The California Public Utilities Commission on Thursday rejected a call to examine alleged overbilling and securities law violations related to a Southern California Edison Co. generator replacement project at the company's San Onofre nuclear power plant, saying it had no jurisdiction over the claims.
Three environmental groups on Tuesday sued the Bureau of Land Management in California federal court over its decision last year to set aside swaths of open space for utility-scale solar energy projects and failing to study smaller alternatives in degraded and developed areas rather than prime public land.
The Natural Resources Defense Council Inc. on Friday sued the U.S. Department of the Interior in New York federal court to compel documents on the coal tract leases in the Powder River Basin, alleging the government has lost more than $30 billion through flaws in its lease-bidding program.
The California American Water Co. and the Marina Coast Water District are suing each other over the Monterey County Water Resources Agency’s decision to terminate a $400 million water desalination plant deal over conflict-of-interest concerns, according to complaints transferred to San Francisco Superior Court last week.
MBIA Insurance Corp. on Wednesday launched a suit in Texas court, alleging the Harris County – Houston Sports Authority has refused to collect revenue meant to secure $1 billion in bonds issued to finance construction of Houston’s sports venues and instead is making insurance claims to cover debt payments.
Chinese-owned company Ralls Corp. on Monday asked a Washington federal judge to void its agreement to purchase four Oregon wind farm projects from Terna Energy USA Holding Corp., after President Barack Obama blocked the deal on national security grounds.
The Center for Biological Diversity on Thursday hit California with a lawsuit alleging it is issuing permits for hydraulic fracturing without tracking, monitoring or otherwise supervising the controversial practice, running afoul of state environmental regulations.
Several environmental groups sued the U.S. Department of the Interior's Bureau of Land Management in Utah federal court Friday, claiming the bureau failed to properly conduct an environmental analysis before granting a permit to a major Gasco Energy Inc. natural gas development project.
Two environmental groups on Thursday asked the D.C. Circuit for an emergency stay of the Federal Energy Regulatory Commission's approval of a Kinder Morgan Energy Partners LP unit's $400 million natural gas pipeline expansion in Pennsylvania and New Jersey.
A unit of Kinder Morgan Energy Partners LP on Monday sued two environmental groups and the Pennsylvania Environmental Hearing Board for attempting to circumvent the federal permitting process to block a $400 million natural gas pipeline expansion in Pennsylvania and New Jersey.
DynaResource Inc. last week asked a Texas state court for more than $14 million in damages it says were caused when Goldgroup Resources Inc. improperly claimed to own half of a 178,000-acre gold mining project in Mexico.
The Argentine government's nationalization of energy firm YPF SA from Repsol SA does not entitle Repsol to pursue legal action against those that wish to do business with YPF, according to Bridas International SA, which filed suit Thursday against the Spanish oil and gas company in New York state court.
The U.S. Securities and Exchange Commission on Thursday filed and settled fraud charges against California-based Nekekim Corp. and its CEO Kenneth Carlton for allegedly tricking investors out of $16 million by misrepresenting the presence of gold in a mining venture.
A Houston-based oil field drilling service provider on Wednesday launched a suit against Buccaneer Energy Ltd., alleging the oil and gas company underfunded a joint venture to refurbish an oil rig to be used off Alaska's coast, causing the deal to fail.
In a test of cities' power to police hydraulic fracturing, the Colorado Oil & Gas Association on Monday sued a Denver-area municipality to invalidate a voter-approved ban on the natural gas extraction technique, saying it intrudes on state oversight and fosters inconsistent regulation.
An environmental advocacy group on Monday challenged the Obama administration’s five-year offshore oil and gas leasing program in the D.C. Circuit, claiming its plans for new lease sales were economically unjustified.
Industrial salvage company PRC Environmental Inc. on Wednesday hit Diamond Offshore Drilling Inc. with a suit in Texas federal court, alleging the drilling services contractor made false claims about an offshore oil rig, killing leasing deals worth $258 million.
The National Parks Conservation Association and five other environmental advocacy groups sued the U.S. Environmental Protection Agency in Minnesota federal court Wednesday to compel the agency to mandate stricter pollution controls at a Minnesota Xcel Energy Inc. power plant.
