Energy Law360 provides breaking legal news and analysis on the energy sector. Coverage includes litigation, policy developments, and corporate deals involving oil and gas companies, energy utilities, alternative energy providers, and energy-related mining companies.
A New York bankruptcy judge said Friday that Brookfield Business Partners LP and the legal professionals winding down Westinghouse Electric Co.'s Chapter 11 estate need to provide more information before he can rule on a disputed $134 million transferred to Brookfield when it bought the distressed contractor.
The Texas Supreme Court said Friday it would hear a case on whether an electric cooperative that operates heat recovery steam generators in power plants can qualify for a property tax exemption for pollution control, after an appeals court affirmed a state agency’s denial of the credit.
The Texas Supreme Court on Friday said the holders of a right of first refusal on mineral rights could not have discovered a sale had taken place without being notified, allowing the holders' suit to be filed after the usual four-year window.
The Fifth Circuit on Thursday declined a bid by Posco Daewoo Corp. to rephrase a question the appeals court panel put to Louisiana's highest court, despite the Korean trading giant's arguments that the question as stated would not help determine whether it could seize an iron shipment as security for a future arbitration award.
A Delaware bankruptcy judge on Friday postponed action on Starion Energy Inc.’s attempt to bar Massachusetts from potentially retaining millions of dollars of its assets as the state pursues a consumer protection action against the company for alleged deceptive marketing practices.