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  1. Indiana biofuel firm’s owners plead guilty to tax, renewable fuel fraud

    Owners of a biofuel company in Waterloo, Ind., pleaded guilty to conspiracy, fraud, and false statements in a scheme that generated more than $60 million of fraudulent tax credits and renewable fuel credits, the US Department of Justice , Internal Revenue Service , and Environmental Protection Agency jointly announced on Oct. 12. The federal agencies said Fred Witmer and Gary Jury, co-owners of Triton Energy LLC and Gen2 Renewable Diesel LLC, entered guilty pleas before Magistrate Judge Susan Collins of US District Court for Northern Indiana. Witmer admitted to participating in a scheme with other co-conspirators to fraudulently claim tax credits and renewable identification numbers (RIN) under EPA’s renewable fuel credits system for nonqualifying renewable fuel. Although the credits required that the fuel be used domestically for transportation, Witmer admitted selling it for uses that included the production of fire starter logs and asphalt and also for power generation, the federal entities said. Jury admitted to participating in a conspiracy to fraudulently claim tax credits and to providing false statements to EPA. As part of their pleas, Witmer agreed to a sentence of 57 months’ incarceration and Jury agreed to one of 30 months’ incarceration. A sentencing hearing has not yet been scheduled, the agencies said. This was the second settlement of RIN fraud charges in less than a month. On Sept. 29, DOJ and EPA jointly announced that Chemoil Corp., a San Francisco-based motor fuels supplier, agreed to retire more than $71 million of RINs and pay a $27 million fine as a proposed settlement of federal charges that it violated renewable fuel credit procedures under the federal Renewable Fuel Standards ( OGJ Online, Sept. 30, 2016 ). The fine was the highest in the history of EPA’s fuel programs, DOJ and EPA noted at the time. Contact Nick Snow at nicks@pennwell.com .

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    Thu, 13 Oct 2016

  2. Congress Seeking Broader Look at Solar Firms, Tax Credits

    Republican leaders of key financial panels in the House and Senate are seeking an expanded review of renewable energy tax credits being received by companies in both the utility-scale and rooftop solar business.  

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    Mon, 19 Sep 2016

  3. Berkshire Hathaway makes offer on transmission firm Oncor

    A company owned by one of the world’s richest men could buy the largest electric transmission and distribution system in Texas 

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    Fri, 15 Jul 2016

  4. Jury says Vegas man bilked investors with Nigerian oil scam

    Anton Paul Drago passed himself off as an heir to a Shell Oil fortune, a disabled former U.S. Marine, and an engineer and oil industry expert with 30 years of experience and a plan to ship Nigerian oil to a refinery he envisioned in the Bahamas.

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    Mon, 21 Mar 2016

  1. Mercer: Employers dislike ACA excise tax, ‘play or pay’ rule

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    Tue, 19 Apr 2016

  2. IRS clarifies beginning of construction to qualify for PTC

    The Internal Revenue Service has issued a notice helping clarify what is the beginning of construction in order for a renewable energy project to qualify for production tax credits or investment tax credits.

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    Tue, 26 Aug 2014

  3. Utah, Nevada companies cited in solar energy tax scheme case

    Calling it an "abusive tax scheme," officials said it's connected to at least 70 related cases across the country that have been filed to Tax Court

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    Tue, 24 Nov 2015

  4. House Ways and Means GOP members express concern over IRS MLP proposal

    A May 6 US Internal Revenue service proposed rulemaking on qualifying income from oil and gas and other publicly traded master limited partnerships would narrow the definition from what Congress originally intended, 23 of 24 Republican House Ways and Means Committee members warned.

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    Mon, 28 Sep 2015

  5. Energy group says IRS ruling could promote community solar power

    A renewable energy group is hailing a ruling by the Internal Revenue Service that they say could promote group solar power projects. 

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    Wed, 2 Sep 2015

  6. Courts less deferential to regulatory agencies, GMU forum told

    US Supreme Court decisions in the recently completed term suggest that judicial deference to federal regulatory agencies is starting to recede, speakers said at a July 8 forum sponsored by George Mason University’s School of Law. The trend potentially could affect how the oil and gas and other ...

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    Wed, 8 Jul 2015

  7. Senate votes to recommend closing Keystone XL tax loophole

    The US Senate voted to recommend that the House originate legislation that would make heavy crude oil moving through the proposed Keystone XL pipeline subject to the excise tax on other transported crudes that goes into the federal Oil Spill Liability Trust Fund.

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    Fri, 23 Jan 2015

  8. Telematics Intelligence: The Right Telematics System Offers Clear Window to Greater Efficiency

    The right telematics system tells you where your equipment is and alleviates the fears of managers and superintendents. It shows equipment locations and conditions, and what they are doing and when.

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    Tue, 10 Feb 2015

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