A Houston power company and a private equity firm on Thursday hit two former employees with a breach of contract suit in Texas court, alleging they diverted resources from a power plant project in which the companies invested $44 million to develop a competing plant.
California's San Luis Obispo County wrongly rejected Excelaron LLC's plan to drill for oil in the county's rural Huasna Valley, potentially costing the exploration company more than $6.2 billion worth of oil, one of the firm's owners said Wednesday.
Recently, the National Ocean Council released its final national ocean policy implementation plan, identifying specific actions for federal agencies to undertake to bolster the nation's ocean economy and improve ocean health. These actions could broadly impact a wide range of ocean uses, including offshore energy development, shipping, recreation, fishing and aquaculture, say attorneys with Van Ness Feldman LLP.
Must a public project receive environmental clearance before an agency may begin acquiring property for it? In Golden Gate Land Holdings LLC v. East Bay Regional Park District, the California Court of Appeal answered no, permitting an agency to file an eminent domain action prior to complying with the California Environmental Quality Act, but the holding appears limited, say attorneys with Nossaman LLP.
Alongside legal reform and a consolidation of institutions, self-regulatory initiatives have promoted a real improvement in corporate governance practices in Brazil. Such factors have also led to the creation of a more diffuse control of capital in Brazilian companies and the increased participation of active minority investors demanding professional, independent and transparent management bodies, says Silvia Fazio of Chadbourne & Parke LLP.
The Internal Revenue Service's recently published Notice 2013-29 provides two new "begun construction" tests used to determine whether certain projects qualify for a production tax credit or investment tax credit. While these tests are very similar to the U.S. Department of Treasury's Section 1603 rules, practitioners should take note of the important differences, says Forrest Milder of Nixon Peabody LLP.
While the challenge of development in many African countries should not be underestimated, the rising middle class and ensuing breadth of needs across industries ― including power generation and distribution, transportation, telecommunications, agribusiness, oil and gas, financial services, health care, education, housing and consumer goods — provide an array of prospects for foreign investment, say experts with AlixPartners and Dentons.
While the U.S. Supreme Court has upheld the Second Circuit ruling on the reach of the Alien Tort Statute, the court's narrow holding in Kiobel v. Royal Dutch Petroleum, issues raised in concurring opinions and the submission of voluminous amicus briefs all suggest a strong likelihood of continued challenges regarding overseas violations of international law. Mining, oil and pharmaceutical companies, manufacturers and financial institutions doing business on foreign soil should take note, say Benjamin Haglund and Barbara Yu of Day Pitney LLP.
In order to incentivize foreign pension funds to invest in U.S. infrastructure projects — such as oil and gas fields, pipelines, real estate development and toll roads — the Obama administration has proposed putting foreign pension funds on equal footing with U.S. pension funds that are permitted to invest in certain real estate assets on a tax-exempt basis. The proposal, if enacted, would open up certain classes of investment assets effectively unavailable to foreign pension funds, say James Reardon and Elizabeth Behncke of Bracewell & Giuliani LLP.
Despite it being the most common type of off-take contract in a large-scale energy project, the take-or-pay contract is still often poorly drafted. Parties entering into such contracts should be aware of the essential features of the take-or-pay obligation and understand the potential lumpiness of such contracts in worst-case scenarios, say attorneys with King & Spalding LLP.
In declining to authorize a transaction among MACH Gen LLC, Saddle Mountain Power LLC and New Harquahala Generating Company LLC, the Federal Energy Regulatory Commission has provided some guidance regarding when the transfer of control is sufficient to mitigate the failure of FERC’s horizontal market power screens but with little clarity, say attorneys with Akin Gump Strauss Hauer & Feld LLP.
Two major decisions — one from a New York state appeals court on a municipality's ability to regulate natural gas exploration through home rule powers and another from a state agency on whether health effects of high-volume hydraulic fracturing have been sufficiently addressed — are expected in the spring of 2013 and will largely determine the extent to which fracking will occur in New York state, say attorneys with Nixon Peabody LLP.