APPA Weighs in on Proposed and Temporary Rules for Elective Payment of Energy Tax Credits
The American Public Power Association recently submitted comments to the Internal Revenue Service in response to the federal agency’s issuance of temporary and proposed regulations for the implementation of elective payment of energy tax credits.
APPA Offers New Resources Related to Inflation Reduction Act, Infrastructure Law
The American Public Power Association is offering new resources to its member utilities related to implementation of the Infrastructure Investment and Jobs Act, the Inflation Reduction Act, and other federal funding programs.
APPA Welcomes Release of Elective Payment of Energy Tax Credit Guidance
The American Public Power Association on June 14 said that it is glad to see the release of the notice of proposed rulemaking for elective payments made possible by the Inflation Reduction Act.
House Committee Passes Bill That Retains Direct Payment of Certain Energy Tax Credits
The House Committee on Ways and Means on June 13 passed legislation that retains direct payment of certain energy tax credits but repeals some aspects of the energy tax provisions of the Inflation Reduction Act.
House Bill Would Retain Direct Payment of Certain Energy Tax Credits
A plan released on June 9 by House Committee on Ways and Means Republicans to repeal some aspects of the energy tax provisions of the Inflation Reduction Act would retain direct payment of certain energy tax credits.
Treasury, IRS Release Additional Details on Applying for Energy Credit Program
The U.S. Department of the Treasury and the Internal Revenue Service on May 31 released guidance that provides additional information about the application process and technical guidance for the expanded Qualifying Advanced Energy Project Credit program under the Internal Revenue Code.
Bill Would Reinstate Ability of Local, State Governments to Issue Tax-Exempt Advance Refunding Bonds
Sens. Roger Wicker (R-MS) and Debbie Stabenow (D-MI) last week introduced the Local Infrastructure Act (S. 1453), legislation that would amend the federal tax code to restore state and local governments’ ability to issue tax-exempt advance refunding bonds.
APPA Voices Appreciation for Treasury Department’s Proposed Domestic Content Rule
The American Public Power Association on May 12 said it appreciates the Treasury Department’s release of guidance on domestic content rules for energy tax credits as modified under the Inflation Reduction Act.
Fitch Assigns A- Rating to Bonds issued by the Lower Colorado River Authority on behalf of Transmission Entity
Fitch Ratings has assigned an ‘A+’ rating to bonds issued by Texas-based Lower Colorado River Authority on behalf of the Lower Colorado River Authority Transmission Services Corp.
Fitch Affirms Bond Ratings for CMEEC, Connecticut Transmission Municipal Electric Energy Cooperative
Fitch Ratings recently affirmed bond ratings for Connecticut Municipal Electric Energy Cooperative and Connecticut Transmission Municipal Electric Energy Cooperative at ‘AA-‘. The Rating Outlook is Stable.