On Oct. 27, 2009, the U.S. Department of the Treasury announced the
allocation of $2,209,204,555 of issuing authority for New Clean Renewable Energy
Bonds (New CREBs) to 805 applicants nationwide. As a result, qualified issuers
receiving a portion of such allocation may issue New CREBs to finance specified
renewable energy electricity producing projects. These original allocations will
revert to the IRS if they are not used before the third anniversary of the award
date. For purposes of New CREBs, this white paper discusses the allocations and
certain governing rules. We also include a complete list of the recipients of
New CREBs allocation by issuer type, amount, state and project. In addition, the
white paper provides information on allocation awards, including the range of
the awards, for “old” Clean Renewable Energy Bonds (old CREBs) and New CREBs.
here to read our white paper on this subject.