Project Finance

  • July 29, 2015

    Proposed IRS Regs Unfairly Revoke MLP Status, Gas Co. Says

    Natural gas processor Westlake Chemical Partners LP on Tuesday said it was unfair that the Internal Revenue Service is proposing regulations that would revoke the company’s tax-preferred master limited partnership status after the agency already said it qualified.

  • July 29, 2015

    ArcLight Raises $5.58B For Latest Energy Infrastructure Fund

    Energy-focused private equity firm ArcLight Capital Partners LLC has closed its latest fund with $5.58 billion in commitments, bringing its investment total to $15 billion in the past 14 years, according to a Wednesday statement.

  • July 28, 2015

    Injunction Bid Denied In Ariz. Tribal Land Freeway Row

    An Arizona federal judge on Tuesday denied a preliminary injunction bid launched by groups seeking to block a planned $1.75 billion freeway project near Phoenix due to its effects on wildlife and its impact on land sacred to the Pima tribe, saying that the plaintiffs didn't prove imminent and irreparable harm.

  • July 28, 2015

    Duke Energy Snaps Up 2 Calif. Solar Farms

    Duke Energy Corp. on Monday continued to beef up its solar energy portfolio, agreeing to buy a pair of solar projects in southern California from Canadian renewable developer Kruger Energy Inc. that will generate a combined 50 megawatts of electricity.

  • July 28, 2015

    Wisconsin Assembly Approves $500M Bucks Arena

    The Wisconsin Assembly handed the Milwaukee Bucks a key win on Tuesday, approving legislation that will help fund the public portion of the team's proposed $500 million new stadium.

  • July 28, 2015

    SunEdison Scores $160M For Chilean Solar Plant

    SunEdison Inc. said Tuesday that it has arranged $160 million in financing for a 110-megawatt solar power plant in Chile, which is expected to be the largest solar project in Latin America.

  • July 28, 2015

    Senate To Take Up Short-Term Highway Funding Bill

    Senate Majority Leader Mitch McConnell, R-Ky., on Tuesday said that the Senate will take up a short-term highway funding extension to allow time for negotiations on a comprehensive bicameral bill, as the Senate continues debate on its long-term highway funding legislation.

  • July 28, 2015

    GE, Alstom Trim $13.6B Deal In EU Antitrust Approval Bid

    French conglomerate Alstom SA has agreed to let General Electric Co. pay €300 million ($331.6 million) less than initially agreed for its power business as part of GE’s attempt to win approval for the deal from European Union antitrust regulators, Alstom said Monday.

  • July 28, 2015

    3 Texas Regulatory Fights To Watch In The 2nd Half Of 2015

    Texas businesses should expect a streamlined environmental permitting process, but they could see shifts in energy permitting and local oil and gas drilling rules as policy changes made in the 2015 legislative session work their way into final rules, lawyers say.

  • July 28, 2015

    Milbank Reps Banks In Funding $820M Mexico Gas Pipeline

    Milbank Tweed Hadley & McCloy LLP confirmed Tuesday that it represented a group of international banks in financing an $820 million natural gas pipeline project in Mexico that will ship gas from Texas to a pair of power plants owned by Mexico’s national electricity commission.

  • July 27, 2015

    Senate Backs Ex-Im Bank Renewal In Highway Bill Debate

    The U.S. Senate late on Monday agreed to an amendment to a long-term highway funding bill intended to reauthorize the U.S. Export-Import Bank, after earlier rejecting a proposal to repeal the Affordable Care Act.

  • July 27, 2015

    FERC Wants More Time For Emissions Cuts, Ex-Head Says

    With Clean Power Plan-mandated carbon emission reductions on the horizon, the Federal Energy Regulatory Commission will keep pushing to extend power plants more time to comply, according to former FERC policy director and Akin Gump Strauss Hauer & Feld LLP senior counsel Jeffery Dennis.

  • July 27, 2015

    SolarCity Fights Utilities' Bid To Nix Antitrust Suit

    Rooftop solar developer SolarCity Corp. on Monday slammed two Arizona utilities’ bid to dismiss the company’s suit accusing it of maintaining a monopoly over retail electricity sales, arguing two outfits are one in all but name.

  • July 27, 2015

    Officials Unveil $4B LaGuardia Airport Redevelopment Plan

    Vice President Joe Biden and New York Gov. Andrew Cuomo announced on Monday plans for a $4 billion construction project that will create a unified terminal at LaGuardia Airport through a public-private partnership, calls for a new AirTrain link and leaves open the possibility of building a boutique hotel at the property.

  • July 27, 2015

    USOC Ends Boston Bid For 2024 Summer Olympics

    The United States Olympic Committee on Monday pulled the plug on Boston’s bid to host the 2024 Olympics after Democratic Mayor Martin Walsh said he could not sign a host city agreement he believed was too risky for Boston taxpayers.

  • July 27, 2015

    EPA Given Free Rein To Enforce Plant Rule, DC Circ. Told

    Energy companies and 14 states argued Friday that in sinking their challenge to a proposed U.S. Environmental Protection Agency rule to slash power plant emissions, the D.C. Circuit gave federal agencies carte blanche to enforce compliance with yet-unfinalized rules.

  • July 27, 2015

    Clinton Makes Solar Boost The Core Of Energy Agenda

    Presidential candidate Hillary Clinton on Sunday unveiled an ambitious clean energy agenda for the U.S., a plan that includes making renewable energy the source of one-third of the nation's electricity by 2027 and increasing the amount of installed solar energy capacity sevenfold by 2020.

