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HTMLJapan Looks at Canadian LNG Supplies but Potential Obstacles Remain
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on January 22, 2014
The Globe and Mail reports that the Japanese government and Tokyo Electric Power Company are looking favorably upon obtaining LNG from British Columbia (B.C.), Canada. However, possible shortages of labor for terminal construction, details of the impending B.C. LNG tax, and the potential for a...

 

HTMLLatest Round of USDA Loans Announced
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on January 30, 2014
As part of the U.S. Department of Agriculture’s (USDA) Rural Economic Development Loan and Grant program, $13.9 million in loans and grants have been approved for electric coops spanning eight states.

 

HTMLMinnesota Coop Members Allowed to Pre-Purchase Energy
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 4, 2014
Lake Region Electric Cooperative, based in Pelican Rapids, Minnesota, is investing in a community solar initiative through a program that gives its members the chance to buy part of the solar output from the HQ Prairie solar project built at the coop’s headquarters.

 

HTMLPassage of New Farm Bill to Help Coops
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 6, 2014
Congress has recently approved the Agricultural Act of 2014 (Farm Bill), which President Obama is expected to sign into law. The $956 billion legislation is being hailed by electric cooperatives as a step forward for rural America.

 

HTMLArticle Discusses How Oregon LNG Terminals May Be Quicker Alternative for Canadian Gas Exports
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 20, 2014
An article in Financial Post discusses how the proposed Oregon LNG and Jordan Cove Energy Project LNG terminals in Oregon may provide a quicker alternative for Canadian gas to reach Asian markets than LNG exports from proposed British Columbia LNG export terminals. According to the article, if...

 

HTMLArizona Coop Forgoes 100% Equity Financing, Becomes CFC Borrower
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 11, 2014
Duncan Valley Electric Cooperative (DVEC), based in Duncan, Arizona, recently borrowed from the National Rural Utilities Cooperative Finance Corporation (CFC) to prepay future National Rural Electric Cooperative Association Retirement Security Plan contributions.

 

HTMLJapanese Utilities to Invest $1.2 Billion In Freeport LNG Train 1
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 28, 2014
Bloomberg reports that Osaka Gas Company (Osaka) and Chubu Electric Power Company (Chubu) will each invest $600 million for their own 25% in shares of liquefaction Train 1 at Freeport LNG’s proposed export terminal near Freeport, Texas.

 

HTMLMagnolia LNG Signs Precedent Agreement for Kinder Morgan Louisiana Pipeline Capacity
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on January 29, 2014
Magnolia LNG has executed a legally binding Precedent Agreement with Kinder Morgan Louisiana Pipeline (KMLP) for firm transportation rights for the full 8 million tonnes/year capacity of the Magnolia LNG export terminal at Lake Charles, La. According to the press release, KMLP will proceed to file...

 

HTMLShell Concerned With Proposed B.C. LNG Tax Rate
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 20, 2014
Financial Post reports that a spokesman for Royal Dutch Shell, a sponsor of LNG Canada’s proposed LNG terminal at Kitimat, British Columbia (B.C.), responded to the recently proposed B.C. LNG tax proposal by stating that his company has “been clear that the rate needs to be globally...

 

HTMLTexas Coop Amends and Extends CFC Facility
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 4, 2014, previously published on February 11, 2014
South Texas Electric Cooperative (STEC), a generation and transmission cooperative based in Nursery, Texas, recently amended and extended its $350 million revolving syndicated credit facility, for which the National Rural Utilities Cooperative Finance Corporation (CFC) serves as administrative...

 


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