Finance & Banking, Energy & Utilities Law, Tax Law

Tax-Efficient Capital Vehicles for Unregulated Utilities: REITs, MLPs and Up-Cs Considered

by Nickolas Gianou, David Levy, Sean Shimamoto | Skadden, Arps, Slate, Meagher & Flom LLP on 5/15/2013

Over the last several years, a confluence of political and market developments have made capital for renewable energy projects harder to come by, which has affected the ability of unregulated affiliates of public utilities...more

Budget 2013-14: The Government targets multinationals to recover from the GFC - Baker & McKenzie

by Dixon Hearder, Amrit MacIntyre, John Walker | Baker & McKenzie Australia on 5/15/2013

The Treasurer has delivered the 2013-14 Budget. With the Treasurer noting that almost $170 billion has been wiped off tax receipts since the GFC, a series of measures increasing the tax burden of multinationals, foreign...more

Under The Dome: Inside The Maine State House 5-3-13

by Avery T. Day, John D. Delahanty, Andrea Cianchette Maker | Pierce Atwood LLP on 5/8/2013

In This Issue: Legislature Enters Final Stretch; Appropriators Receive Bad News Regarding Revenue Forecast; Tax Reform Proposal Officially Rolled Out; Major Initiatives of the Governor Topic of Debate... ...more

TRANSACTIONAL: Corporate/London: UK BUDGET 2013: The UK Government announces tax and other initiatives to support shale gas...

by King & Spalding on 5/6/2013

In March the UK Government delivered its Budget for 2013, announcing a number of tax and other initiatives designed to encourage investment in the exploitation of UK shale gas resources. The Department of Energy and Climate...more

White House Budget Proposes Numerous Tax Changes as Congressional Tax-Writing Committees Focus on Reform

by Armando Gomez, Paul McLaughlin, Cary Pugh | Skadden, Arps, Slate, Meagher & Flom LLP on 5/3/2013

On April 10, 2013, the White House released its proposed budget for fiscal year 2014. The budget contains significant tax proposals related to renewable energy, research and job creation, as well as numerous changes affecting...more

In Time of Austerity, President’s 2014 Budget Prioritizes Clean Energy Funding

by Bryan M. Stockton | Mintz Levin - Energy & Clean Technology on 4/11/2013

After two months of delay, the Obama Administration released its proposed 2014 budget on April 10. The 244-page document outlines the President’s spending priorities for the coming fiscal year. The proposal calls for $1...more

Ohio Legislators Strip Radioactive Drilling Waste, Severance Tax Provisions From Budget

by Jason Yearout | BakerHostetler on 4/10/2013

Yesterday we discussed the grim prospects for the NORM and TENORM provisions in Ohio Governor John Kasich’s proposed budget. Both industry and environmentalists opposed the provisions, and state legislators recently expressed...more

Mississippi Legislature Passes Two Bills that Should Provide Greater Certainty to Businesses and Spur Economic Development

by Bruce Ely, Charles Hill III, James Long, Stephen Wilson | Bradley Arant Boult Cummings LLP on 4/5/2013

The Mississippi Legislature recently passed two bills that should provide greater certainty to businesses and spur economic development in the Magnolia State. House Bill 892, signed into law by Governor Phil Bryant on March...more

2013 Federal Budget Impact On Mining Activities

by Brian Abraham | Dentons on 3/27/2013

The good news is that the mineral exploration tax credit of 15% has been extended for an additional year. In addition, the budget has made an amendment to Section 66.1(6) of the federal tax legislation to add the words...more

Water and Wastewater Projects: Financing with Tax-Exempt Bonds

by Devin Brennan, Stephen Spitz | Orrick, Herrington & Sutcliffe LLP on 3/27/2013

Introduction - Managers of water and wastewater utilities face complex financial challenges. The purpose of this guidebook is to provide an overview of issues relating to the financing of water and wastewater projects...more

March 2013 Federal Budget Provisions Concerning Pipeline Abandonment Trusts

by Marie Buchinski, Robert McCue, Lawrence Smith | Bennett Jones LLP on 3/26/2013

Overview - The March 21, 2013 Federal Budget changed the tax law applicable to the pipeline abandonment trust (Trust) structure that has been submitted to the National Energy Board (NEB) as the proposed mechanism for...more

