Project Finance

  • June 30, 2015

    NJ Lawmakers Pass Resolution Against $1B Pipeline Project

    The New Jersey Senate on Monday passed a resolution in opposition to the proposed $1 billion, 178-mile Pilgrim Pipeline set to carry oil from the Bakken Shale through New Jersey and New York, urging permitting agencies to reject the project as currently proposed.

  • June 29, 2015

    Roberts Court Keeps Reins On EPA, But Not Too Tight

    The U.S. Supreme Court’s Monday finding that the Environmental Protection Agency didn’t properly consider costs in an important air toxics rule continues the court’s pattern of ensuring the agency doesn’t stray too far afield from its statutory authority, while not completely obstructing its ambitious pollution-control agenda.

  • June 29, 2015

    NFL Ventures Issues $620M In Grade 'A' Bonds

    The National Football League Ventures LP has issued $620 million in senior notes, guaranteed by the NFL, to raise funds for its teams’ various stadium projects, statistical ratings organization Fitch Ratings said Friday.

  • June 29, 2015

    Fla. Port Wins Federal Approval For $374M Expansion

    The U.S. Army Corps of Engineers approved a $374 million plan Friday for Fort Lauderdale's Port Everglades to deepen and widen its channels to allow the port to accommodate the larger ships expected from the Panama Canal widening project.

  • June 29, 2015

    New York Spells Out Why It's Outlawing Fracking

    The New York State Department of Environmental Conservation released its findings on the environmental impacts of hydraulic fracturing Monday, outlining the state’s reasons for outlawing the controversial drilling technique.

  • June 29, 2015

    Pa. House Votes To Kill Proposed Conventional Gas Well Rules

    Pennsylvania environmental regulators aiming to draft rules for surface operations at conventional oil and gas wells could be forced back to the drawing board after an amendment tucked into the state’s fiscal code over the weekend won approval from the full House of Representatives on Monday.

  • June 29, 2015

    Caudrilla Fails To Win English Approval Of Fracking Plan

    English officials voted Monday to reject Caudrilla Resources Ltd.’s application to construct onshore wells for hydraulic fracturing, despite planning officers' recommendation that the project be approved.

  • June 29, 2015

    TransCanada Pipeline Project Signs Pacts With 6 BC Tribes

    TransCanada Corp. has signed deals with six First Nations tribes for the Coastal GasLink project, the CA$4.8 billion (US$3.88 billion) pipeline it has been hired by Royal Dutch Shell PLC's Canadian affiliate to run linking its liquefied natural gas hub to a natural gas production site, the company said Monday.

  • June 29, 2015

    Corporate Attys Want More High Court Action After Slow Term

    With the U.S. Supreme Court closing the curtain Monday on a term that brought landmark decisions on same-sex marriage, health insurance subsidies and lethal injections, court watchers focused on corporate transactions and capital markets are feeling a little left out. Here, experts tell Law360 what has kept the justices away from business cases and the issues they'd like to see taken up in the future.

  • June 29, 2015

    ConEd, Linden Take FERC Tariff Battle To DC Circ.

    Consolidated Edison Co. and Linden VFT LLC asked the D.C. Circuit on Thursday to review decisions by the Federal Energy Regulatory Commission denying a complaint and request for rehearing concerning cost allocations of $1 billion in New Jersey power projects. 

  • June 29, 2015

    High Court Curbs EPA's Power To Regulate Emissions

    The U.S. Supreme Court on Monday nixed the U.S. Environmental Protection Agency's landmark rule limiting mercury and other toxic emissions from power plants, saying in a 5-4 ruling that it should have considered the rule's billion-dollar compliance costs first.

  • June 26, 2015

    Solar Co. Lied About Ability To Fund NC Project, Suit Says

    A company that finances renewable energy projects sued a renewable energy company Wednesday in New Jersey federal court, claiming its business partner breached its contract by masking its inability to pay for a project and now owes more than $40 million.

  • June 26, 2015

    Ex-Im Chief Laments Bank's Impending Shutdown

    Export-Import Bank of the U.S. President and Chairman Fred Hochberg on Thursday bemoaned the lack of movement in Congress to renew his agency, which will close its doors at the end of the month, warning that rising export credit activities in China could leave U.S. firms in the dust.

  • June 26, 2015

    FWS Migratory Bird Permits Could Benefit Industry, Wildlife

    The U.S. Fish and Wildlife Service is considering a permitting program for some industries, including oil and gas, that kill federally protected migratory birds in the regular course of operations — a move experts say could give businesses clarity and better conserve wildlife.

  • June 26, 2015

    General Electric To Help Back $450M Aussie Wind Farm

    General Electric Co. said Friday that it will help finance a $450 million wind farm in Australia — a project that also has private equity and Canadian pension fund backers — days after Australian lawmakers passed much-anticipated legislation firming up renewable energy targets in an effort to revive investment in the sector.

  • June 26, 2015

    Real Estate Rumor Mill: Egypt, Tianfang,Thor

    United Arab Emirates firm Capital City Partners is reportedly still in talks to build Egypt’s new administrative capital despite rumors of a fund dispute for the first $787 million phase, while Tianfang Hospitality Management Pte may strike a $372 million initial public offering of a China hotel-backed trust and Thor Equities LLC is buzzed to be making big profits in a $275 million Manhattan property sale.

