Project Finance

  • July 30, 2014

    10 Appointed To Oversee $2B Detroit Bridge Project

    Canada's minister of transport and Michigan's governor on Wednesday announced 10 appointees to two organizations that will oversee New International Trade Crossing project, an estimated $2 billion international bridge crossing between Detroit and Windsor, Ontario.

  • July 30, 2014

    McConnell Says EPA's Coal Emissions Plan Is A Job Killer

    Senate Minority Leader Mitch McConnell, R-Ky., on Tuesday slammed the U.S. Environmental Protection Agency for effectively killing off coal industry jobs through its extensive regulations on the coal industry, joining a chorus of utilities and industry groups at the agency's two-day public hearing in opposing its proposed clean power plan.

  • July 30, 2014

    Hess Plans To Spin Off Assets In Oil-Rich Bakken Region

    Hess Corp. said Wednesday it is planning an initial public offering next year to spin off pipeline and storage assets mostly in North Dakota’s Bakken region into a master limited partnership, a move offering tax advantages and a vehicle to drive further growth in the oil-rich territory.

  • July 30, 2014

    Enterprise Seeks New Trial After $500M Pipeline Judgment

    Enterprise Products Partners LP will seek a new trial against Energy Transfer Partners LP, its former ally in a crude oil pipeline project that won a $536 million judgment Tuesday after a jury found the two energy giants had formed a binding partnership to build the line.

  • July 30, 2014

    JinkoSolar Nets $225M PE Injection For Downstream Solar Biz

    JinkoSolar Holding Co. Ltd. said on Wednesday that three different investors will be injecting a combined $225 million in private equity investments into the Chinese solar manufacturing company in a move meant to bolster its downstream solar power project division.

  • July 30, 2014

    Newmont To Invest Up To $1B In New Suriname Gold Mine

    Colorado-based gold mining giant Newmont Mining Corp. will invest up to $1 billion to develop the new Merian gold mine in Suriname, Newmont announced Tuesday.

  • July 29, 2014

    Senate Passes Bill Funding Highway Trust Through December

    The U.S. Senate on Tuesday passed a bill extending funding for the U.S. Highway Trust Fund through December as the infrastructure fund faces looming insolvency, giving lawmakers additional time to come up with a long-term solution to the fund’s woes.

  • July 29, 2014

    Texas Eastern Can't Stop Emerald Coal's Extraction Plans

    A Pennsylvania appeals court on Tuesday ruled that Pennsylvania Services Corp., trading as Emerald Coal Resources LP, had the right to extract coal beneath pipelines owned by Texas Eastern Transmission LP and wasn't liable for any surface damages caused by the coal removal.

  • July 29, 2014

    ConocoPhillips Hits Back At Alaska In $786M FERC Dispute

    ConocoPhillips Co. asked the Federal Energy Regulatory Commission on Tuesday to sign off on a tariff to recover certain costs from ratepayers for a $786 million reconfiguration project to electrify the Trans-Alaska Pipeline System's turbines, firing back at a challenge from the state of Alaska.

  • July 29, 2014

    EPA Carbon Plan Will Speed Shift From Coal: FERC Members

    Federal Energy Regulatory Commission members told lawmakers on Tuesday that the U.S. Environmental Protection Agency’s new carbon emissions reduction proposal would speed up a change from coal to natural gas or other cleaner power sources and require substantial infrastructure improvements.

  • July 29, 2014

    Mining Industry, GOP Rep. Blast EPA Clean Power Plan

    Several coal and energy trade groups and a Republican lawmaker on Tuesday urged the U.S. Environmental Protection Agency to abandon its proposed plan to reduce greenhouse gas emissions from existing coal-fired power plants, claiming the rules would have a dramatically negative effect on the coal and manufacturing industries.

  • July 29, 2014

    Deals Rumor Mill: Pepe Jeans, Leighton, Sprint

    Private equity-backed clothing retailer Pepe Jeans is looking to sell its business, which could fetch as much as $941 million, while City Developments and Stockland Group are said to be vying for Leighton Holdings' $7 billion residential and commercial property portfolio.

  • July 29, 2014

    Climate Action Delay May Cost $150B A Year: White House

    The White House Council of Economic Advisers said Tuesday that delaying action on climate change could cost the United States $150 billion a year if temperatures increase by three degrees Celsius instead of two, according to a report released in support of the president’s climate change plan.

  • July 29, 2014

    Waste Management Seals $2B Sale Of Renewables Unit

    Waste Management Inc. is set to sell its renewable energy generation subsidiary to an affiliate of private equity firm Energy Capital Partners for $1.94 billion, the companies said Tuesday, as Waste Management attempts to focus on its core business.

  • July 28, 2014

    Alaska Says Ratepayers Shouldn’t Cover $786M Pipeline Costs

    The state of Alaska on Friday urged the Federal Energy Regulatory Commission to reject an attempt by operators of the Trans-Alaska Pipeline System to recover “ineligible” costs from ratepayers for an ill-planned, still-unfinished $786 million reconfiguration project to electrify the pipeline's turbines.

  • July 28, 2014

    NJ High Court To Hear Solar Contractor's $50M Lien Effort

    The New Jersey Supreme Court will consider the enforceability of liens issued against municipal financing, agreeing Monday to hear a company blocked from issuing liens on over $50 million in financing for a public solar project because county improvement authorities are statutorily exempt from liens.

