Project Finance

  • February 5, 2016

    FERC Gives Enviro OK To Kinder Morgan $2B LNG Project

    Kinder Morgan Inc.'s $2 billion proposed natural gas liquefaction project near the mouth of the Savannah River moved one step closer to approval Friday with the Federal Energy Regulatory Commission's release of a favorable environmental assessment.

  • February 5, 2016

    Hawaii Legislators Want To Resurrect Interisland Ferry

    A Hawaiian senate committee on Thursday forwarded a bill requiring the state's Department of Transportation to conduct a feasibility study on reviving the short-lived interisland ferry system shut down seven years ago for wont of a full environmental assessment.

  • February 5, 2016

    BlackRock, Green Investment Buy $613M In UK Wind Farms

    British government-owned Green Investment Bank said Friday it has partnered with private equity giant BlackRock to buy a portfolio of wind farms in the U.K. for £423 million ($612.6 million) from utility company Centrica and its partner EIG.

  • February 5, 2016

    White House Starts Review Of Offshore Drilling Blowout Rule

    Federal offshore regulators have sent their finalized rule tightening standards for blowout prevention systems and other well controls for offshore drillers, the linchpin of regulatory reforms pursued after the 2010 Deepwater Horizon disaster, to the White House's Office of Management and Budget for review.

  • February 5, 2016

    FCC Head Tells GOP No Funding For Municipal Broadband

    Federal Communications Commission Chairman Tom Wheeler has told Republican U.S. senators the agency has no immediate plans to divert funds from its rural broadband investments into construction of municipally owned networks, according to letters made public Thursday.

  • February 4, 2016

    Enviros, States Urge High Court Not To Grant Stay Of CPP

    The U.S. Environmental Protection Agency, green groups, clean-energy companies and several states and cities on Thursday asked the U.S. Supreme Court not to grant a stay of the EPA’s controversial Clean Power Plan to slash greenhouse gas emissions from existing power plants.

  • February 4, 2016

    NJ Panel Advances Pipeline Leak Penalties Bill

    A New Jersey Assembly committee signed off on a bill Thursday that would slap utilities with substantial penalties if they fail to fix or replace pipelines leaking natural gas within a period to be set by the state Department of Environmental Protection.

  • February 4, 2016

    NY County Exec Cops To Rigging $311M In Contracts

    The Chief Information Office of New York’s Monroe County pled guilty to rigging bids for a $99 million information technology contract and a $212 million public safety contract, the third man to admit to his involvement in the scheme, New York’s attorney general announced Wednesday.

  • February 4, 2016

    Congo Courts Can't Thwart $770M Award, DC Circ. Told

    A public works contractor seeking to enforce a $770 million arbitration award against the Republic of Congo urged the D.C. Circuit on Wednesday to reject the country’s appeals, saying "corrupt" Congolese courts illegally liquidated the contractor’s business and shouldn’t be allowed to claim control of it.

  • February 4, 2016

    Tribal Water Deals With $449M In Projects Clear Senate Panel

    The Senate Indian Affairs Committee approved state and federal settlements with two Native American tribes on Wednesday that would end decades of litigation over their water rights and allot a total of $449 million for irrigation and water management projects.

  • February 4, 2016

    Gold Reserve Can't Register Judgment Outside DC, Court Told

    The government of Venezuela hit back against a Canadian mining company’s efforts to register a D.C. court’s affirmation of a $740 million arbitration award in other jurisdictions, saying Wednesday that the company has failed to establish where the country’s assets are located.

  • February 4, 2016

    Chicago Must Face Activists Over George Lucas Museum Site

    A lawsuit seeking to block the city of Chicago from leasing land for a museum dedicated to the works of "Star Wars" creator George Lucas will move forward following a decision by an Illinois federal judge Thursday not to dismiss the suit at the city’s request.

  • February 4, 2016

    Flint Funding Impasse Derails Vote On Senate Energy Bill

    The U.S. Senate fell short Thursday of moving forward with a broad energy overhaul bill, after lawmakers failed to reach a deal on a proposed amendment to provide up to $600 million in funding to address Flint, Michigan’s ongoing drinking water crisis.

  • February 3, 2016

    Air Traffic Overhaul Fight Could Hobble FAA Bill

    Lawmakers' attempt to split off the nation's air traffic control system from the Federal Aviation Administration could disrupt efforts to pass a seamless six-year reauthorization of the agency, sparking fierce bickering over cost and safety oversight concerns tied to a split, experts say.

  • February 3, 2016

    Hyundai Heavy Seeks $178M More In Energy Co. Arbitration

    Hyundai Heavy Industries Co. Ltd., the world’s largest shipbuilder, is seeking an additional $178 million in its arbitration against Norwegian offshore driller Fred. Olsen Energy ASA over a canceled contract, the energy company told its investors Wednesday.

  • February 3, 2016

    Dam Removal Plan May Go Before FERC After Lawmaker Delay

    The federal government, Oregon, California and the owner of several dams said Tuesday they would negotiate with tribes and other stakeholders to reach a new agreement to demolish the dams and seek Federal Energy Regulatory Commission approval by the end of February, after Congress failed to act on a prior settlement.

  • February 3, 2016

    $3B Fla. Pipeline Gets FERC OK Despite Enviro Concerns

    The Federal Energy Regulatory Commission on Tuesday gave certified approval for the construction of a proposed $3 billion natural gas pipeline running from Alabama to Florida, upholding its determination that any potential adverse effects to the environment or other property are being addressed and mitigated by the developers.

