Project Finance

  • July 25, 2016

    Los Angeles County Sues To Force SoCalGas Well Upgrades

    Los Angeles County sued Southern California Gas Co. in California state court on Monday to force the utility to upgrade its well safety valves in the wake of what the county calls the worst gas leak in U.S. history at the Aliso Canyon storage facility.

  • July 25, 2016

    Jones Day Adds 5 Ex-Hogan Lovells Attys To Push Asia Efforts

    Jones Day on Monday said it has added five former Hogan Lovells attorneys to strengthen the firm's work on large infrastructure projects, banking and finance, and energy transactions in Asia.

  • July 25, 2016

    EPA Tells 6th Circ. No More Docs Needed In Water Rule Row

    The U.S. Environmental Protection Agency and U.S. Army Corps of Engineers on Friday urged the Sixth Circuit not to force them to turn over additional records related to their controversial Clean Water Rule.

  • July 25, 2016

    Venezuela's Oil Co. Wants $1.4B Arbitration Award Suit Nixed

    Venezuela's state-owned oil company argued Monday that there's no reason why it should have to face a Canadian mining company's Delaware suit alleging that it orchestrated certain transfers and debt offerings so Venezuela could avoid paying a $1.39 billion arbitration award.

  • July 25, 2016

    Congo First Lady’s Depo No-Show Not Our Concern, Attys Say

    Attorneys with Chadbourne & Parke LLP seeking to quit their client the Republic of the Congo after failing to nix an $800 million arbitral award against the country told a D.C. federal judge they have little say in whether Congolese first lady Antoinette Sassou Nguesso shows up for a deposition.

  • July 25, 2016

    Fla. Enviro Groups Urge 11th Circ. To Revive Bridge Suit

    The Federal Highway Administration and Port St. Lucie, Florida, have erroneously introduced additional legal standards into a dispute over a new bridge in the city, according to environmental groups asking the Eleventh Circuit to revive their challenge to a route that would impact public park land.

  • July 25, 2016

    Gulf Oil, Gas Lease Sale Will Be First Streamed Online

    The federal government plans to conduct a "milestone" sale of offshore oil and gas leases next month, for the first time ever streaming the proceedings online as it offers nearly 24 million acres in the Gulf of Mexico for exploration and development, the Bureau of Ocean Energy Management said Friday.

  • July 25, 2016

    Commerce Department Launches New Trade Finance Panel

    The U.S. Department of Commerce on Monday unveiled a new federal advisory panel that will aim to help potential U.S. exporters gain better access to trade finance and asked interested stakeholders to submit nominees to sit on the panel.

  • July 25, 2016

    NY's Block Of $683M Pipeline Means 2-Year Delay, FERC Told

    The operator of the planned $683 million Constitution natural gas pipeline from Pennsylvania to New York asked the Federal Energy Regulatory Commission on Friday for an additional two years to complete construction after New York regulators denied a water quality permit for the project.

  • July 25, 2016

    IRS Asks To Nix Expert Report In $92M Bad Debt Write-Off Row

    The IRS has asked U.S. Tax Court to exclude a “misleading” expert report that a Wisconsin holding company with investments in various paper mill enterprises is seeking to use in a fight over $92 million in disallowed bad debt deductions, arguing the company had unfairly refused to address issues raised in the report when asked by the agency.

  • July 25, 2016

    Spokeo Dooms Enviros' Calif. Fracking Suit, BLM Says

    The Bureau of Land Management told a California federal judge Friday that it can't be sued over a resource management plan that outlines the lands available for oil and gas development managed by its Bakersfield, California, field office, saying the plan is too far removed from any potential concrete harms under the Supreme Court’s Spokeo decision.

  • July 22, 2016

    Taxation With Representation: MoFo, Davis Polk, Cooley

    This week’s Taxation With Representation sees Japanese companies expanding into the U.K. and the U.S. while two drug companies team up to develop and market cancer treatments.

  • July 22, 2016

    DC Transit Union Fights For Worker Fired In Smoke Disaster

    A Washington Metropolitan Area Transit Authority union sued the agency Wednesday to enforce an arbitration decision reinstating an allegedly scapegoated mechanic who was fired after a fatal underground smoke incident in 2015.

  • July 22, 2016

    Congo Foe In Pursuit Of $800M Award Can See Plane Docs

    A public works contractor seeking an $800 million arbitral award from the Republic of the Congo must be granted access to a bank’s documents on a Boeing jumbo jet it holds in trust for Congo’s state-owned airline, whether or not it can actually seize the plane, a Utah federal judge has ruled.

  • July 22, 2016

    New Offshore Shutdown Cost Regs Offer Cos. A Soft Landing

    Tougher financial requirements recently released by U.S. offshore regulators to ensure drillers can pay for shuttering their offshore operations could further squeeze companies already hurt by low oil prices, but experts say the guidelines offer enough flexibility in satisfying those requirements to keep companies from collapsing beneath their cleanup obligations.

  • July 22, 2016

    FirstEnergy Shuts Ohio Coal Plants Amid Subsidy Controversy

    FirstEnergy Corp. said Friday it will sell or shut down two coal-fired Ohio power plants because they’re not economically viable anymore.

  • July 22, 2016

    Interior Should Improve Gas Emissions Accounting, GAO Says

    The U.S. Department of the Interior should do more to account for natural gas emissions from oil and gas operators on onshore federal lands and offer better reporting requirement guidelines for operators, the U.S. Government Accountability Office said in a report released Thursday.

