Not Apply to Wholly Foreign Reinsurance Transactions
Dennis L. Allen, Thomas A. Gick, Jeffrey H. Mace, Michael R. Miles, Mary E. Monahan; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
June 1, 2015, previously published on May 29, 2015
On May 26, the U.S. Court of Appeals for the District of Columbia affirmed the result of the U.S. District Court for the District of Columbia in Validus Reinsurance, Ltd. v. U.S., 19 F. Supp. 3d 225 (2014), which was the first case to involve a challenge to the Internal Revenue Service’s...

 


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