Energy

  • April 2, 2007

    Creditors Recover $1.9B From Enron

    Enron Creditors Recovery Corp., formerly known as Enron Corp., has returned an additional $1.9 billion to creditors that suffered losses in the energy company’s collapse.

  • April 2, 2007

    Mobil Sues Hyundai Unit Over Trademark

    Oil giant ExxonMobil has sued Korean auto parts maker Hyundai Mobis for treading on Mobil’s famous logo and trading on its reputation.

  • April 3, 2007

    DaimlerChrysler Settles Emission Charges For $1.2M

    DaimlerChrysler AG has agreed to pay $1.2 million to settle charges that it didn’t immediately notify the Environmental Protection Agency about emission defects in certain Mercedes-Benz vehicles.

  • April 2, 2007

    E.On Gives Up Fight For Endesa

    Settling a protracted takeover battle that triggered a whirlwind of lawsuits on both sides of the Atlantic, German power giant E.On AG said Monday it had pulled out of the contest for Spain’s Endesa by striking deals for assets worth about €10 billion with Italian rival Enel SpA and Spanish conglomerate Acciona SA.

  • April 2, 2007

    Outstanding Women: Gene Ann Herrin

    When Gene Ann Herrin first considered her job options 30 years ago, she had no idea that she would end up becoming a respected energy lawyer, much less one who would spend over a decade traveling around Africa, the Middle East and the Asia Pacific.

  • April 3, 2007

    Schiff Hardin Snags Eight From Sullivan And Worcester

    Schiff Hardin LP has added a group of attorneys from Sullivan and Worcester LLP, boosting the firm's expertise in Federal Energy Regulatory Commission matters.

  • April 2, 2007

    Azerbaijan Dodges Arbitration Award In Oil Dispute

    Citing lack of jurisdiction, a U.S. federal court has dismissed a case against a state-owned oil company in Azerbaijan that declined to pay an arbitration award to Houston-based energy firm Frontera Resources Corp.

  • April 3, 2007

    Wilson Sonsini Nets Renewable-Energy Partners

    Wilson Sonsini Goodrich & Rosati has brought in two leading experts in renewable-energy and biofuel matters to boost its clean-technology practice.

  • April 2, 2007

    High Court Deals Blow To Bush Over Global Warming

    Marking a significant defeat for the Bush administration, the U.S. Supreme Court has ruled by a narrow margin that the U.S. Environmental Protection Agency wrongly inferred that it did not have the power to regulate emissions that are believed to be contributing to global warming.

  • March 30, 2007

    Nicor Pays SEC $10M For False Transactions

    Natural gas provider Nicor Inc. will pay the U.S. Securities and Exchange Commission $10 million to settle allegations that it engaged in improper transactions and failed to disclose information about the company’s finances.

  • March 30, 2007

    Kroes Shoots Down Arguments Against Unbundling

    Responding to criticism of the European Commission’s energy unbundling plans, Competition Commissioner Neelie Kroes on Friday pushed her answers to what she called “counter-arguments and myths which are being bandied about.”

  • March 30, 2007

    U.S. Energy Biogas Seeks Exclusivity Extension

    U.S. Energy Biogas, which said it was driven into Chapter 11 by an onerous loan agreement, has filed court papers seeking a month-long extension of its exclusive right to file a reorganization plan.

  • March 30, 2007

    Mine Fined $1.5M After Employee Deaths

    Federal regulators have ordered a West Virginia coal mine to pay a record-setting $1.5 million for committing a slew of safety violations discovered after two employees died in a fire last year.

  • March 30, 2007

    Judge Refuses To Dismiss Oil Cos.' Price-Fixing Case

    A proposed class action suit which accuses the nation’s largest oil companies of using their market dominance to increase the price of gasoline has survived a motion for dismissal.

  • March 30, 2007

    Calpine Scores $5B For Refinancing

    Bankrupt energy provider Calpine Corp. has secured an additional $5 billion in funding that will allow the company to refinance its debts and save $100 million a year.

  • March 30, 2007

    Circuit Takes Pass On SEC Subpoena Decision

    A district court will decide whether Securities and Exchange Commission employees must testify in a class action securities suit against former Royal Dutch Shell PLC chairman Philip Watts, a circuit court ruled Friday.

  • March 30, 2007

    Outstanding Women: Erica A. Ward

    Energy independence, renewable energy, and conservation may be the buzzwords of the day, but Erica A. Ward, a co-founder of Skadden Arps Slate Meagher & Flom LLP’s energy practice, was using them long ago when she worked as a White House official in the Carter Administration.

  • March 30, 2007

    Law Firm Drops $16M Over Failed Enron Deal

    Law firm Murtha Cullina LLP has agreed to pay $16.25 million to the Connecticut Resources Recovery Authority for its poor advisement during a failed deal with Enron Corp.

  • March 29, 2007

    Ex-Auditor Criticizes MMS For Favoring Big Oil

    A former Interior Department auditor on Wednesday accused senior officials of the Minerals Management Service in a House panel hearing of playing favorites with Big Oil when it came to collecting royalties.

  • March 29, 2007

    New Bill Focuses On Nuclear Safety

    U.S. Sen. Bernie Sanders, I-Vt., introduced legislation Wednesday that would require nuclear power plants to undergo independent safety assessments before boosting their output or extending their operating licenses.