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Energy

  • October 19, 2018

    Chief Justice Pauses Kids' Climate Suit Ahead Of Trial

    Chief Justice John Roberts issued an administrative stay on Friday in a lawsuit accusing the federal government of failing to protect future generations from climate change, in a move that could delay an Oregon federal trial currently set for Oct. 29.

  • October 19, 2018

    Gas Royalty Owners Seek Final OK Of $221M Deal With BP

    A proposed class of natural gas royalty owners asked Friday for final approval of a $221 million deal, including $147 million in cash and policy changes resulting in tens of millions more in royalties, settling claims in Oklahoma federal court that a BP PLC unit underpaid them royalties.

  • October 19, 2018

    Three Firms Guide Launch Of $508M In IPOs

    A software company, a genome editing company and an electric scooter manufacturer priced initial public offerings late Thursday that raised a combined $508 million, with help from DLA Piper, Ropes & Gray LLP and Skadden Arps Slate Meagher & Flom LLP.

  • October 19, 2018

    Trump Looks To Ease Burdens On Western Water Projects

    President Donald Trump on Friday directed two federal agencies to look for ways to make it easier for developers to complete water infrastructure projects in California, Washington and Oregon, including streamlining procedures that are in place to protect the environment and endangered species.

  • October 19, 2018

    Chevron's Risky Choices Sunk Retirement Plan, 9th Circ. Told

    A putative class of beneficiaries of Chevron's employee retirement plan asked the Ninth Circuit on Friday to revive their claims the company breached its fiduciary duties when it made high-cost and poor-performing investments, saying they had plausibly alleged that Chevron's money management process was flawed.

  • October 19, 2018

    EQT Seeks Quick Win In Ex-Exec's Suit Seeking Severance

    EQT Corp. told a Pennsylvania federal court Friday that a former executive shouldn't be able to get severance benefits he argued he was wrongly denied, saying that he voluntarily left the company.

  • October 19, 2018

    EPA Withdraws Obama-Era Uranium Mining Safety Rule

    The U.S. Environmental Protection Agency on Thursday withdrew an Obama-era proposal for new health and environmental protection regulations for uranium ore extraction that would have required stricter groundwater quality and monitoring standards.

  • October 19, 2018

    Texas Justices Decline To Hear Apache Royalties Dispute

    The Texas Supreme Court on Friday declined Devon Energy Production Co.’s request to review a lower court decision that said the company is solely liable to pay royalties on oil and gas produced from wells drilled by Apache Corp.

  • October 19, 2018

    EFH Reserve Release On Hold Pending 3rd Circuit Rehearing

    A Delaware bankruptcy judge on Friday delayed release of a $275 million reserve to Energy Future Holdings Inc.’s creditors pending a Third Circuit decision whether to reconsider its ruling that EFH should be freed from paying a termination fee after its deal to sell NextEra Energy Inc. its share of a power distribution system fell apart.

  • October 19, 2018

    Fuel Cell CEO Gets 3 Months For $8M Investment Scheme

    A Manhattan federal judge on Friday hit former fuel cell CEO Danny Pratte with a three-month prison sentence for misleading investors into thinking his Terminus Energy company was ready to start production, crediting Pratte's efforts to cooperate with law enforcement and handing down a short sentence for the $8 million fraud.

  • October 19, 2018

    FERC Redo Of Grid Rate Reviews May Pull Plug On Disputes

    The Federal Energy Regulatory Commission's recent overhaul of how it will determine acceptable investor returns for electricity transmission companies could reduce the number of rate disputes the commission must referee by significantly raising the jurisdictional bar for would-be challengers, experts say.

  • October 19, 2018

    Ukraine Asks DC Circ. To Stifle Tatneft's $112M Award Pursuit

    Ukraine continued pressing the D.C. Circuit on Thursday to scrap an order enforcing a $112 million arbitral award against the country for seizing an oil refinery from Russian energy company PAO Tatneft, arguing the energy company is a state-controlled entity and therefore Ukraine is immune to its claims.

  • October 19, 2018

    Jackson Walker Picks Up Appellate Pro In Dallas

    Jackson Walker LLP has hired the former managing partner of the now-closed appellate boutique Hankinson LLP to join its Dallas office's trial and appellate litigation practice as a partner.

  • October 19, 2018

    Ex-Lobbyist Accused Of Hindering Investment Fraud Probe

    A former lobbyist from South Carolina has been arrested on charges he tried to impede an investigation into a multimillion-dollar investment fraud scheme that has already led to 10 others facing criminal charges, federal authorities announced Friday.

  • October 19, 2018

    Winston & Strawn, Jones Day Guide Infrastructure Biz Buy

    Energy-focused special purpose acquisition company Sentinel Energy Services Inc. has agreed to buy Strike Capital LLC, the parent company of a North American infrastructure business, and create a publicly traded company that will have a total enterprise value of approximately $854 million in a deal that was guided by Winston & Strawn LLP and Jones Day.

