Constellation Energy and Maryland authorities have resolved their legal battle over consumer tax credits with a deal that will deliver $346 million in credits and $187 million in one-time rebates to the company's residential customers in Maryland.
Opponents of Duke Energy Corp.'s $2.4 billion project to build a coal-fired power generator at its Cliffside, N.C., power complex are seeking to overturn an air quality permit that the state issued for the facility.
Asia hasn't yet been hit hard by the U.S. economic downturn, but corporate attorneys there are worried that the number of deals they get done will eventually be affected. Infrastructure projects will likely be harmed, whereas natural-resource-related projects will be OK, sources say.
Law firms are bolstering their Islamic finance practices as they look to help clients into the estimated $1 trillion in investment capital up for grabs in the natural-resource-rich Middle East. But experts say the skills of some attorneys being drawn to the burgeoning field lag behind their enthusiasm.
Constellation Energy said Thursday it is close to settling its $386 million legal battle with the Maryland state government, as they discuss a deal that would provide for $346 million in credits, including a $187 million one-time credit to customers.
The U.S. Federal Energy and Regulatory Commission has asked Horizon Asset Management Inc. to provide information about its acquisition of more than $750 million of Sierra Pacific Resources stock.
Sandia National Laboratories, which develops nuclear weapons parts for the U.S. Department of Energy, is facing a collective action for allegedly denying current and former employees overtime pay.
As factors including high liquidity and a demand for infrastructure in the Middle East spur a surge in Islamic finance, places like Dubai and Singapore are positioning themselves to draw business away from more established Islamic finance centers like London, attorneys say.
A Dutch court's ruling has allowed Yukos International UK BV to pay GML Ltd. subsidiary and Yukos Oil Co. creditor Moravel Investments Ltd. almost $848 million, upholding a September 2005 decision by a London Court of International Arbitration tribunal.
Worried by the possible destructive consequences of an atomic experiment, two U.S. residents have sued the U.S. Department of Energy, government physics research center Fermilab and Europe's Center for Nuclear Energy Research, among others, for not conducting an environmental analysis before building a Large Hadron Collider in Switzerland.
Superior Offshore International Inc.'s legal woes increased Wednesday with the filing of another proposed class action that accuses the company and some of its officers and directors of conducting an initial public offering with a false and misleading registration statement and prospectus.
Citigroup Inc., the last remaining investment-bank defendant in the massive Enron MegaClaims suit, has agreed to pay $1.66 billion to end the long-running case, which sought to hold Wall Street liable for allegedly playing a role in the downfall of Enron Corp.
An environmental group has urged the U.S. Securities and Exchange Commission to sanction oil giant Chevron Corp. for allegedly misleading shareholders about a potential $10 billion damages bill it faces.
Greka Oil and Gas Inc. has been served with its fourth U.S. Environmental Protection Agency enforcement order this year and faces fines of up to $32,500 per day if it does not immediately clean up a polluted California site.
A division of GE Oil & Gas Inc. has been slapped with a lawsuit claiming a defective gas compressor ignited a fire at a natural gas production facility, resulting in $1.2 million in cleanup and removal costs.
An electricity industry group has asked a federal appellate court to reconsider its rejection of a plan to regulate mercury emissions at coal- and oil-fired power plants via a cap-and-trade system rather than a stricter provision of federal law.
In a blow to BP Amoco Chemical Co., a federal judge has ruled that the BP Plc subsidiary must face wrongful termination claims by a former employee who alleges he was harassed and ultimately fired because he has a speech impediment.
After failing to raise $1.5 million in interim financing, ethanol producer Ethanex Energy Inc. announced its plans to file for bankruptcy in a filing Monday with the U.S. Securities and Exchange Commission.
The Federal Energy Regulatory Commission has proposed an overhaul of its standards of conduct for transmission-provider employees in an effort to make enforcement easier and compliance “less elusive.”
The U.S. Department of Labor's Occupational Safety and Health Administration has proposed more than $1 million in fines against RPI Coating Inc. and Xcel Energy in the wake of last year's fatal tunnel fire in Colorado.