Project Finance

  • April 20, 2015

    Rising Star: King & Spalding's Mona Katigbak

    King & Spalding LLP partner Mona F. Katigbak has been instrumental in developing a global practice for the firm’s project finance and energy groups, and her work on major transactions on multiple continents has landed her among Law360’s top project finance lawyers under 40.

  • April 20, 2015

    Enterprise Never Had Pipeline Pressure Rights: Ex-Employee

    Energy Transfer Partners LP has argued for two weeks in its trial against Enterprise Products Partners LP that the competitor wants to assert rights it doesn't have under a 1980 Texas pipeline contract. On Monday, a former Enterprise employee and current ETP vice president said he knows it for a fact.

  • April 20, 2015

    EPA Moves To Sink Alaska Pebble Mine FOIA Suit

    The U.S. Environmental Protection Agency asked an Alaska federal judge Friday to toss a lawsuit accusing it of withholding documents related to its decision to stop what could be one of the largest copper mines in the country.

  • April 20, 2015

    Michael Best Adds Ex-Wis. PSC Chair To Energy Practice

    The former chairman of the Wisconsin Public Service Commission has joined Michael Best & Friedrich LLP as a partner on the energy and environmental teams in Madison.

  • April 20, 2015

    Withers Bergman Snags 5 Partners From Kelley Drye

    Withers Bergman LLP announced on Monday that it has bolstered its office in Greenwich, Connecticut, with the addition of five partners who have experience in intellectual property, class action, securities, capital markets, debt and equity financing and project finance from Kelley Drye & Warren LLP.

  • April 20, 2015

    Green Bonds Flourish As Market Struggles To Define Standards

    After a record year for the green bonds market in 2014, the lack of formal international regulations and standards is creating challenges for lawyers guiding the growing number of corporations looking to tap demand for these environmentally friendly investments.

  • April 20, 2015

    Ariz. Tribe Seeks To Block Uranium Mining During Appeal

    The Havasupai Tribe on Friday asked an Arizona federal judge to block any progress on a uranium mining project near the Grand Canyon while the Ninth Circuit considers its appeal of a ruling that allows the mine to go ahead.

  • April 20, 2015

    Biomass Co. Enviva Sets Terms On $210M IPO To Fuel Growth

    Enviva Partners LP, a private equity-backed supplier of power generation wood pellets, set terms on an initial public offering on Monday that could raise $210 million to help fuel expansion, as more energy producers demand coal substitutes.

  • April 17, 2015

    DC Circ. Paves Way For EPA To Revamp CO2 Standards

    Now that the U.S. Environmental Protection Agency has won a key ruling on its authority to regulate greenhouse gas emissions from existing power plants, experts expect the agency will turn its attention to formulating new carbon dioxide standards and possibly thresholds for biomass facilities.

  • April 17, 2015

    Ontario Aims To Raise $4B For Infrastructure Improvements

    The province of Ontario on Thursday said that it plans to raise $4 billion for infrastructure improvements by selling shares of its government-owned electricity distributor through an initial public offering, and by expanding beer sales to grocery stores.

  • April 17, 2015

    Rising Star: White & Case's Marius Griskonis

    White & Case LLP's Marius Griskonis has won the consistent satisfaction of his clients working on major power projects and deals in the U.S. and abroad, earning him a spot on Law360's list of top project finance lawyers under 40.

  • April 17, 2015

    10th Circ. Denies Navajo Co. Mining Restart In Permit Row

    The Tenth Circuit on Thursday denied a Navajo Nation-owned company's motion for an emergency stay of a Colorado federal judge's order vacating a permit to expand its coal mine, ruling that the company hadn’t demonstrated why the stay was warranted.

  • April 17, 2015

    NJ Announces $96M In Sandy Beach Reconstruction Projects

    Contractors in New Jersey have started work on $96 million in contracts to rebuild beaches damaged by Superstorm Sandy in Monmouth and Cape May counties, according to a Friday announcement from the state’s Department of Environmental Protection.

  • April 17, 2015

    Texas House Approves Bill Blocking Local Fracking Bans

    The Texas House of Representatives on Friday passed a bill that would would bar cities from passing fracking bans similar to one enacted last year in Denton, blocking 10 amendments introduced by Democrats seeking to protect some municipal authority in regulating some underground oil and gas activity.

  • April 17, 2015

    Rosneft, Seadrill Unit Again Delay Reported $1B Deal

    A subsidiary of offshore rig company Seadrill Ltd. said Friday that it will again extend the closing date of a tentative billion-dollar deal with Russian state-owned oil giant OAO Rosneft amid continuing sanctions against both Russia and the company.

  • April 16, 2015

    Deepwater Class Payments At 'Abysmal' Levels, Court Told

    Thousands of class member plaintiffs in the Deepwater Horizon settlement called claims payouts in the case “abysmal,” and asked the Louisiana federal court overseeing the case to send out another settlement notice giving class members another chance to opt out.

  • April 16, 2015

    ETP Says Enterprise Changing Tune On Contract Interpretation

    An attorney for Energy Transfer Partners LP on Thursday grilled an employee for Texas pipeline lessee Enterprise Products Partners LP over the history of a contract between the two companies, using a 1993 corrosion incident to illustrate how Enterprise allegedly interpreted the contract's terms previously.

