Energy

  • January 19, 2018

    Government To Shut Down After Band-Aid Funding Falls Off

    The federal government is set to shut down early Saturday morning after Senate Democrats blocked a short-term funding measure, following a breakdown in spending negotiations and partisan wrestling over immigration policy.

  • January 19, 2018

    FTC OKs 7-Eleven's $3.3B Bid For Sunoco Portfolio With Fixes

    The Federal Trade Commission on Friday signed off on a $3.3 billion deal that would let 7-Eleven's parent company acquire nearly 1,100 gas stations from Sunoco LP on the condition that nearly 60 stores stay with or move to Sunoco.

  • January 19, 2018

    No Plea Talks For Cuomo Aide, Others Eyed In Albany Graft

    Four New York men accused of a large-scale bribery and corruption scheme flowing from the state capital of Albany, including a noted confidante to Gov. Andrew Cuomo, are going to trial without having had plea negotiations, a Manhattan federal judge was told Friday. 

  • January 19, 2018

    ADT Leads 3 PE-Backed Firms' IPOs Raising $2.4B Combined

    Home security giant ADT Inc. has returned to the public markets for the first time in nearly two years after pricing a $1.47 billion initial public offering on Thursday, the same day that private equity-backed firms Americold Realty Trust and Nine Energy Service Inc. priced offerings worth a combined $886 million.

  • January 19, 2018

    Texas Justices To Hear Wastewater Disposal Well Tax Fight

    The Texas Supreme Court on Friday agreed to review a dispute between saltwater disposal well companies and the Parker County Appraisal District in which the companies argue that the district’s decision to tax their underground wastewater disposal wells separately from the surface constitutes unconstitutional double taxation.

  • January 19, 2018

    DC Circ. Upholds NRC's Wyo. Uranium Mine License

    The D.C. Circuit on Friday rejected environmental groups’ effort to revive their challenge to the U.S. Nuclear Regulatory Commission’s decision to issue a license for Strata Energy Inc.’s uranium mining project in Wyoming.

  • January 19, 2018

    Feds Want Tribes’ Bears Ears Challenge Moved To Utah

    The federal government asked a D.C. federal court Thursday to transfer a suit brought by the Hopi Tribe and others alleging President Donald Trump did not have authority to reduce the size of the Bears Ears National Monument, arguing that Utah is a better venue.

  • January 19, 2018

    Texas Oil Driller Settles $618M IRS Dispute In Tax Court

    The oil exploration unit of Texas-based Lewis Energy Group LP has reached a settlement with the IRS that will see the company recognize far less income for its 2011 tax year than the $618 million originally sought by the agency, according to a decision entered in the U.S. Tax Court Friday.

  • January 19, 2018

    Breaking Down The Sprawling Ex-Cuomo Aide Corruption Trial

    Federal prosecutors are set to face off with a former confidant of Gov. Andrew Cuomo over an alleged bribery scheme with hundreds of millions of government dollars in play, and are aiming to clear the U.S. Supreme Court's raised bar for proving graft in the latest trial over alleged corruption in New York's state government. Here, Law360 takes a look at the case in advance of the trial scheduled to begin on Monday.

  • January 19, 2018

    11th Circ. Affirms Sentences For Gulf Oil Spill Fund Fraud

    The Eleventh Circuit on Thursday affirmed the sentences of three people in connection with a family-run scheme that saw the claims fund established by BP for victims of the 2010 Deepwater Horizon oil spill defrauded of several million dollars, rejecting various allegations of errors by the trial court.

  • January 19, 2018

    Energy Group Of The Year: Vinson & Elkins

    Vinson & Elkins LLP's attorneys in 2017 handled 74 energy mergers and acquisitions deals valued at more than $104 billion and also notched victories before the Texas Supreme Court on behalf of pipeline company Denbury Green and Oncor Electric Delivery Co., earning it a place among Law360's Energy Groups of the Year for the eighth consecutive year.

  • January 19, 2018

    Judge Wants To Hear Dueling Va. Coal Mine Pollution Suits

    A Virginia federal judge on Friday refused to nix dueling suits between Red River Coal Co. and environmental groups over alleged coal mine pollution, saying he has jurisdiction to determine whether Red River has violated the Clean Water Act.

  • January 19, 2018

    FERC Shouldn't Hear Religious Freedom Claim, 3rd Circ. Told

    A Roman Catholic order of nuns on Friday urged the Third Circuit to undo a district court’s ruling that the Federal Energy Regulatory Commission, not the courts, must hear its pipeline challenge, arguing that the agency isn’t a competent tribunal with respect to the religious freedom law controlling its claim.

  • January 19, 2018

    Warburg Pincus Drops $150M PE Line To Oil Co.

    Texas-based oil and gas exploration and production company Stronghold Energy II Holdings LLC received a line of equity financing of up to $150 million from funds affiliated with private equity firm Warburg Pincus, the company said Friday.

  • January 19, 2018

    DC Circ. Backs FERC In New England Power Auction Row

    The D.C. Circuit on Friday backed the Federal Energy Regulatory Commission's rejection of a complaint by New England power producers challenging regional grid operator ISO New England Inc.'s clawing back of auction revenues for delivering future power due to high real-time power prices.