  • July 27, 2015

    Goodrich Petroleum Reaps $118M From Eagle Ford Sale

    Independent upstream oil and gas firm Goodrich Petroleum on Monday said it has agreed to sell a portion of its holdings in south Texas' Eagle Ford to an unnamed buyer for $118 million, following through on a pledge to shed assets as low oil prices continue to squeeze the sector.

  • July 24, 2015

    A Play-By-Play Of The Bucks' Campaign For A $500M Arena

    The Milwaukee Bucks are facing a critical vote over requested funding for a proposed $500 million stadium, the latest hurdle in a quest that's included attempts to link a tribal casino to the project and a controversial bond plan tied to players' taxes. Here, Law360 takes a closer look at some of the project's negotiations and major milestones.

  • July 24, 2015

    Senate To Consider Ex-Im Bank Reauthorization, ACA Repeal

    Senate Majority Leader Mitch McConnell, R-Ky., proposed amendments Friday to repeal the Affordable Care Act and renew the Export-Import Bank’s charter, the latter drawing a blistering attack from Sen. Ted Cruz, R-Texas., as senators moved forward with debate on a six-year highway funding bill.

Expert Analysis

  • Screened Selection In Party-Appointed Arbitrations

    Charles B. Rosenberg

    The International Institute for Conflict Prevention & Resolution's screened selection process for party-appointed arbitrators is a simple compromise between the positions of those who believe the existing system of party appointments should remain unchanged and those who would overhaul the system, say Charles Rosenberg of White & Case LLP and Olivier Andre of the International Institute for Conflict Prevention & Resolution.

  • FERC Finds No Cause For Change In Its GHG Analysis

    Howard L. Nelson

    The Sabine Pass Liquefaction LLC rehearing order suggests that the Council on Environmental Quality's draft guidance concerning climate change analysis from federal agencies will not change the calculus of environmental impact analyses from the Federal Energy Regulatory Commission under the National Environmental Policy Act, insofar as it concerns greenhouse gases, say Gus Howard and Howard Nelson of Greenberg Traurig LLP.

  • This Week In Congress: Continuing Resolution Looms

    Richard A. Hertling

    Highway funding remains at an impasse this week, as House and Senate debates continue. Iran also remains a major focus, with only 60 days for Congress to review the nuclear agreement reached earlier this month. Meanwhile congressional leaders have finally acknowledged what has been clear all along — efforts to fund the government past Sept. 30 have failed, say Richard Hertling and Kaitlyn McClure of Covington & Burling LLP.

  • An Oft-Forgotten Detail In Infrastructure Deals

    Burt Braverman

    The fallout from overlooking telecommunications licenses — an essential element of infrastructure deals — can be at best inconvenient and at worst very costly, says Burt Braverman of Davis Wright Tremaine LLP.

  • Drought In Calif. Is Changing The Real Estate Landscape

    Ian T. O’Banion

    With California farmers and at least one celebrity fined for stealing water, water suppliers and users alike are in the process of developing strategies for compliance amid dwindling supplies. For the real estate industry, these challenges serve as an opportunity to develop creative cross-disciplinary efficiency measures that could serve as a model for responding to severe droughts in other parts of the world, say Ian O’Banion and ... (continued)

  • Low Levels Of FCPA Enforcement Continued In Q2

    Marc Bohn

    Unless the pace of Foreign Corrupt Practices Act enforcement picks up considerably, as it did last year, 2015 is on track to be the lowest year in terms of resolved dispositions since 2005, say Marc Alain Bohn and Michael Skopets of Miller & Chevalier Chtd.

  • Drilling Down On DOI's Oil And Gas Regulatory Agenda

    Sara K. Orr

    The Obama administration’s energy regulatory agenda is vast and ambitious and comes at a time of oil price decline. Overall, its regulations and proposed regulations, if and when they are issued, will expand the reach of the U.S. Department of the Interior and, in many cases, impose more stringent rules and significant costs on oil and gas operations on public lands, say Sara Orr and Benjamin Lawless of Latham & Watkins LLP.

  • California Land Use Stories To Watch In 2015

    Tim Paone

    The notion of California as a trendsetter in social, environmental and legal arenas could well be tested once again in 2015. This may become another year that will be seen as a game changer in land use with California addressing affordable housing, climate change, sea level rise projections and drought, attorneys at Cox Castle & Nicholson LLP.

  • The 1st Of Several Legal Roadblocks Ahead For Puerto Rico

    Suzzanne Uhland

    Puerto Rico encountered another roadblock in its efforts to resolve its looming debt crisis on July 6 when the First Circuit affirmed a decision that Puerto Rico's Debt Enforcement and Recovery Act was unconstitutional. Though significant, this was not particularly surprising, say Suzzanne Uhland and Christopher Martin of O’Melveny & Myers LLP.

  • Hawaii Joins States Chasing Renewable Energy Tax Credit

    Howard H. Shafferman

    With the federal investment tax credit for solar projects set to drop to 10 percent next year, many states — most recently Hawaii — are rapidly passing legislation to expand access to renewable energy generation. States such as Maryland, further along in the process, may yield solutions to key issues, say Ballard Spahr LLP attorneys Katie Leesman and Howard Shafferman, former FERC chief of staff.