National bank invests in relocation and operation of refined coal facility located in Homer City, Pennsylvania
Clients National bank
Jones Day represented a national bank in its investment in the relocation and operation of a refined coal facility located in Homer City, Pennsylvania. The refined coal produced at the facility will be used for the generation of electricity through a reduced emissions process. The transaction was structured to generate federal production tax credits pursuant to Sections 38 and 45(e)(8) of the Internal Revenue Code.