Commerce Department Proposes Tariffs on Chinese Solar Panels by Lewis and Roca LLP on 5/21/2012 Yesterday, the U.S. Commerce Department proposed tariffs of at least 31% on solar panels imported from China. The preliminary ruling found that Chinese manufacturers have been illegally "dumping" solar panels on the U.S....more
MA Senate Bill Would Revise Incentives for Renewable Energy Development by Mintz Levin on 4/17/2012 On April 5, 2012, the Massachusetts Senate unanimously passed a bill that aims to curb rising energy costs and expand renewable energy development. Senate Bill (SB) 2214, a bill “Relative to Competitively Priced Electricity...more
IRS: Value of Facility-Specific Power Purchase Agreement Capitalized into Basis of Wind Facility by Mintz Levin on 4/13/2012 On April 6, 2012 the Internal Revenue Service (IRS) issued Private Letter Ruling 201214007, which concluded that where a taxpayer purchased wind energy facilities accompanied by facility-specific Power Purchase Agreements...more
Trading In California’s Greenhouse Gas Allowances – Fraud’s New Frontier? by Allen Matkins Leck Gamble Mallory & Natsis... on 4/2/2012 As part of California’s Cap and Trade Program, the Air Resources Board will issue will issue tradable permits (Greenhouse Gas (GHG) allowances) that authorize a permit holder to emit a specific quantity of GHGs. Entities...more
2012 Regular Session of the West Virginia Legislature – A Summary by Spilman Thomas & Battle, PLLC on 3/30/2012 In the 2012 regular session of the West Virginia Legislature, several resolutions were passed with potential future impact on the shale gas industry. Below is a summary of those significant resolutions. ...more
Energy And Environment Update -- March 11, 2012 by Mintz Levin on 3/14/2012 In This Issue: Energy and Climate Debate; Congress; Administration; Department of Defense; Department of Energy; Department of Interior; Environmental Protection Agency; General Services Administration; Internal Revenue...more
The Drummond Report: What Miners Need to Know by Fraser Milner Casgrain LLP on 3/7/2012 Economist Don Drummond recently released a sweeping report (the “Drummond Report”) on rethinking Provincial governance and Ontario’s economy. Miners should take note: the Drummond Report calls for increased mining taxes and...more
Key Energy-Related Tax Provisions in the 2013 Budget Proposal by McDermott Will & Emery on 2/17/2012 President Obama's recently released budget proposal for the 2013 fiscal year contains energy related tax provisions, including an extension of the Section 1603 grant in lieu of investment credits through 2012. The...more
Capital Thinking Update - February 13, 2012 by Patton Boggs LLP on 2/16/2012 In This Issue: General Legislative On Monday, February 13, 2012, the House will meet at 1:00 p.m. in pro forma session. On Tuesday, the House will meet at 12:00 p.m. for morning hour and at 2:00 p.m. to...more
Pennsylvania Legislation Authorizing Counties to Levy Unconventional Gas Well Fee Signed Into Law by K&L Gates LLP on 2/16/2012 On February 14, 2012, Pennsylvania’s Governor, Tom Corbett, signed into law legislation (House Bill 1950) authorizing counties to impose a fee on persons holding permits to sever natural gas for sale, profit or...more
Pennsylvania Passes Marcellus Shale Unconventional Gas Well Fee by Reed Smith on 2/16/2012 After much debate, and ultimately compromise, last night Gov. Tom Corbett signed into law a bill that permits any of Pennsylvania's 67 counties to impose a fee on almost every natural gas-producing well drilled in...more
Eyeing Tax Rewards, Big Cos. And PE Firms Back Solar by Snell & Wilmer L.L.P. on 2/14/2012 Originally published in Law360, January 23, 2012. Law360, New York (January 23, 2012, 5:51 PM ET) -- The end of a federal grant system that doled out billions of dollars to solar energy companies may have been...more
UK Land Remediation Relief - Spared the Axe by K&L Gates LLP on 2/7/2012 Following consultation, the UK Government has decided not to abolish land remediation relief (LRR) after all. This comes after a strong reaction from developers, who argued that it would render many brownfield...more
Legislative Update Report No. 2011-24 - Dec 30, 2011 by Osler, Hoskin & Harcourt LLP on 1/4/2012 In This Article: • Federal Government • Alberta • British Columbia • Manitoba • New Brunswick • Newfoundland • Northwest Territories • Nova Scotia • Nunavut • Ontario • Prince Edward Island •...more
Ukraine: Recent Changes to Production Sharing Agreements Law by Vitaliy Radchenko on 12/15/2011 Over the past few months the Ukrainian Parliament has made two important changes to the legislative framework governing production sharing agreements for exploration and extraction of minerals. These amendments have been...more