Energy

  • November 25, 2014

    Gov't Sued For Overdue ‘Hard Look’ At Coal Program

    The U.S. Department of the Interior has failed for decades to analyze the environmental impact of its controversial practice of leasing public land to private parties for coal mining, two environmental nonprofits alleged in D.C. federal court Monday.

  • November 25, 2014

    EPA Must Put Brakes On Review Of Alaska Mine, Judge Says

    A Northern Dynasty Minerals Ltd.-controlled company won a preliminary injunction Monday forbidding the Environmental Protection Agency from taking any steps toward vetoing a mining project in the Bristol Bay area, with an Alaska federal judge saying the order was necessary to prevent irreparable harm.

  • November 25, 2014

    EFH Seeks Bankruptcy Court Approval For $80M In Bonuses

    Energy Future Holdings Corp. asked the Delaware bankruptcy court on Saturday to approve more than $80 million for employee bonuses in 2015, including compensation for top brass that could exceed $12.3 million under a plan “substantially similar” to a previous one approved in October over objections from the U.S. Trustee's Office.

  • November 25, 2014

    BREAKING: Supreme Court To Hear Challenge To EPA Mercury Rule

    The U.S. Supreme Court on Tuesday agreed to review the U.S. Environmental Protection Agency's rule limiting mercury and other toxic emissions from power plants, granting requests from 23 states and industry groups that have argued the rule would drive up electricity prices and harm the coal industry.

  • November 25, 2014

    Algonquin Grabs Stake In Kinder Morgan Pipeline Project

    Canadian utility Algonquin Power & Utilities Corp. said Monday that it will take a piece of Kinder Morgan Inc.’s proposed $6 billion natural gas pipeline expansion project in the Northeast, potentially sinking up to $400 million in the project.

  • November 24, 2014

    C&J Energy Investors' Vote On $3B Nabors Unit Merger Frozen

    A Delaware Chancery Court judge on Monday agreed to temporarily bar C&J Energy Services Inc. investors from voting on a proposed $2.9 billion merger between the oil field company and the hydraulic fracturing and well-sealing units of Nabors Industries Ltd., and he directed C&J to seek out buyers during the 30-day freeze.

  • November 24, 2014

    Longview Gets Wins On 3 Bankruptcy Appeals

    A Delaware federal judge handed Longview Power LLC a trio of victories Monday, affirming the bankruptcy court's related decisions to approve a settlement reducing $360 million in mechanic’s liens, to stay a California lawsuit over $800 million in insurance, and to keep that fight within the Chapter 11 case.

  • November 24, 2014

    Hedge Fund Calls For Vote On Yanzhou's $2.3B Yancoal Deal

    Hedge fund manager Senrigan Capital Management Ltd. is pressing Australian regulators to require a shareholder vote on Chinese-owned Yancoal Australia Ltd.’s $2.3 billion bond sale in a bid to block a potential takeover by Yancoal parent Yanzhou Coal Mining Co. Ltd., according to a Monday statement.

  • November 24, 2014

    Chinese PE Firm Grabs Stake In Aussie Miner Paladin

    China-focused private equity firm Hopu Clean Energy is investing AU$61 million ($52 million) in Australian uranium company Paladin Energy, part of plans by the miner to raise AU$205 million through new stock to help pay debt and position itself for surging uranium demand. 

  • November 24, 2014

    MDU Resources Unit Pays $200M For ND Wind Farm

    An MDU Resources Group Inc. unit said Monday that it will purchase a 43-turbine wind farm in North Dakota for approximately $200 million.

  • November 24, 2014

    EPA Tells DC Circ. Industry Wrong On High Court GHG Ruling

    The U.S. Environmental Protection Agency told the D.C. Circuit on Friday that a group of states and industry organizations are wrong to suggest that a recent U.S. Supreme Court ruling means the agency must draft new rules before regulating greenhouse gas emissions at existing power plants.

  • November 24, 2014

    NJ Offshore Wind Co. Scrambles To Flip Regulator's Denial

    Fishermen's Energy LLC on Monday pressed for an accelerated review of its appeal challenging the denial of a proposed wind farm off the coast of Atlantic City, New Jersey, contending that the project is at risk of losing $40 million in federal funding.

  • November 24, 2014

    Deals Rumor Mill: Glencore, Actavis, Stryker

    Glencore PLC is closing in on a deal to take over mining giant Rio Tinto Group in a deal that would create a mining mammoth worth about $160 billion, while layoffs are on the horizon in the wake of Actavis PLC's recent $66 billion purchase of fellow drugmaker Allergan Inc.

  • November 24, 2014

    Deepwater Fraudster Deserves Harsh Sentence: 6th Circ.

    The Sixth Circuit on Monday affirmed the 15-year prison sentence of a former Detroit mayoral candidate who was convicted of filing a fake $2.58 million claim for damages suffered in the Deepwater Horizon oil spill, saying the upward variation in his sentence was warranted.

  • November 24, 2014

    Rendell Questions Impact Of Wolf’s No-Bid Contract Plan

    Former Pennsylvania Gov. Ed Rendell suggested that a reported plan by Gov.-elect Tom Wolf to ban no-bid contracts for legal work would have little impact on the state’s legal industry in a recent conversation with Law360, saying it was a certainty that work would not be awarded based on the lowest bid.

  • November 24, 2014

    Enviros Blast EPA’s Delay In Revising Metal Emissions Rule

    The U.S. Environmental Protection Agency substituted a weakened power plant emissions standard in a 2012 rule in place of a stronger initial proposal and has ignored environmental groups' petition to reconsider, the groups alleged in D.C. federal court Friday.

