Project Finance

  • October 30, 2014

    San Antonio Approves $3.4B Water Supply Pipeline

    San Antonio’s city council on Thursday unanimously approved a $3.4 billion, 30-year water supply project planned to bring up to 16.3 billion gallons a year to the city through a 142-mile pipeline.

  • October 30, 2014

    Enviros Attack Wash. Permit For Nuke Plant Water Pollution

    Environmental groups challenged a Washington state decision to issue a water pollution permit to a commercial nuclear reactor in a lawsuit filed Wednesday in Washington state court, claiming the state violated federal and state water quality laws by issuing the permit.

  • October 30, 2014

    K&L Gates Settles Malpractice Suit, Pulls High Court Appeal

    K&L Gates LLP on Tuesday settled a malpractice suit over an investment in a natural gas project, making moot a pending appeal before the Texas Supreme Court that sought to block the firm from accessing trade secret reserve data for a drilling project related to the suit.

  • October 30, 2014

    Alaska Drilling Project Clears BLM Environmental Review

    The first oil and gas drilling project proposed on federal lands in Alaska cleared a major hurdle Wednesday, as the U.S. Department of the Interior unveiled a final environmental review that it says will limit the ConocoPhillips Co. project’s impact on wildlife and native cultures.

  • October 30, 2014

    EPA’s Cynthia Giles Says New Tech Is Fueling Enforcement

    The U.S. Environmental Protection Agency's program to increase use of new technology in environmental monitoring has uncovered more pollution than expected and led to tough compliance actions over air, water and waste rules, enforcement chief Cynthia Giles told Law360. This is part one of a two-part series.

  • October 30, 2014

    9th Circ. Rebuffs Enviros, Gives LA Port Project OK

    The Ninth Circuit on Thursday ruled that the U.S. Department of Transportation properly approved a proposed expressway for trucks leaving the ports of Long Beach and Los Angeles, affirming a lower court's dismissal of the Natural Resources Defense Council's suit seeking to block the project.

  • October 30, 2014

    TerraForm Pays $250M For 39 Capital Dynamics Solar Assets

    In an effort to bolster its solar capabilities, SunEdison Inc. subsidiary TerraForm Power Inc. has agreed to buy a portfolio of solar energy assets from Swiss asset manager Capital Dynamics for about $250 million, the companies said late Wednesday evening.

  • October 30, 2014

    Pa. Rep Launches Probe Into Fracking Waste Disposal

    A Pennsylvania congressman has asked the state’s Department of Environmental Protection to hand over records about its process for monitoring the handling and disposal of waste from hydraulic fracturing as part of a nationwide investigation by a U.S. House of Representatives subcommittee.

  • October 30, 2014

    Statoil, Others Reach Deal Over $6B Gulf Of Mexico Project

    Norwegian oil giant Statoil ASA said Thursday it has struck an investment agreement with the other owners of the $6 billion Stampede deepwater oil project in the Gulf of Mexico that will move the venture closer to production.

  • October 30, 2014

    Enviros Challenge NRC Waste Storage Rule At DC Circ.

    Environmentalists on Wednesday challenged the U.S. Nuclear Regulatory Commission’s recent rule for long-term nuclear waste storage, saying that the rule violates the U.S. Environmental Policy Act and federal atomic energy regulations in two petitions for review filed in the D.C. Circuit.

  • October 29, 2014

    GM Unveils $63M In Michigan-Area Facility Upgrades

    General Motors will start construction on a $63-million expansion of the Lansing Delta Township facility that builds crossovers, the company said Wednesday, the first specifics of $300 million in Michigan investments promised this week by CEO Mary Barra.

  • October 29, 2014

    Deals Rumor Mill: BG Group, E.On, Berkshire Hathaway

    BG Group PLC is nearing the finalization of a $4 billion deal to sell 335 miles of gas pipelines, while German utility E.On wants suitors to submit binding bids of up to $2.8 billion for its Spanish unit by Nov. 3.

  • October 29, 2014

    Permit To Reopen NY Power Plant Was Rushed, Suit Claims

    Environmental advocacy group Riverkeeper Inc. has launched a complaint against the New York Public Service Commission in New York state court, claiming the agency unlawfully hurried through Helios Capital Power LLP's bid to restart a shuttered, 500-megawatt coal-fired plant in New York's Hudson Valley.

  • October 29, 2014

    Wind Funding Declines While Industry Queues Up Deals

    Large-scale funding and merger activity for wind power projects dropped significantly in the third quarter from the previous one, but the slump may be temporary, as wind investors announced a huge volume of new deals recently, according to a Mercom Capital Group survey of companies and investors.