  • July 28, 2014

    Locke Lord Adds Former Dentons Energy Partner In Dallas

    Locke Lord LLP has bolstered its energy and corporate practices in Dallas and Houston, picking up a former Dentons partner who specializes in mergers and acquisitions, development projects and financing for energy companies, the firm announced Monday.

  • July 28, 2014

    Feds Won't Join Princeton Rail Station Relocation Case

    A community group determined to save a historic Princeton, New Jersey, rail station vowed Monday to keep fighting to stop Princeton University from rerouting a local commuter train route, despite the U.S. Surface Transportation Board ruling that the matter is outside its purview.

  • July 28, 2014

    Exxaro Puts Up $472M For Total's S. African Coal Assets

    South African mining company Exxaro Resources Ltd. is stepping up its investment in coal as it has agreed on Friday to buy Total Cost South Africa Proprietary, the country's fifth-largest coal producer, for $472 million from French multinational Total SA.

  • July 28, 2014

    East Bay To Spend $1.5B On Sewer Repairs After CWA Order

    The U.S. Environmental Protection Agency said Monday the East Bay Municipal Utility District and seven area communities agreed to upgrade their 1,500-mile-long sewer system over two decades to settle allegations they discharged sewage into San Francisco Bay, a project that is expected to cost around $1.5 billion.

Expert Analysis

  • Death Rattle For Unfinished Business Claims?

    Angelo G. Savino

    In a departure from Jewel v. Boxer, the decisions in the cases of Thelen LLP and Heller Ehrman LLP reflect a shift in the manner by which courts treat trustees’ claims for post-dissolution fees, say Angelo Savino and Julie Moeller Albright of Cozen O'Connor.

  • Securing Summary Judgment In Section 1603 Suits Got Harder

    Timothy Jacobs

    The U.S. Court of Federal Claims' recent opinion in Alta Wind I Owner-Lessor C v. United States, one of many Section 1603 energy grant cases filed in recent years, previewed some of the key issues to be decided in these cases — and it does not appear that these issues can be resolved by summary judgment, says Timothy Jacobs of Hunton & Williams LLP.

  • Amtrak's Metrics-Making Power Hangs In The Balance

    Kevin M. Sheys

    For industry, the U.S. Supreme Court's ruling in Association of American Railroads v. Department of Transportation will be about whether the standards Amtrak helped create will survive and be used to measure how the railroads adhere to their long-standing statutory obligation to give priority to Amtrak trains, says Kevin Sheys of Nossaman LLP.

  • Opportunities In Russia's Renewable Energy Program

    Alex Blomfield

    For corporate lawyers, Russia’s renewable energy incentive program may provide opportunities given significant need among Russian companies to establish joint ventures and their inexperience with successfully and cost-effectively executing renewable energy projects, say Alex Blomfield and Alexandra Rotar of King & Spalding LLP.

  • Trial-Ready In 180 Days: Prepare For SDNY's Rocket Docket

    Isaac S. Greaney

    A growing trend in the Southern District of New York akin to a sua sponte rocket docket can provide defendants with an opportunity to set the tone of discovery and shift the burden and risks of the schedule to their adversaries, say Isaac Greaney and Jackie Lu of Sidley Austin LLP.

  • Wind River Reservation May Shape Tribal CAA Jurisdiction

    Bart J. Freedman

    Public and private entities, including the state of Wyoming, have raised an issue of first impression as to whether the U.S. Environmental Protection Agency has the authority to determine an Indian reservation's boundaries under the Clean Air Act — the result could lead to a departure from established regulatory principles and should be of interest to entities operating on or near reservations, say attorneys at K&L Gates LLP.

  • When You Are Responsible For Your Book Of Business

    Jennifer Topper

    Finding prospective clients and retaining them has little to do with your legal training and expertise, and yet you have no practice without successful client acquisition and retention. There is no reason you cannot apply your basic legal training to successful sales efforts hinging upon your practice strength and experience, says independent law firm consultant Jennifer Topper.

  • 5 Takeaways From Latest US Sanctions Against Russian Cos.

    Alexandra Lopez-Casero

    The latest round of U.S. sanctions against Russia’s oil, natural gas and financial industries is a dramatic departure from how the United States has applied targeted sanctions in the past, and raises several questions, say Alexandra Lopez-Casero and D. Grayson Yeargin of Nixon Peabody LLP.

  • An Inventive Way To Remove Pure State Court Claims

    Michael E. Blumenfeld

    Nondiverse state court defendants facing purely state law claims that seek to secure federal jurisdiction should determine whether a good faith basis exists to pursue a third-party action against a federal actor in order to trigger the representative U.S. Attorney’s certification and remove such claims under the Westfall Act, say Michael Blumenfeld and Jonathan Singer of Miles & Stockbridge PC.

  • Powerful Tools For Discovery And Litigation Strategy

    Nathalie Hofman

    Analytics offer opportunities for refining both discovery strategy and overall litigation strategy by providing information to support better informed decisions. As an added bonus, they can result in significant cost savings, say Nathalie Hofman and Carolyn Southerland of Huron Consulting Group Inc.