  • January 19, 2018

    Taxation With Representation: Wachtell, Kirkland, Latham

    In this week’s Taxation With Representation, Silver Lake and P2 purchased Blackhawk for $3.5 billion, Energizer acquired Spectrum’s battery business for $2 billion, Wyndham snapped up La Quinta for $1.95 billion, and Energy Transfer sold its natural gas compression business to USA Compression for $1.8 billion.

  • January 19, 2018

    High Court's In-House Judge Review Puts FERC In Firing Line

    The U.S. Supreme Court's recent decision to take up a case over whether the U.S. Securities and Exchange Commission's hiring of administrative law judges is constitutional has experts predicting a wave of litigation challenging the Federal Energy Regulatory Commission's heavy use of in-house judges if the Supreme Court strikes down the SEC's hiring practices.

  • January 18, 2018

    DOE's Delay In Publishing Energy-Saver Rules Questioned

    A California federal judge seemed skeptical that the U.S. Department of Energy could stall its own energy conservation standards for household and industrial appliances, saying at a hearing Thursday that he didn’t see why publishing the finalized rules was a discretionary decision, when all it required was “the push of a button.”

  • January 18, 2018

    NY Tells 2nd Circ. It Did Not Waive Authority Over Pipeline

    New York’s Department of Environmental Conservation pressed the Second Circuit on Wednesday to hold that the agency did not waive its permitting authority over a Millennium Pipeline Co. LLC natural gas pipeline project, despite the Federal Energy Regulatory Commission’s conclusion to the contrary.

  • January 18, 2018

    Toisa Owner Release Deal Gets OK Over US Trustee Objection

    A New York bankruptcy judge on Thursday approved a settlement that would shake up Toisa Ltd.'s corporate governance and release the bankrupt oil fleet operator's sole shareholder from potential creditor litigation, strongly rebuking the U.S. Trustee's office for challenging a deal with unanimous support from stakeholders.

Expert Analysis

  • Will Tax Reform Affect Utility Rates?

    Bradley Seltzer

    While some have trumpeted massive refunds awaiting utility customers following the federal corporate tax rate reduction from 35 percent to 21 percent, there are statutory, judicial and regulatory considerations and guiding principles that limit the extent to which such savings can and should be shared with utility ratepayers, say Bradley Seltzer and Amish Shah of Eversheds Sutherland LLP.

  • Key SEC Disclosure Topics For Oil And Gas Companies

    Bill Nelson

    Comment letters sent last year to oil and natural gas exploration and production companies by the U.S. Securities and Exchange Commission indicated several major areas of concern regarding such companies’ disclosures. Most of the SEC’s top concerns remain relevant this year, say attorneys with Haynes and Boone LLP.

  • Oil States Patent Dispute Will Affect Bankruptcy Courts

    Benjamin Feder

    A patent dispute before the U.S. Supreme Court this term, Oil States v. Greene’s, concerns the limits of Congress’ ability to create courts under Article I and therefore raises separation-of-power issues similar to those in Stern v. Marshall, where the Supreme Court limited the authority of the bankruptcy courts, says Benjamin Feder of Kelley Drye & Warren LLP.

  • How Delaware Courts Approach Effort Commitments

    Henry Alderfer

    Recent cases from Delaware have provided insight into how courts analyze and interpret contractual commitments to use various levels of effort under Delaware law, says Henry Alderfer of Taft Stettinius & Hollister LLP.

  • A Momentous Year For CFIUS: Part 2

    Stephen Heifetz

    Regardless of whether new legislation is enacted, dramatic changes to the Committee on Foreign Investment in the United States have arrived. In 2017, a much “stickier” CFIUS process resulted from concerns about China and a broader worry that international trade has not always benefited the United States, say attorneys with Wilson Sonsini Goodrich & Rosati PC.

  • A Survey Of In-House Attorney Views On Trade Secrets

    David Almeling

    In an attempt to peek behind the corporate curtain and pick the brains of those with unrivaled access to their companies’ trade secrets, we surveyed 81 in-house attorneys who work on trade secret issues. We discovered many interesting findings — and one alarming trend, say attorneys with O’Melveny & Myers LLP.

  • A Momentous Year For CFIUS: Part 1

    Stephen Heifetz

    The Committee on Foreign Investment in the United States was the subject of more focus, change and consequence in 2017 than it had been in at least a decade. It appears that the significant CFIUS developments last year soon may be followed by formal legal changes, say attorneys with Wilson Sonsini Goodrich & Rosati PC.

  • 6 E-Discovery Predictions For 2018

    Erich Potter

    Erich Potter, discovery counsel with Oles Morrison Rinker & Baker LLP, discusses six ways e-discovery will continue to excite and confound in 2018.

  • How FERC Redefined 'Grid Resilience'

    Colette Honorable

    Last fall, the U.S. Department of Energy directed the Federal Energy Regulatory Commission to consider "grid resilience" measures that tended to favor coal and nuclear power. FERC's response this week, rejecting the DOE approach, embraces a resilience strategy incorporating new energy technologies, and could even lead to consideration of climate change as a factor, say attorneys with Reed Smith LLP.

  • White House Deregulation Push Is Just Getting Started

    Jane Luxton

    The Trump administration's recently released unified agenda indicates an even greater pace of deregulatory action in 2017 than was called for in the president's "two-for-one" executive order. But parties interested in particular future regulatory reforms must develop a strategy for aligning with the relevant agency’s priorities, say attorneys with Clark Hill PLC.