  • November 24, 2014

    DOI Taps 12 Bidders For Mass. Offshore Wind Auction

    Twelve clean energy companies will participate in the federal government’s largest-ever offshore wind lease auction, covering 742,000 acres off the Massachusetts coast and set for Jan. 29, 2015, the U.S. Department of Interior said Monday.

  • November 24, 2014

    CVR, Icahn Fight Wachtell Bid To Upend Malpractice Row

    Carl Icahn-backed CVR Energy Inc. told a New York federal judge Friday that Wachtell Lipton Rosen & Katz's bid to dismiss its malpractice suit over the firm's work in a $2.6 billion takeover is the firm's continued attempt at engaging in gamesmanship and forum shopping.

  • November 24, 2014

    Apco Investor Sues Over Planned $427M Pluspetrol Merger

    An investor on Monday filed a proposed class action to block Pluspetrol Resources Corp.'s planned $427 million purchase of Oklahoma-headquartered oil and gas exploration and production company Apco Oil and Gas International Inc., claiming the transaction was borne of a "flawed process" unfair to current Apco shareholders.

  • November 24, 2014

    Market Rumors: CGN, Dalian Wanda, BAIC Motor

    The IPO of CGN Power, China's largest nuclear power plant operator, has been several times oversubscribed, while Chinese real estate developer Dalian Wanda Commercial Properties got approval from Chinese regulators for a $6 billion IPO in Hong Kong.

Expert Analysis

  • Gunnison Sage Will Give Energy Something To Grouse About

    Richard T. Stilwell

    Protection of the Gunnison Sage Grouse under the Endangered Species Act in accordance with a recent announcement by the U.S. Fish and Wildlife Service will require a restriction of oil and gas development, including the closure of roads during nesting season and cessation of machinery operation, says Richard Stilwell of Baker & Hostetler LLP.

  • What If States Opt Out Of EPA's Existing Source Rule?

    Scott C. Oostdyk

    The initial legal question surrounding the Obama administration's Clean Power Plan is whether long-standing principles of federalism allow the U.S. Environmental Protection Agency to compel states to enforce a federal program like it — legal precedent establishes that the EPA cannot, say Scott Oostdyk and Duncan Getchell Jr. of McGuireWoods LLP.

  • Differentiate Your Litigation Practice With Data Security

    Jennifer Topper

    Despite the significant tilt toward technology in how litigation is now conducted, many senior lawyers still delegate tech-related issues to e-discovery specialists or associates at their firms. This is a missed opportunity not just for client development, but also for shaping the way the firm and lawyer are seen in the eyes of corporate counsel, says legal industry business development specialist Jenn Topper.

  • Halliburton, Baker Hughes Prepared For Antitrust Scrutiny

    Dionne Lomax

    The Halliburton-Baker Hughes merger agreement is an illustrative example of various antitrust risk-shifting mechanisms. Meanwhile, Halliburton’s agreement to pay a substantial breakup fee could be an indication that it is confident the deal can secure antitrust clearance, says Dionne Lomax of Mintz Levin Cohn Ferris Glovsky and Popeo PC.

  • FERC Dissent Signals Possible Shift On NGA Authority

    James F. Bowe Jr.

    Norman Bay's dissent over Emera CNG LLC's proposed compressed natural gas facility in Florida may signal a split inside the Federal Energy Regulatory Commission — if Bay's interpretation of Section 3 of the Natural Gas Act becomes the majority view then FERC could exercise jurisdiction over a class of facilities previously deemed exempt, say James Bowe Jr. and William Rice of King & Spalding LLP.

  • Europe's Projects Of Common Interest: Part 3

    Tomas Gardfors

    Institutional investors are increasingly interested in Europe's Projects of Common Interest, however, due to constraints, regulatory adaptation will be required to allow private investors to invest directly into transmission system operators in many jurisdictions, says Tomas Gardfors of Norton Rose Fulbright.

  • The Print Room: How To Spend Less And Get More

    Senthil Rajakrishnan

    Our estimates indicate that some law firms spend up to $8,000 per attorney each year on print-related costs. Although we live in a digital world, hard copy printing will remain an important part of business for years to come. Changing technology, however, offers opportunities to improve efficiencies and save money, say Senthil Rajakrishnan and Ryan Mittman of HBR Consulting LLC.

  • Europe's Projects Of Common Interest: Part 2

    Tomas Gardfors

    Despite fundamental differences among "projects of common interest" in Europe's energy market, they face similar challenges in the form of cross-border cooperation, regulatory alignment and asymmetric impacts on EU member states, says Tomas Gardfors of Norton Rose Fulbright.

  • Dewey Partner Clawback Ruling May Hurt New York Law Firms

    Evan C. Hollander

    Unless the recent ruling in the Dewey & LeBoeuf LLP bankruptcy case is overturned on appeal or the New York Legislature amends the state’s fraudulent transfer and partnership laws, partners of New York firms will bear greater risk if their firms fail than will members of many non-New York partnerships. This risk factor might even affect decisions by prospective lateral partners about which firms to join, say attorneys with Arnold & Porter LLP.

  • Europe's Projects Of Common Interest: Part 1

    Tomas Gardfors

    The European Commission's recent adoption of key energy infrastructure projects — Projects of Common Interest — will require substantial investment given their scale and present significant opportunities for investors, financiers, governments and contractors on a global scale, says Tomas Gardfors of Norton Rose Fulbright.