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Senate Finance Committee Tax Reform Proposal Streamlines Energy Tax Credits

On December 18, 2013, Senate Finance Committee Chairman Max Baucus (D-MT) released a proposal that would streamline energy tax incentives to make them more predictable and technology neutral. The proposal would consolidate...more

Bi-partisan Infrastructure Bill Introduced in U.S. Senate

On November 14, a bipartisan group of ten U.S. Senators, led by Mark Warner (D-VA) and Roy Blunt (R-MO), introduced legislation to create a new independent Infrastructure Financing Authority (IFA) to issue loans and loan...more

Automatic Reductions in Subsidy Payments for Certain Direct Pay Bonds will Continue for Fiscal Year 2014

Pursuant to the requirements of the Budget Control Act of 2011 and the American Taxpayer Relief Act of 2012, on March 1, 2013, President Obama signed an Executive Order reducing the budgetary authority in accounts subject to...more

Energy Tax Law Alert: IRS Clarifies "Beginning of Construction" Guidance

On September 20th, the IRS issued Notice 2013-60, which updates prior guidance, contained in Notice 2013-90, regarding the "begin-construction" requirement for the production tax credit (PTC) under Section 45 of the Internal...more

TRANSACTIONAL: Project Development / Finance: PF2 and its relevance to PPPs in the GCC

The Private Finance Initiative (PFI) was a public-private partnership (PPP) model introduced by the United Kingdom government back in 1992 as a tool to engage the private sector to design, construct, finance and operate...more

Treasury may be Planning to Issue More PTC “Start of Construction” Guidance

Yesterday, at the American Wind Energy Association’s Finance & Investment Seminar in Manhattan Attorney-Advisor Christopher Kelley of the U.S. Treasury, speaking on his own behalf, said that the Treasury and IRS are...more

Savings, Solar, And Shade - Taking Advantage of Arizona’s Public School District Energy Contract Statutes

Arizona has abundant sun and heat. What it does not have in abundance is funding for school districts to construct any facilities or to pay ever increasing utility bills. Many districts are struggling to find the...more

The Projects and Construction Review, Chapter 22 "Italy"

The current state of Italian project finance is the result of a trend initiated more than 20 years ago, when public resources started to become scarce and the construction or infrastructure needed private funds to be carried...more

Treasury Tells Congress PTC Guidance Provides the Desired Degree of Certainty in the Marketplace

A letter from Treasury Assistant Secretary for Legislative Affairs Fitzpayne to Rep. Coffman (R-CO) dated June 17, 2013 addresses the IRS’ recent guidance with respect to the “beginning construction” requirement for PTC...more

U.S. Senate Passes Water Resources Development Act

Hoping to address billions of dollars of necessary water infrastructure maintenance and improvements, the U.S. Senate passed the Water Resources Development Act (WRDA) on May 15, 2013....more

Bipartisan Group of Senators Wants Clarification of "Commencement of Construction" Under the Wind PTC

Last week, a group of U.S. Senators submitted a letter requesting swift clarification by the Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) of language regarding the wind production tax...more

Effect of Sequestration on Direct-Pay Bonds

The American Recovery and Reinvestment Act of 2009 allowed, for a limited period of time, the issuance of taxable state or local bonds for which the U.S. Treasury Department pays the issuer a specified percentage of interest...more

Can New Jersey Bank On the Infrastructure Bank?

The Northeast relies heavily on transportation for its day-to-day functions. Increasingly unpredictable climate changes, dense population, and rapidly aging infrastructure have made the ability to secure financial resources...more

NY PSC Acts on Energy Highway Initiative

New York’s “Energy Highway” continues to move forward. On October 22, 2012, the Energy Highway Task Force presented Governor Andrew Cuomo with its New York Energy Highway Blueprint (Blueprint), a comprehensive plan to upgrade...more

Green Building Update -- October 9, 2012

In This Issue: Green Building Focus - Green building benefits 'need better documentation'; LEED rating system grows into global phenomenon; CBRE puts up $1M to fund green building research; AIA commits to develop public...more

Energy Alert: Applications to Remain Eligible for the 1603 Grant Are Due September 30.

Renewable energy projects that are seeking the 1603 Grant in Lieu of Tax Credit based on beginning construction by December 31, 2011 (either through the 5% of Total Eligible Costs Safe Harbor OR through physical work of a...more

Green Building Update -- July 9, 2012

In This Issue: Green Building Focus -- Chemical makers say new LEED v4 rules will cost jobs; USGBC launches Global Initiative on Urban Resilience; SFPUC green headquarters opens; DOE funds energy efficiency training...more

The Canadian Oil Sands: A backgrounder: Derivative Plays

Given the magnitude of projected economic activity, oil sands producers will not be the only beneficiaries of the unprecedented development now underway. Aside from the necessary infrastructure developments, a plethora of...more

Green Building Update -- April 26, 2012

In This Issue: NACO's green building incentives report; AltBuild Expo coming to Santa Monica; GSA lists 30 fed. buildings for deep energy retrofits; Cities with the most Energy Star buildings in the U.S.; $26M in...more

Green Building Update -- March 26, 2012

In This Issue: Green Building Focus McCaughey's insights on EU green building; AltBuild Expo coming to Santa Monica; DOE's $5.2M for green building technologies; Green buildings improve sales, healing, grades; ULI's...more

Property Assessed Clean Energy Financing Update: Federal Housing Finance Agency (FHFA) Issues Notice of Proposed Rulemaking on...

A federal housing regulator is seeking public comment as it initiates a rulemaking with regard to Property Assessed Clean Energy (PACE) programs. PACE programs permit municipalities to provide financing to property...more

Renewable Energy Project Finance in the U.S.: 2010-2013 Overview and Future Outlook

1 EXECUTIVE SUMMARY The Mintz Levin law firm and GTM Research are pleased to provide an analysis of project financing trends for utility-scale renewable power projects and advanced project financing biofuel refineries...more

Treasury Clarifies 5 Percent Safe Harbor Ownership Guidelines for Section 1603 Grants for Renewable Energy Projects

The Treasury Department has issued guidance in the form of two new “Frequently Asked Questions” addressing when transferees or purchasers of renewable energy property will qualify for the 5 percent safe harbor for beginning...more

Treasury Department Issues Further Guidance on Section 1603 Grant Program

Yesterday, the Department of Treasury released guidance in the form of frequently asked questions (FAQs) on the cash-grant program enacted in Section 1603 of the American Recovery and Reinvestment Act of 2009, P.L. 111-5. The...more

Green Building Update - October 4, 2011

In This Issue: Fund has $650M to finance PACE programs; GREEN BUILDING FOCUS NASA, DOE to construct 'greenest' federal building; Siemens, Green Seal collaborate on green building guide; GRI's global reporting guidelines...more

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