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Leasing Wind Power Facilities: A New Reality
Electric power generation from wind continues to grow at a rapid pace. Wind is such an abundant natural resource that in a 2010 assessment, the Department of Energy found that the contiguous 48 states have the potential to generate up to 37 million gigawatt-hours (“GWh”) of electricity from wind annually, which is approximately nine times the total U.S. electricity generation from all sources in 2009.
The American Wind Energy Association (“AWEA”) reported more recently that the U.S. installed capacity of electrical wind energy reached 40,180 megawatts (“MW”) at the end of 2010. Texas leads the country in installed wind energy capacity with more than 10,000 MW. The Energy Information Agency estimates (based on the 2009 Census) that the average U.S. home consumes 908 kWh per month (as of 2009). Clearly, wind energy now and in the future can power a vast number of homes in the United States. (A kilowatt (“kW”), MW (10,000,000 kW) or GW (1,000 MW) is an instantaneous measure of power. A kilowatt hour (“kWh”), MW hour (“MWh”) or GWh is a measure of electricity defined as a unit of work or energy, measured as one kW, MW or one GW, respectively, of power expended for one hour.)
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.