• 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) ยง 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.