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.
NRG Energy unit GenOn Energy Inc. urged a Texas bankruptcy court on Sunday to approve its pending Chapter 11 plan, but it is being met with an objection by the federal government over third-party litigation releases and a complaint that it is hastily pushing through a late settlement.
A Delaware Chancery judge on Monday threw out a shareholder lawsuit challenging power generating giant NRG Energy Inc.'s stock reclassification of its yieldco, ruling that the standards under the MFW precedent that can protect controlling-party takeovers from stockholder claims were met, and can also extend to reclassification transactions.
The Ninth Circuit’s chief judge said Monday the court would be “absolutely flooded with appeals” if it sided with the U.S. Department of Justice and reversed an Oregon federal judge's ruling that gave 21 children a green light to sue the executive branch for allegedly endangering them and future generations with policies that contribute to climate change.
The Delaware bankruptcy judge presiding over the massive Energy Future Holdings Corp. case rejected Monday a bid by would-be buyer NextEra Inc. to halt his decision not to award a $275 million breakup fee during an appeal process, saying that such a move would be “premature.”
Zurich American Insurance Co. on Friday urged a Maine federal judge to hold that it doesn't have to defend electricity supplier Electricity Maine LLC in a proposed class action alleging the company overbilled customers by about $35 million, contending that the underlying complaint doesn't allege any potentially covered claims.