• Congress Approves Creation of Clean Renewable Energy Bonds
  • August 19, 2005 | Authors: Dorothy B. Franzoni; Matthew W. Nichols
  • Law Firm: Sutherland Asbill & Brennan LLP - Atlanta Office
  • On August 8, President Bush signed into law the Domenici-Barton Energy Policy Act of 2005 (the "Act"). The Act creates a new category of tax credit bonds called Clean Renewable Energy Bonds ("CREBs"). H.R. 6, 109th Cong. (2005) (enacted) § 1504. These bonds will give electric cooperatives access to incentives comparable to the conventional tax incentives Congress has provided to the for-profit sector to provide clean and renewable generation.