Federal Budget, Economic Action Plan 2013

by Colleen Cebuliak | Dentons on 3/25/2013

On March 21, 2013, the Minister of Finance tabled the 2013 federal budget, Economic Action Plan 2013. There are announced changes which will be of particular interest to the mining sector....more

Budget Briefing 2013

by Osler, Hoskin & Harcourt LLP on 3/22/2013

The Honourable Jim Flaherty, Minister of Finance, tabled Budget 2013 today. In his Budget Speech, the Minister lauded Canada’s economic strength and achievements over the last seven years, while acknowledging that there are...more

Tax Communiqué: Highlights from the Budget 2013

by Heenan Blaikie LLP on 3/22/2013

Budget 2013 was tabled on March 21, 2013. Heenan Blaikie’s National Tax Group has prepared the following overview of some of the more significant tax-related measures....more

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

by Kimberly Barnashuk | Phillips Lytle - Renewable Energy on 3/15/2013

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

Sequestration: Federal Subsidy Payments for BABS and Other Direct-Pay Subsidy Bonds will be Reduced 8.7%

by Sherman & Howard L.L.C. on 3/14/2013

Pursuant to the Balanced Budget and Emergency Deficit Control Act, on March 1, 2013, the President issued the sequestration order which requires automatic spending cuts ("sequestration") as the result of Congress' failure to...more

Plan Nord – Québec Tables a Consultation Paper on its Proposed New Mining Royalty Regime

by Hugo-Pierre Gagnon, François Paradis, Ward Sellers | Osler, Hoskin & Harcourt LLP on 3/14/2013

On March 7, 2013, the Québec government released a consultation paper containing its proposed changes to the Québec mining royalty and tax regime in anticipation of its forum on the proposed regime to be held on March 15,...more

Effect of Sequestration on Direct-Pay Bonds

by King & Spalding on 3/8/2013

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

Legal Alert: Sequestration to Cause CREB Payments to Be Reduced by 8.7%

by Matthew Nichols, Darryl Smith | Sutherland Asbill & Brennan LLP on 3/6/2013

The Office of Management and Budget has issued its Report to the Congress on the budget sequestration for federal fiscal year 2013 required by the Balanced Budget and Emergency Deficit Control Act of 1985, as amended by the...more

Second Phase of Qualifying Advanced Energy Program Announced

by Nathaniel Kupferman | Berkeley Research Group, LLC on 3/6/2013

The Department of Energy (DOE) and Department of the Treasury have announced a second phase in the qualifying advanced energy property program. The second phase will make $150 million in Advanced Energy Manufacturing Tax...more

Treasury Releases Message on Impact of Sequestration on 1603 Cash Grants

by John A. Eliason | Foley & Lardner LLP on 3/5/2013

On March 4, 2013, U.S. Treasury released guidance on the impact of the across-the-board spending cuts known as “sequestration” to the Section 1603 cash grant program. As stated in the message, payments under Section...more

Legislative Update Report No. 2013-04 -- Feb 22, 2013

by Osler, Hoskin & Harcourt LLP on 2/26/2013

In This Article: Federal Government; Alberta; British Columbia; Manitoba; New Brunswick; Newfoundland; Northwest Territories; Nova Scotia; Nunavut; Ontario; Prince Edward Island; Québec/Quebec; Saskatchewan; and Yukon....more

Tax Credits for Alternative Energy Manufacturing Facilities Just Announced

by Michael Hirschfeld | Dechert LLP on 2/15/2013

In order to foster investment and job creation in clean energy manufacturing, the American Recovery and Reinvestment Act of 2009 included a tax credit for investments in manufacturing facilities for clean energy technologies....more

The State of the Union in 2013

by Patton Boggs LLP on 2/14/2013

Introduction - Last night, President Barack Obama delivered his fourth State of the Union Address before a joint session of the 113th Congress. Not since 1887, when President Grover Cleveland faced a divided 50th...more

Energy & Clean Tech Connections: Your Law Firm Link to Industry News -- February 2013

by Mintz Levin - Energy & Clean Technology on 2/5/2013

In the February edition of Energy & Clean Tech Connections, we’ve gathered recent information from a wide variety of sources in an effort to keep you abreast of what’s new in the world of clean energy. We draw your attention...more

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Finance & Banking › Energy & Utilities Law › Tax Law