  • June 25, 2015

    Alabama Power Settles With EPA, DOJ Over Clean Air Claims

    Alabama Power Co. on Thursday proposed a settlement with the federal government in Alabama federal court that would address alleged Clean Air Act violations by converting some of its coal units to natural gas and investing $1.5 million in electrical vehicle charging infrastructure.

  • June 25, 2015

    NJ, NY Lawmakers Pass Port Authority Transparency Bills

    The New Jersey Senate on Thursday unanimously approved legislation that would subject the Port Authority to the open records laws of both New Jersey and New York, just a day after the New York Assembly passed a bill to reform the bi-state agency by making it operate more transparently.

  • June 25, 2015

    House Begins Debate On $30B DOI, EPA Funding Bill

    The U.S. House of Representatives on Thursday kicked off debate on a nearly $30.2 billion bill to fund the U.S. Department of the Interior and Environmental Protection Agency for 2016, taking up several amendments including an increase in funding for the Bureau of Indian Affairs.

  • June 25, 2015

    Mass. Pipeline Too Close To Blasting Zone, FERC Told

    Massachusetts officials asked the Federal Energy Regulatory Commission to pause construction of a natural gas pipeline until the agency reconsiders its approval, saying Tuesday the line runs dangerously close to an active blasting zone.

Expert Analysis

  • Flawed Federal Oversight Hinders Tribal Energy Development

    Ryan A. Smith

    Indian tribes and their members are together the third-largest owner of domestic mineral resources, including oil, gas and coal. Until the federal review process is significantly streamlined and made more predictable, tribes will continue to have difficulty developing their resources, and potential private partners will be less inclined to make the necessary investments, say Ryan Smith and Teddy Tanzer of Brownstein Hyatt Farber Schreck LLP.

  • The Top 3 New Do’s And Don’ts For Law Firm Websites

    Stephan Roussan

    In legal marketing circles, there are few topics peddled about more than “hot tips” for improving your law firm’s website. Google it. You’ll find more advice than you could ever digest. However, there are larger trends in technology, culture and user behavior that are impacting firms in very significant ways and are not being talked about nearly as much as they should be, says Stephan Roussan, founder of consulting and web developm... (continued)

  • What To Include In Your Calif. Project’s Enviro Baseline

    Gina Gribow

    The recent California state appeal's court decision in CREED-21 v. City of San Diego is an important milestone in California Environmental Quality Act jurisprudence, defining what should or should not be included in a project's environmental baseline for CEQA purposes, say Roger Grable and Gina Gribow of Manatt Phelps & Phillips LLP.

  • A Look At Who's Investing In Latin America

    Latin America is open for business and the world is taking notice. Foley & Lardner LLP partner Jeffery Atkin discusses which countries are actively taking on development projects in Latin America and how the culture is affecting their work there.

  • Calif. Affordable Housing Now Focused On Community Welfare

    Bryan W. Wenter

    The Supreme Court of California has recently unanimously upheld the City of San Jose’s affordable housing ordinance. As long as any similar ordinances are crafted to promote the health, safety and welfare of the community and not to address the alleged adverse impacts of new development and the need for affordable housing, the odds of successful legal challenge will be long, say Bryan Wenter and Ronny Clausner of Miller Starr Regalia.

  • Why Solar Projects Move Forward Despite Tribes’ Objections

    Troy Eid

    Tribal nations are derailing fewer renewable energy projects through litigation than in years past. It is important for both sides to understand why. A California federal court's recent decision in Colorado River Indian Tribes v. U.S. Department of the Interior is a good place to start, says Troy Eid, a shareholder at Greenberg Traurig LLP who serves on the Tribal Issues Advisory Committee of the U.S. Sentencing Commission.

  • Why Lateral Candidacies Fail

    Adam S. Weiss

    According to The American Lawyer, over 2,700 AmLaw 200 law firm partners switched firms last year, representing between 4 and 5 percent of all partners on the AmLaw list. But what about the thousands of other partners who tried — but failed — to switch firms? While no statistics are available on this number, I have a secret to share: Many, if not most, lateral partner candidacies fail, says Adam Weiss of the Lateral Lawyer Group.

  • Clean Power Plan Wins A Battle, But Has It Won The War?

    Jennelle Arthur

    While the Obama administration's Clean Power Plan may have survived its first legal challenge in Murray Energy Corp. v. U.S. Environmental Protection Agency before the D.C. Circuit, because the victory hinged on procedural grounds and the presiding judges were Bush-era appointees, the only certainty going forward is that the plan will continue to face both legal and legislative attacks, says Jennelle Arthur of Jackson Kelly PLLC.

  • 2 Minority Views From The Top Of BigLaw

    Cesar Alvarez

    While the percentage of minority attorneys at U.S. law firms remains disproportionately low, the senior management side of BigLaw paints an even bleaker picture of diversity — only a handful of the 100 largest U.S. law firms are currently helmed by minority attorneys. Offering that rare perspective in this regard are Cesar Alvarez, co-chairman of Greenberg Traurig LLP, and Eduardo Leite, chairman of the executive committee at Baker & McKenzie.

  • Texas High Court Is Sure About Reasonable Certainty

    Jeremiah J. Anderson

    In Phillips v. Carlton Energy Group LLC, the Supreme Court of Texas made clear that the “reasonable certainty” standard for recovery of lost profits applies and may not simply be avoided by seeking market value damages derived from lost profits, say attorneys at King & Spalding LLP.