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.
Three environmental organizations, the California Department of Fish and Wildlife and a Consolidated Edison Development Inc. unit on Friday said a 247-megawatt solar project in central California has been abandoned over endangered species concerns in favor of a smaller facility in a different location.
The Federal Energy Regulatory Commission on Friday defended to the D.C. Circuit its decision entitling San Diego Gas & Electric Co. to recoup only half of $31 million it spent on a transmission project if the project is abandoned for reasons outside the utility’s control.
The Senate Appropriations Committee on Thursday easily passed a sprawling $38.4 billion energy and water development funding bill that includes, among other things, financing for programs under which the U.S. Army Corps of Engineers and tribes would collaborate on water resource projects and consolidated nuclear waste storage facilities would be built.
In this week’s Taxation With Representation, Ontario’s partially privatized electricity provider agrees to buy U.S.-based Avista Corp. in a $5.3 billion deal, U.K.-based Reckitt Benckiser inks a $4.2 billion sale of its food business to McCormick, and water-service provider Select Energy Services enters into a stock-for-stock merger deal with Rockwater Energy Solutions.
A contractor urged a New York federal court Thursday to require Delaware Trust Co. to turn over a $21.1 million payment from the Republic of Congo as part of its efforts to collect on arbitral awards, a request Delaware Trust has already pushed back against in two related cases.