Jacob Worenklein

Jacob Worenklein

Akin Gump Strauss Hauer & Feld LLP

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Treasury Proposes REIT Solar Regulations but Excludes Most Common Transactions

On the same day as President Obama’s speech championing solar, the Department of the Treasury proposed regulations defining “real estate assets” for purposes of the definition of a real estate investment trust (REIT). The...more

5/13/2014 - Barack Obama MLPs Partnership Agreements Publicly-Traded Companies Real Estate Investments REIT Solar Panels U.S. Treasury

Baucus Post-2016 Proposal: No Change to PTC & ITC Reduced to 20 Percent

Today, the chairman of the Senate Finance Committee, Max Baucus (D-MT), released his proposal for energy tax incentives as part of overall tax reform. The proposal is thoughtful and merits serious consideration by the...more

12/19/2013 - Energy Energy-Efficiency Tax Credits Greenhouse Gas Emissions Investment Tax Credits Master Limited Partnerships Production Tax Credit Renewable Energy Solar Energy Tax Incentives Tax Reform Wind Power

California Adopts Energy Storage Procurement Framework

California’s Public Utilities Commission (CPUC) has adopted the country’s first energy storage procurement targets requiring utilities to integrate energy storage resources into the state’s electricity grid. Pursuant to the...more

10/23/2013 - CPUC Energy Grid Energy Storage Infrastructure Public Procurement Policies Utilities Sector

IRS Provides Helpful Clarification to PTC “Start of Construction” Rules

On September 20th, the IRS in Notice 2013-60 clarified three critical issues in its guidance as to whether a wind project (or other type production tax credit (PTC) eligible project) is considered to have “started...more

9/23/2013 - Construction Contracts IRS Production Tax Credit Tax Credits

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