  • February 3, 2016

    Pa. Surface Rules For Oil And Gas Wells Clear Enviro Board

    Pennsylvania’s Environmental Quality Board on Wednesday approved a long-awaited set of rules governing surface operations at oil and gas wells, leaving the regulations with one final hurdle before they can go into operation.

  • February 3, 2016

    Philippine Energy Co. Wins $4.4M Award In Row With UK Firm

    A Philippine geothermal energy company’s subsidiary has been awarded $4.4 million during the first phase of arbitrations over a contract dispute with a U.K-based engineering firm, according to a filing with the Philippine Stock Exchange Tuesday.

  • February 2, 2016

    Farm Group Tells High Court EPA Chesapeake Plan Is Unfair

    The American Farm Bureau Federation on Tuesday told the U.S. Supreme Court it should strike down U.S. Environmental Protection Agency pollution restrictions for the Chesapeake Bay watershed because the agency, rather than states, gets to decide how water quality goals are assigned among different business sectors.

Expert Analysis

  • FERC 'Seaway II' Order Is A Win For Oil Pipeline Industry

    Emily Pitlick Mallen

    The importance of the Federal Energy Regulatory Commission's recent decision regarding Seaway Crude Pipeline Company LLC extends beyond the purview of the Interstate Commerce Act's pipeline regulation. It provides some of the strongest words on FERC’s primacy over its administrative law judges' authority and sets an important precedent on ratemaking principles, say attorneys at Van Ness Feldman LLP.

  • Stage Is Set For Huge Stadium Naming Rights Deal In Calif.

    Zak Welsh

    Along with the obvious economic boon to the NFL and the Rams franchise, the team’s relocation to Los Angeles and the development of a new stadium present an intriguing opportunity for a company or brand to purchase naming and advertising rights to the facility. The deal will likely far surpass the value of any of its predecessors, says Zak Welsh of Sheppard Mullin Richter & Hampton LLP.

  • Oklahoma Quakes Trigger Legal Concerns For Energy Cos.

    Daniel M. McClure

    With more than 70 earthquakes shaking Oklahoma since the start of the year, seismicity is staged to remain a focus for the energy industry in 2016. Earthquake litigation appears to be trending up, and a variety of patterns are becoming apparent to ensure that seismic risk mitigation investments are efficiently targeted at a time when the energy industry faces tightening financial pressures, say attorneys at Norton Rose Fulbright.

  • Navigating EU’s Ownership Unbundling Rules

    Filip Moerman

    The strict rules passed by European authorities in 2009 to curtail conflicts of interest resulting from the simultaneous holding of transmission and production interests are often perceived as stymieing energy investment. Investors will need to make a convincing case, through detailed and effective mechanics, that the risk for conflict of interest and undue influence is properly contained, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • CPUC Net Metering Decision Is Good News For Clean Energy

    Sheridan J. Pauker

    While the California Public Utilities Commission's approval of a new tariff structure for future net energy metering customers will impose certain fees and increase monthly ratepayer charges, it has been strongly praised by the clean energy industry as largely preserving the economics of a customer's decision whether to install distributed energy resources, say attorneys at Wilson Sonsini Goodrich & Rosati.

  • The Yieldco Catch-22 Is Solvable

    Robert Winner

    2015 was a tough year for stock prices of yieldcos, and that pain continued into 2016, with yieldcos dropping an average of 43 percent in price per share over the last 12 months. But not all is lost for the future of yieldcos, says Robert Winner at Seyfarth Shaw LLP.

  • Dealing With Expired Rights-Of-Way In Indian Country

    Catherine F. Munson

    While recent revisions to the Bureau of Indian Affairs’ regulations governing the granting of new rights-of-way across Native American lands have garnered significant attention, it is critically important that tribal landowners and their legal counsel keep a sharp eye on existing rights-of-way as well, say Catherine Munson and Mark Reeves at Kilpatrick Townsend & Stockton LLP.

  • Pa. Methane Rules May Be Tougher Than Federal Standards

    Jennifer A. Smokelin

    Pennsylvania's new plan to reduce methane emissions follows similar proposed rulemaking by the U.S. Environmental Protection Agency. However, the rule's new general permit requirement is expected to exceed the scope of the federal rulemaking effort and could further increase the burden on industry due to additional preconstruction permitting and the associated time lag and costs, say attorneys at Reed Smith LLP.

  • High Court Ruling May Mean More Demand Response Scrutiny

    George (Chip) Cannon Jr.

    The U.S. Supreme Court's decision in Federal Energy Regulatory Commission v. Electric Power Supply Association indicates that demand response providers can continue to sell load reductions into wholesale energy and capacity markets. However, the ruling also removed a cloud of jurisdictional uncertainty, and FERC is likely to continue aggressively scrutinizing wholesale demand response activities, say attorneys at Akin Gump Strauss ... (continued)

  • The CPUC's Realistic Approach Toward Energy Security

    Jeffrey D. Dintzer

    The Sierra Club’s petition asking the court to “set aside” the California Public Utilities Commission's approval of the Carlsbad Energy Center was an unrealistic request that severely lacked legal merit. While such a policy aim does not come as a surprise, it was especially ill-considered given the circumstances of Southern California's energy needs, say attorneys at Gibson Dunn & Crutcher LLP.