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Competitive Energy Insight, Inc.

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TREASURY DEPARTMENT COMMENTS ON CASH GRANTS
Source:   Nixon Peabody Alerts Published May 22, 2009    http://www.nixonpeabody.com/publications_detail3.asp?ID=2745 Treasury Department Comments on Cash Grants At a conference regarding solar energy financing yesterday, a Treasury Department official commented favorably on the new program that lets renewable energy producers claim cash grants in lieu of tax credits. Ellen Neubauer is the Program Grants Manager within the Treasury Department’s Office of Fi...

UPDATE ON CASH GRANT ALLOWANCE
The following summary was provided by Lance T. Brasher of Skadden, Arps, Slate, Meagher & Flom LLP  on July 7, 2010 The Treasury Department recently posted on its website frequently asked questions and answers regarding the rules for determining when construction of property is considered to begin for purposes of the grant program for specified energy property (the "FAQ").  The grant program, which was instituted pursuant to Section 1603 of the American Recovery and R...