Project Finance Law360 provides breaking news and analysis on high-impact project finance deals and attorneys involved. Coverage includes major industrial, infrastructure, and public service projects, as well as related litigation and policy developments.
An Ohio bankruptcy judge ordered Akin Gump Strauss Hauer & Feld LLP attorneys billing the bankruptcy estate of reorganized debtor FirstEnergy Solutions Corp. to explain what role, if any, they had in lobbying efforts to get a controversial $1 billion nuclear reactor bailout bill passed by the Ohio Legislature before he would approve their fees.
The Army Corps of Engineers on Wednesday said it will not approve a critical water permit for a controversial gold and copper mine in Alaska, saying the project's environmental harms are too great, even considering the estimated economic benefits.
Guatemala has paid $37.4 million to a subsidiary of U.S.-based Teco Energy Inc. to satisfy an arbitral award the country had challenged for seven years in a long-running dispute over electricity tariffs.
Texas' government asked the state Supreme Court on Tuesday to review an appeals court's approval of a $29 million verdict for a developer who claimed that a highway project and related land condemnation tanked the value of the developer's residential project site, saying the ruling was incorrect.
President-elect Joe Biden has targeted climate change with ambitious power-sector and emissions targets, but several obstacles will need to be addressed, including the power markets' decentralized nature, certain states and constituencies' resistance, and the expected lack of a congressional mandate, say Sandra Rizzo and Jamie Lee at Arnold & Porter.