  • April 16, 2015

    Texas Plan To Ax Renewables Standard Imperils Development

    Renewable energy developers will have to reconfigure project financing and may shy away from placing new projects in Texas if state lawmakers approve a proposal to eliminate the state's renewable portfolio standard and shut down the market for trading renewable energy credits, lawyers say.

  • April 16, 2015

    Fla. Utility Regulator OKs State’s Largest Solar Project

    The Florida Public Service Commission on Thursday approved the state's largest solar project to date, a partnership between the U.S. military and a unit of utility giant Southern Co. in the Florida panhandle that could power up to 18,000 homes per year.

  • April 16, 2015

    Tribe Tells 10th Circ. Halting Mine Won't Help Environment

    A Navajo Nation-owned company again asked the Tenth Circuit on Wednesday for an emergency stay of a Colorado federal judge’s order vacating a permit to expand its coal mine, saying the ruling could cripple the tribe economically and would do nothing to protect the environment.

Expert Analysis

  • Understanding Mozambique’s New Oil And Gas Regime

    Paulo Rage

    Mozambique recently enacted a new hydrocarbons law, which aims to provide legal stability for international investors seeking to develop the country’s recently proven reserves of 200 trillion cubic feet of natural gas. Mayer Brown LLP’s Paulo Rage outlines the new law and the country’s hydrocarbons tax law, which together determine the general rules for all oil and gas operations.

  • Shared Common Facilities In LNG Projects

    Kathryn Marietta

    While liquefied natural gas project structure varies significantly, there are commonalities to projects that contemplate ownership of, or interest in, one or more LNG trains being disproportionate across a project. This variation in ownership or interest may arise at the time of project inception or be the result of project expansion, says Kathryn Marietta of King & Spalding LLP.

  • Calif.'s Flexible New Tool For Infrastructure Development

    Glenn Q. Snyder

    California’s enhanced infrastructure financing districts are new and powerful tools that offer greater flexibility to raise funds and implement infrastructure or community revitalization projects. However, it remains to be seen how well multiple taxing entities will be able to work together to approve and implement specific projects, say Glenn Snyder and Matthew Valdez of Pillsbury Winthrop Shaw Pittman LLP.

  • Virginia's ‘Rocket Docket' Continues To Roar

    Robert M. Tata

    The Eastern District of Virginia ― known as the “Rocket Docket” ― had the fastest trial docket in the country in 2014, for the seventh year in a row. The median time interval to trial was 12.5 months. That’s compared to a nationwide average of 24.9 months to try a case, says Robert Tata, managing partner of Hunton & Williams LLP's Norfolk, Virginia, office.

  • Competitive Transmission Is Good And It Is Here To Stay

    William R. Hollaway

    Created by the Federal Energy Regulatory Commission through Order No. 1000, competitive transmission is a key frontier as the nation confronts its long-term need for new energy infrastructure. It’s been almost four years since the order was issued and so far competitive transmission is working, say William Hollaway and Janine Durand of Gibson Dunn & Crutcher LLP.

  • 2 Routes To Hourly Rates For Lawyers

    Gerald G. Knapton

    If we were developing a system to determine legal fees from a clean slate, we would price our professional services according to quality, efficiency and results — tasks and team would be agreed upon. Instead, we have an hourly system that discourages tight management, can lead to padded bills and includes time for work that may not have been necessary, says Gerald Knapton of Ropers Majeski Kohn & Bentley PC.

  • FERC Lightens The Compliance Load On Power Traders

    Craig R. Enochs

    The Federal Energy Regulatory Commission's recent approval of North American Electric Reliability Corp.'s proposal to remove the purchasing-selling entity function from its compliance registry and to no longer subject PSEs to compliance with mandatory reliability standards will bring some compliance relief to power traders and marketers, say attorneys at Reed Smith LLP.

  • How Long Is The ESA's Arm On LNG Projects?

    Barry M. Hartman

    If the plaintiffs in Center for Biological Diversity v. Export-Import Bank of the U.S. are successful in presenting evidence that shipping on the high seas is part of the liquefied natural gas projects, then the extraterritorial application of the Endangered Species Act may be broadened considerably, say attorneys at K&L Gates LLP.

  • What We Do And Don't Know About Iran Sanctions Relief

    John Barker

    Iran is not yet fully open for business by persons subject to U.S. jurisdiction or who trade in U.S.-origin goods and services. U.S. authorities can be expected to continue to increase enforcement of the Iran-related trade sanctions and export controls that remain in place, say attorneys with Arnold & Porter LLP.

  • Title Due Diligence Tips For The Oil Patch

    Bernard F. Clark Jr.

    Title in the oil and gas industry may be messy, but the fact that asset buyers routinely sign off on contracts with title defects representing tens of millions of dollars is as costly as it is wrong. Buyers may be able to save millions of dollars upfront with a well-designed title due diligence plan in place prior to starting their transaction process, say Buddy Clark and Randy Browne of Haynes and Boone LLP.