Perhaps the most impactful aspect of the recent tax reform law is the change to the treatment of governmental grants. Many cooperatives qualify for governmental… Read More »Tax Reform Act Impacts Cooperatives, Part IV: Impact on Governmental Grants
The United States Department of Agriculture (USDA) announced this month the recipients of over $200 million in loans and grants to bring broadband to hundreds… Read More »Rural broadband providers benefit from USDA Community Connect grants and loans
This guest post was obtained from CFC’s Solutions News Bulletin, Vol. 15, No. 40 (Oct. 28, 2013).
Co-ops Receive $3.6 Million in Solar Funds
Last week, the U.S. Department of Energy’s SunShot Initiative awarded $60 million to support solar energy research and development across the country; $3.6 million was awarded to an electric cooperative initiative. The multi-state, 23-MW cooperative solar research effort will seek to identify and address barriers to solar photovoltaic (PV) deployment at electric cooperatives. Read More »Guest Post: Co-ops Receive $3.6M in Solar Funds
A prior blog post discussed a private ruling by the service regarding the allocation of purchase price among the assets of a renewable energy developer. Attorney David R. Cook discussed the ruling in a webinar on PPA taxation and recommended the participants to read the ruling with a dose of skepticism. As it turns out, on reconsideration, the Service has revoked the prior ruling because it “is not in accord with the current views of the Service.” Read More »IRS Revokes Potentially Beneficial Ruling for Renewable Energy Developers
AHC attorney David R. Cook will present a webinar regarding the legal and tax aspects of power purchase agreements (PPAs). Along with two other power industry professionals, he will address accounting and tax issues involved with PPAs. In addition, David will discuss important provisions in PPAs for allocating the risks and benefits arising from PPAs.Read More »AHC Attorney David Cook Presents Webinar on Power Purchase Agreements
This guest post is an excerpt from Congressional Testimony by Will Coleman before the House of Representatives Committee on Ways and Means, entitled Joint Hearing on Energy Tax Policy and Tax Reform. Please post your reaction and comments below. Read More »Guest Post: A New Approach to Innovation Tax Policy For Renewables
In the context of renewable energy project development, power purchase agreements (“PPAs”) are the cornerstone upon which the project is built and operated. PPAs are contracts through which the developer or ultimate owner of a project sells power generated by the project to another party. PPAs typically represent the primary, and sometimes sole, revenue source for the project. Accordingly, PPAs should be drafted in a manner that recognizes their critical importance to both the project developer or owner and power purchaser.Read More »IRS Ruling Discusses Important Attributes of Power Purchase Agreements
AHC attorneys David R. Cook and Roland F. Hall identify a number of considerations in developing renewable energy projects in a recent AHC Construction Alert. They combine their energy and construction expertise to remind project owners and developers of a few key points that arise in most projects. In the coming week, AHC Attorney David R. Cook will also address another extremely important consideration in renewable energy and energy efficiency projects: construction delay.