Client Alert: Recently Enacted Financial Rescue Legislation Includes Energy Incentives To Benefit Various Energy Sectors

Client Alert: Recently Enacted Financial Rescue Legislation Includes Energy Incentives To Benefit Various Energy Sectors

Oct 16, 2008

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Brownstein Client Alert, October 16, 2008

On Friday, October 3, 2008, President Bush signed into law a $700 billion financial rescue bill, the Emergency Economic Stabilization Act of 2008, ("the Act"), which includes new energy incentives and the extension and modification of existing energy tax credits. The Act's energy provisions are designed to increase domestic sources of clean energy by providing incentives for investment in a wide variety of energy sectors, from wind and solar to oil, gas and coal.

Click to read our discussion that summarizes some of the key provisions in the Act and their potential impact on specific parts of the energy sector.