The Environmental Protection Agency (EPA) has a number of proposed regulations; however, two in particular will present significant R&D opportunities for a number of utilities. With the addition of these two proposed rules, a number of electric generation facilities will be required to perform research to determine the best available technology (BAT) and/or combination of […]
“Simply put, sound research is key to determining whether extended operation beyond 60 years can be safe and, if it can, what measures need to be taken to ensure safe operation. The industry must take the lead on these research activities.” U.S. Nuclear Regulatory Commission Chairman, The Honorable Gregory B. Jaczko[1] Although 61 nuclear plants […]
As you are likely aware, the Research and Development (R&D) Tax Credit has yet to be renewed for the 2010 tax year. Historically, the tax credit has expired and been retroactively renewed five times in its brief history. While there are no certainties, it is highly likely that the R&D Tax Credit will be renewed […]
An Appeals Settlement Guideline for Qualified Research Expenses – Extraordinary a for Utilities, UIL 41.51-01 was released in late March that provides guidance on whether amounts incurred by a taxpayer for utilities expenses in buildings in which qualified research was conducted (“Research Buildings”) are qualified research expenses as defined in I.R.C. Sec. 41(b). Background: Taxpayers […]
On January 29th, the U.S. District Court for the Northern District of Texas (Dallas Division) issued its ruling in the Trinity Industries, Inc. v. U.S. The Court’s ruling is another in a long line of recent major court cases regarding R&D Tax Credits cases. Trinity is a large corporation engaged in a variety of businesses. […]
As you are likely aware, President Obama’s 2011 Budget Proposal recommends making permanent the Research and Experimentation (R&E) Tax Credit, which at this time remains expired as of the end of 2009. The President has shown consistency in his support of science and the advancement of technology. As quoted in the Tech Daily Dose, National […]
Greg Lormand discusses the R&D tax credit extension and teh GAO’s findings report on tax credit improvement. He explains the pros and cons of proposed provisions as well as what it means for industry and businesses who currently take advantage of these credits.
photo credit: striatic Nearly three-quarters of all US nuclear plants have applied for twenty year license renewals from the NRC. Fifty-four units have received approval of their applications from the NRC. An additional twenty are still awaiting decisions from the regulator. If your plant has made its license renewal application (LRA) is it time to […]
In the November 2008 BCP R&E Newsletter, we discussed a few areas of future growth and research & development in the energy industry – namely Distributed Energy and Carbon Management. With the current Obama-Biden Economic and Stimulus Plan likely to pass, there are several key components related to R&E that you should keep on your […]
It is clear that the United States’ future depends on energy self-reliance. This year’s political season has undoubtedly helped to reinforce that need. While there is much debate about the method with which energy will be produced, generated and obtained, there is no debate of the need to do so. The climate for energy solutions […]