  • October 19, 2018

    Pakistan Can't Escape $846M Enforcement Suit, Court Hears

    A Turkish power generating company urged a D.C. federal court Thursday to deny Pakistan's bid to toss the company’s suit to enforce an $846 million arbitral award issued over a rental power project, arguing that the country's allegations that the project was tainted by corruption are misplaced.

  • October 19, 2018

    WTO Battle Over Trump's Metal Tariffs Set To Intensify

    A number of World Trade Organization cases spurred by the Trump administration’s national security-based duties on steel and aluminum will move toward a more contentious stage at an Oct. 29 meeting of the WTO’s dispute wing, according to a meeting agenda circulated Friday morning.

  • October 18, 2018

    Baker Botts Guides $950M Valero Deal, Ending MLP

    Valero Energy Corporation will acquire all of Valero Energy Partners LP’s outstanding public common units, worth about $950 million, in a deal ushered in by Baker Botts on Thursday that abandons the companies’ master limited partnership structure.

  • October 18, 2018

    Zinke Touts New Moves On Offshore Wind Development

    The U.S. Department of the Interior will hold an offshore wind auction off the Massachusetts coast in December and is developing a first-ever Pacific offshore wind auction in California, Secretary of the Interior Ryan Zinke said Wednesday.

  • October 18, 2018

    Ill. High Court Says Ameren Can Take Land For Power Line

    The Illinois Supreme Court sided Thursday with electric utility Ameren Corp. in its fight to take land from 35 property owners for a new power line, reversing a lower court’s ruling that a state eminent domain statute was unconstitutional.

Expert Analysis

  • Series

    Trade Wars: Restricting Foreign Access To US Technology

    Hdeel Abdelhady

    The tech industry is now at the center of policies designed to protect U.S. technology from foreign access and influence — including not only restrictions on foreign investment, but also supply chain exclusions, limits on academic research, curbs on third-country technology transfers and measures against foreign control of key raw materials, says Hdeel Abdelhady of MassPoint Legal and Strategy Advisory PLLC.

  • Need Litigation Finance? Don't Skip These 5 Steps

    Molly Pease

    The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.

  • ​Are You Ready For Your Congressional Investigation?

    Brian Smith

    ​The Democratic Party is ​expected to take control of the House of Representatives next year,​ ​which​ will dramatically increase the congressional investigations risks for ​the ​private sector.​ Prime targets include pharmaceutical, financial services and technology ​companies, says Brian Smith of Covington & Burling LLP.

  • A Closer Look At EPA Inspector General's New Strategic Plan

    Brian Stansbury

    The U.S. Environmental Protection Agency's Office of Inspector General recently released its strategic plan for 2019 to 2023. Brian Stansbury and Leah Min of King & Spalding LLP provide insights on several noteworthy aspects, such as how the OIG will hold the EPA accountable for meeting 2019 targets and rely on data and business analytics to meet its goals.

  • Series

    Trade Wars: Top 10 Trump Trends

    Charles Skuba

    The inner workings of the Trump economics and trade team remain foggy, but the administration's trade strategy can be discerned from the public statements of the president and his advisers. Unpredictability, mercantilism, bilateralism and a willingness to accept collateral damage are among the most important patterns, says Charles Skuba of Georgetown University’s McDonough School of Business.

  • EPA's New Approach To Interstate Air Pollution Under CAA

    Norman Fichthorn

    Over the last two decades, the U.S. Environmental Protection Agency’s efforts to address interstate air pollution under the Clean Air Act have yielded a series of complex federal regulatory programs. However, it's now signaling a method that involves greater deference to states’ analyses and determinations, says Norman Fichthorn of Hunton Andrews Kurth LLP.

  • 6th Circ. Creates Deep Divide Over Reach Of CWA

    Anthony Cavender

    Despite the Clean Water Act's long history, recent decisions from the federal appellate courts — including two opinions from the Sixth Circuit last month — have raised new questions about several issues that once seemed settled, say Anthony Cavender and Amy Pierce of Pillsbury Winthrop Shaw Pittman LLP.

  • How The Affordable Clean Energy Rule Impacts Oil And Gas

    Carroll McGuffey

    The U.S. Environmental Protection Agency’s proposed replacement for the Clean Power Plan, dubbed the Affordable Clean Energy rule, is now open for comment. The rule could cost the coal industry and coal-fired power plants millions, but there are a number of elements that the oil and gas industry must consider as well, says Carroll McGuffey of Troutman Sanders LLP.

  • Series

    Trade Wars: Tariffs Threaten To Outweigh Tax Reform Gains

    Erica York

    In the next installment of this series examining the dimensions of the Trump administration's trade agenda, Erica York of the Tax Foundation discusses how the economic harm caused by tariffs could slow or offset the economic and employment benefits of tax reform.

  • A Holistic Approach To Client Retention

    Dan Tacone

    In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.