The Palm Beach County Commission on Tuesday agreed to allocate $108 million in bed taxes for a new shared spring training facility for the Houston Astros and the Washington Nationals despite the teams' lack of a site for the proposed $135 million stadium.
Nuclear Regulatory Commission Chairwoman Allison Macfarlane said Tuesday she would step down Jan. 1, just over a year after she was confirmed for a five-year term to lead the agency, to return to academia.
Massachusetts and Cape Wind Associates LLC filed briefs in the First Circuit defending against a suit brought by a Cape Cod town and local businesses to block a $2.6 billion offshore wind farm, arguing Monday that the plaintiffs' claims cannot overcome sovereign immunity.
Squire Patton Boggs has recruited a Nabarro LLP partner, with expertise in infrastructure and projects in health, energy and other industries, and two associates to bolster its expanding global projects group and real estate practice in London, the firm announced recently.
Hannon Armstrong Sustainable Infrastructure Capital Inc. said Monday that it's invested $144 million in a portfolio of 10 wind farms owned by a JPMorgan & Chase Co. affiliate, the latest clean energy acquisition by the Maryland-based real estate investment trust.
The U.S. Environmental Protection Agency’s inspector general on Tuesday rejected a Republican senator’s request that his office not proceed with a study of the ability of the agency and the states to manage water contamination caused by hydraulic fracturing.
Precious metals company Royal Gold Inc. has committed $175 million to aid development of Canadian miner Euromax Resources’ Ilovitza gold-copper project in Macedonia in exchange for discounted purchase rights to gold production through a streaming agreement announced Tuesday.
With oil prices plunging to levels not seen in years, experts say dealmaking in the energy sector could slow amid disputes over the value of oil assets, and companies may be forced to get more creative with financing for acquisitions and development projects in order to sidestep nervous lenders.
As oil prices tumble, private equity giant Blackstone Group LP said on Tuesday that it is back to a different kind of energy: renewable.
Canadian company Innergex Renewable Energy Inc. and community partners have obtained approval from the Quebec government to prepare for construction on a $365 million wind farm expected to power 30,000 households.
The U.S. Defense Logistics Agency on Friday issued a solicitation for proposals to allow the Fort Hood military base in Texas to generate 100 percent of its power needs from renewable energy sources.
Royal Dutch Shell PLC's Shell Midstream Partners said Monday that it expects to raise up to $905.63 million in an initial public offering that is designed to help fund the acquisition and operation of pipelines as it eyes expansion into several southeastern markets.
Philippines-based Energy Development Corp. said Monday it has signed a 15-year, $315 million agreement with foreign and local banks to build a 150-megawatt wind farm in the coastal province of Ilocos Norte, projected to be the country’s largest.
QEP Resources Inc. said Sunday that it’s agreed to sell its midstream business to Texas-based Tesoro Corp. for $2.5 billion, following through on a January promise to unload the unit in the wake of activist investor pressure to shake up its operations.
A group of investors led by Macquarie Infrastructure & Real Assets Inc. will acquire Cleco Corp. for $4.7 billion including debt, the companies said Monday, in a move expected to benefit investors while not affecting the Louisiana-based utility company's day-to-day operations.
The U.S. Supreme Court said Monday it will not review a First Circuit ruling regarding a construction company's allegations that the Puerto Rican government drove it into bankruptcy by yanking contracts after an unrelated plea deal.
A group of oil and gas rights owners filed a proposed class action against Illinois in state court, saying its denial of fracking permits is an unconstitutional taking of their property.
As China's growth slows, Europe continues to stagnate and U.S. deals remain pricey, private equity investors eager to find an alternative are eyeing an unexpected locale: Africa.
Industry groups looking for a fight over whether the benefits justify the costs of the U.S. Environmental Protection Agency's expected revisions to its ozone air quality standard are likely to face an uphill battle, according to a new study commissioned for Congress.
Tiger Airways Holdings Ltd. is selling its stake in low-cost airline Tiger Australia for less than the price of a vending machine candy bar, while the French government plans to offer investors the chance to buy stakes in public utility networks in an attempt to raise up to $12.66 billion.
Three and a half years after the accident at the Fukushima Daiichi nuclear power plant, the nuclear industry is experiencing somewhat of a revival, however the apparent disconnect between its rhetoric and the mindset of financiers must be overcome to stimulate the successful development of new plants, say George Borovas and Helen Cook of Shearman & Sterling LLP.
In Wheeler v. Enbridge Pipelines, the Texas Supreme Court provided guidance to midstream companies on the proper calculation of damages to real property stemming from the breach of a pipeline right-of-way agreement — a decision that has implications well beyond the oil and gas industry, say attorneys with K&L Gates LLP.
Many legal briefs are written in impenetrable jargon and begin with an introduction telling the court what it already knows, using words that stem from the 18th century, such as “hereinafter.” Instead, we should approach briefs the way novelists approach their writing, says Michael Rubin of McGlinchey Stafford PLLC.
Recent Chinese regulatory measures are but a first step in establishing a regime that will encourage foreign investment in midstream gas infrastructure by private investors. More attention needs to be paid to establishing a platform that offers fair rules of play for private businesses seeking to compete with powerful state-owned monopoly players, say Barbara Jost and Vincent Wang of Davis Wright Tremaine LLP.
The U.S. Department of Commerce's Bureau of Economic Analysis — a little-known U.S. government statistical reporting bureau — has revived a dormant regulation mandating that U.S. entities submit a report when they take on, or are created as a result of, qualifying new foreign direct investment in the United States, say Scott Flicker and Dana Stepnowsky of Paul Hastings LLP.
Today, information intersects every practice area, making all lawyers effectively information governance practitioners in one way or another. The issue is whether you will consciously embrace this emerging discipline — and capitalize on it to the benefit of your clients and your practice, says Ann Snyder of the Information Governance Initiative.
If Public Citizen's amicus brief in the U.S. Supreme Court case Dart Cherokee Basin Operating Co. v. Owens is correct in arguing that an appellate court can insulate questions arising under the Class Action Fairness Act from Supreme Court review by denying leave to appeal then that will create perverse incentives for lower courts and may hamper the development of uniform rules governing CAFA removals, says Archis Parasharami of Mayer Brown LLP.
The number of voluntary notices filed with the Committee on Foreign Investment in the U.S. continues to increase significantly. The benefits of seeking voluntarily CFIUS approval for covered cross-border transactions far outweigh the risks, and recent cases have underscored the merits of advance strategic planning, say Philip Thompson and Robert Crowe of Nelson Mullins & Scarborough LLP.
With midstream energy master limited partnerships having dominated the energy and power capital markets in recent years, a question has arisen as to why the real estate investment trust structure has not been more utilized, especially given that the IRS has blessed the ability of REITs to own transmission and distribution systems, say attorneys with Hunton & Williams LLP.
The Federal Courts Jurisdiction and Venue Clarification Act grants a federal district court discretion to permit removal after the one-year period if it finds a plaintiff has “acted in bad faith” to prevent removal, but it didn’t come with a clear definition of "bad faith." Recent case law offers some minimal guidance on how the exception should be interpreted, say Ugo Colella and Todd Seaman of Thompson Hine LLP.