  • October 29, 2014

    Infracapital's $1.6B For Infrastructure Fund Beats Target

    Infracapital, the infrastructure investment arm of U.K. asset manager M&G Investments and its parent, Prudential PLC, said Tuesday that it has raised more than £1 billion ($1.6 billion) for its latest fund to invest in core infrastructure assets across Europe.

  • October 29, 2014

    EU Commits $817.9M To Upgrade Energy Infrastructure

    The European Union agreed Wednesday to spend €647 million ($817.9 million) on energy infrastructure projects, mostly targeted at poorer Baltic and central and southeastern European states that lack resources to install upgrades the union believes will have cross-border benefits.

  • October 29, 2014

    American Energy Drops $726M On Texas Acreage

    Private equity-backed American Energy Partners LP has increased its presence in Permian Basin of west Texas, saying Tuesday that it’s spent $726 million in a series of deals over the past three months to acquire thousands of acres of leased land and oil production in the oil-rich region.

  • October 29, 2014

    Megadeals Pushed US Energy M&A To High Mark In Q3

    Strong interest in a rash of new opportunities across the oil production space driven by the U.S. shale boom and a spate of megadeals helped drive M&A in the oil and gas industry to its strongest quarterly performance in a decade, according to a new report from advisory and accounting firm PwC.

  • October 29, 2014

    KKR, Anadarko Team Up To Drill In Southeast Texas

    KKR & Co. LP will team up with Anadarko Petroleum Corp. to jointly develop land in southeastern Texas’ Eaglebine Shale, with Anadarko’s stake valued at more than $1.1 billion and KKR putting up $442 million for development in exchange for acreage and a stake in several wells, Anadarko said Tuesday.

  • October 29, 2014

    Shell Unit Raises $920M In 2nd Largest MLP Offering Ever

    Royal Dutch Shell PLC's Shell Midstream Partners on Wednesday raised $920 million in its initial public offering, good for the largest master limited partnership IPO in over a decade, and shares climbed by more than 45 percent by the end of the day.

Expert Analysis

  • The Legal Professions’ Curious Under-Use Of 2nd Opinions

    Judge Wayne D. Brazil

    As conscientious professionals who are required to address problems with notoriously elusive dimensions, lawyers should consider securing second opinions in a much wider array of circumstances than has been the norm, says Judge Wayne Brazil, a neutrual with JAMS and former magistrate judge in the U.S. District Court for the Northern District of California.

  • China's New Disclosure Rules And Staying Off The Blacklist

    David A. Livdahl

    Companies on either the Noncompliance Blacklist or the Serious Violation Blacklist under China’s new disclosure system will face credit restrictions, government procurement restrictions or bars, and restricted eligibility to bid on projects and purchases of state-owned land. We suggest that companies designate specific employees to be responsible for keeping the required records, say attorneys with Pillsbury Winthrop Shaw Pittman LLP.

  • Use Social Media For Legal Service Only As A Last Resort

    Steven Richard

    Courts remain largely skeptical about allowing litigants to serve and notify evasive parties of legal proceedings through their social media accounts. A recent split ruling by the Oklahoma Supreme Court shows the competing considerations, say Steven Richard and Britt Killian of Nixon Peabody LLP.

  • An Associate's Perspective On Business Development

    Jason Idilbi

    Let’s face it: Taking friends or acquaintances to Justin Timberlake concerts or golf at the Ocean Course is not how we as law firm associates are going to develop business. Our primary value comes not from out-of-office networking jaunts but from bearing a laboring oar for our partners. Which is why our best approach to business development is more likely from the inside out, says Jason Idilbi of Moore & Van Allen PLLC.

  • Oregon Spotted Frog Listing Will Have Wide-Ranging Impact

    Myles A. Conway

    The “threatened” listing of the Oregon spotted frog will affect water storage and diversion regulations, development activity and agricultural practices in several Oregon and Washington counties. In the implementation of this listing, federal regulators will need to balance the needs of the spotted frog with competing legal requirements that provide for the protection of other federally listed species, says Myles Conway of Marten Law PLLC.

  • New Jurisdictional Issues When Moving To Quash A Subpoena

    Steven Luxton

    The Nevada federal court's recent ruling in Agincourt Gaming LLC v. Zynga Inc. is an important reminder that a nonparty wanting to challenge a civil subpoena should consider carefully the appropriate jurisdiction in which to file a motion to quash under recently enacted Rule 45, say Steven Luxton and Brad Nes of Morgan Lewis & Bockius LLP.

  • Talking The Talk: Nuclear Energy Lingo For Bankers

    George Borovas

    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.

  • Texas Clears Path For Property Damage Calculations

    Bryan D. Rohm

    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.

  • What Litigators Can Learn From Novelists

    Michael H. Rubin

    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.

  • Encouraging Gas Development In China — A Work In Progress

    Vincent X. Wang

    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.