Blogs

Search Blogs
Search by date
Choose From Date
Choose To Date
SearchClear

Negotiations Stall Over Sound Energy Solutions' Proposed Financial Incentives

The financial incentives offered by Sound Energy Solutions to the City of Long Beach are inadequate given the revenue the company’s proposed LNG terminal is expected to generate, according to the director of Long Beach Gas and Oil. An incentives package
December 13, 2006

The financial incentives offered by Sound Energy Solutions to the City of Long Beach are inadequate given the revenue the company’s proposed LNG terminal is expected to generate, according to the director of Long Beach Gas and Oil. An incentives package totaling $500 million “is not nearly sufficient to recommend to the City Council that negotiations continue forward,” he said in a memo submitted to City Council members on Tuesday. However, Sound Energy Solutions’ president Tom Giles expressed frustration over the lack of “specific feedback” from city officials regarding the company’s financial offer. The Long Beach Press Telegram has the story.

Our Story

Sutherland Asbill & Brennan LLP is an international law firm helping the Fortune 100, industry leaders, sector innovators and business entrepreneurs solve their biggest challenges and reach their business goals. Dedicated to unfaltering excellence in client service, we are known for our business savvy and industry intelligence, providing creative and custom solutions for each of our clients. Industry and business experience makes the difference for our clients.

click to watch Videocast: Sutherland SALT Scoreboard – 2nd Quarter Highlights
Videocast: Sutherland SALT Scoreboard – 2nd Quarter Highlights
Washington, DC
Elizabeth S. Cha, Associate
Washington, DC
© 2016 Sutherland Asbill & Brennan LLP / Sutherland (Europe) LLP
MYBRIEFCASE
Add this page to MYBRIEFCASE
Add Page to MYBRIEFCASE
News/Commentary - Negotiations Stall Over Sound Energy Solutions' Proposed Financial Incentives
Current MYBRIEFCASE Pages
Save ChangesDownload MYBRIEFCASEClear All