  • July 22, 2016

    FERC Must Make $5M Manipulation Case In Court, Judge Says

    In a ruling that could chart the course for other enforcement actions, a Massachusetts federal judge ruled Thursday that the Federal Energy Regulatory Commission will have to undergo a typical civil proceeding, including a jury trial if necessary, in its bid to enforce a $5 million market manipulation penalty against Maxim Power.

  • July 22, 2016

    Minnesota Takes Emissions Law Fight To US Supreme Court

    Minnesota will urge the U.S. Supreme Court to overturn the Eighth Circuit's recent ruling that nixed portions of a state law effectively barring new coal-fired plants from supplying electricity to the state, Law360 learned on Friday. 

  • July 22, 2016

    Group Wants Rural Broadband Cash Pegged To Urban Speeds

    The American Cable Association on Thursday recommended that the Federal Communications Commission partially base its “weighting formula” for companies vying for rural broadband expansion dollars to the preferences of urban consumers for data usage and speed.

Expert Analysis

  • Testing The UBE: Missouri Benefits From Uniform Bar Exam

    Jim Nowogrocki

    We in Missouri do not take lightly to new trends or frothy ideas. Yet, the uniform bar exam has allowed us to meet the challenges of an increasingly mobile legal profession and the changing needs of clients, and to ensure that a newly admitted attorney has the knowledge, character and fitness to practice in the Show-Me State, says Jim Nowogrocki, president of the Board of Law Examiners in Missouri — the first state to adopt the UBE.

  • DOT Oil Train Rule Proposes Costly Requirements

    J. Scott Janoe

    A recently proposed rule by the U.S. Department of Transportation intends to improve oil spill response readiness and mitigate effects of rail incidents involving petroleum oil and certain high-hazard flammable trains. However, the expanded requirements would likely impose substantial costs and burden on railroads and could increase the price of crude oil transport by rail, say attorneys at Baker Botts LLP.

  • New Financial Regs Will Disrupt Offshore Oil And Gas

    R. Scott Nuzum

    The Bureau of Ocean Energy Management's new policy governing supplemental financial assurance for oil and gas infrastructure on the Outer Continental Shelf has the potential to significantly alter the U.S. offshore oil and gas industry, and could ultimately force small and independent companies to abandon OCS operations altogether, say attorneys at Van Ness Feldman LLP.

  • How Law Firms Can Create Next-Generation Office Spaces

    Tere Blanca headshot (1).jpg

    Law firms today are recognizing that the process of creating a next-generation workplace is far more complex than relocating to a more modern space in a trendier part of town. The challenge is more significant for larger firms with multiple generations represented within their executive teams, says Tere Blanca, founder of Miami-based Blanca Commercial Real Estate Inc.

  • Calif. High Court Leaves GHG Reduction Goals Up In The Air

    Todd O. Maiden

    The California Supreme Court’s inaction on Cleveland National Forest Foundation v. San Diego Association of Governments this term means there is currently no state law setting greenhouse gas emission reduction goals beyond 2020. The lack of certainty in this area requires additional thought and planning by developers as well as lenders on major projects, say attorneys at Reed Smith LLP.

  • PJM Protocols: Ignoring Reliability And Cost Benefits?

    Richard A. Drom

    Recently, the Federal Energy Regulatory Commission issued a rehearing for authorizing PJM Interconnection to implement its capacity performance resource adequacy protocols beginning in 2018, raising a fundamental question regarding the proper valuation of seasonal demand response resources, says Richard Drom at Eckert Seamans Cherin & Mellott LLC.

  • An Unprecedented Expansion Of Calif. Water Board Authority

    Mary K. Lynn Coffee

    The California State Water Resources Control Board's draft permitting procedures for discharges of dredge and fill material into state waters seeks to expand its permitting jurisdiction. If adopted, the procedures would impose additional regulatory hurdles and permit requirements on a wide range of industries and activities, including private development, agricultural operations and infrastructure development, say attorneys at Nossaman LLP.

  • DC Circ. Offers Clarity On GHG Emissions In NEPA Studies

    Roger R. Martella

    Two recent decisions from the D.C. Circuit upholding the Federal Energy Regulatory Commission’s treatment of indirect and cumulative effects of greenhouse gas emissions under the National Environmental Policy Act are important because they provide a further delineation for when so-called upstream and downstream effects should be excluded from analysis as indirect or cumulative impacts in NEPA reviews, say attorneys at Sidley Austin LLP.

  • Uncertainty Ahead For FERC Income Tax Allowance Policy

    Emily Pitlick Mallen

    The D.C. Circuit's recent decision in United Airlines v. Federal Energy Regulatory Commission calls into question a decade of FERC policy and precedent permitting regulated companies organized as partnerships to include an allowance for income taxes in their rates, and it could have sweeping implications across the entire interstate oil and gas pipeline industries, say Emily Pitlick Mallen and Paul Korman at Van Ness Feldman LLP.

  • How To Close A Law Firm — Practically And Ethically

    Janis M. Meyer

    Winding down a law firm is at best stressful, at worst excruciatingly painful, and often carried out as if it were an emergency, rendering the process even more difficult. There are certain common steps that should be on the firm's radar from the moment the decision to dissolve is made, says Janis Meyer, a partner with Hinshaw & Culbertson LLP who helped oversee Dewey & LeBoeuf's 2012 bankruptcy filing and the subsequent wind-down of the firm.