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Project Finance

  • November 30, 2018

    5th Circ. Tells Judge To Reexamine Deposition Order

    A Fifth Circuit panel has refused to immediately grant a request by Mississippi's governor to block the deposition of his chief of staff in a suit over the management of the Medgar Wiley Evers International Airport, but said there were holes in the lower court’s analysis.

  • November 30, 2018

    Exxon, Enviro Group Should Sue EPA, Mass. Judge Says

    Exxon Mobil Corp. and an environmental group suing the energy giant over its Boston-area petroleum storage terminal should bring the U.S. Environmental Protection Agency into the case to see whether the 2011 permit for the terminal is still valid, a Massachusetts federal judge suggested at a hearing Friday.

  • November 30, 2018

    Polish, Danish Gas Cos. Ink Baltic Pipeline Deal

    A pair of European gas transmission system operators on Friday said they have agreed to build a 900 kilometer gas pipeline that will cross Denmark, Poland and Sweden.

  • November 30, 2018

    Gas Co. Asks 10th Circ. To Rethink Tribal Pipeline Ruling

    A gas pipeline company urged the full Tenth Circuit on Thursday to reconsider a circuit panel’s recent ruling that the company couldn’t condemn land in which the Kiowa Tribe has a small interest, saying the ruling and another Tenth Circuit decision could hamper gas pipeline development at a critical time.

  • November 30, 2018

    Baker Botts Steers Equitrans Midstream In $530M Deal

    Natural gas operator Equitrans Midstream, advised by Baker Botts LLP, set the stage Friday to take full ownership of EQGP for $530 million and unveiled a plan to simplify its structure after being spun off from EQT earlier this month.

  • November 30, 2018

    Taxation With Representation: Nixon, Kirkland, Skadden

    In this week’s Taxation with Representation, Nixon Peabody bought Oasis Outsourcing Acquisition Corp. for $1.2 billion, an ArcLight Energy subsidiary bought TransMontaigne Partners LP for $536 million, and Forrester bought SiriusDecisions for $245 million.

  • November 30, 2018

    Info Bid Moot In Panama Canal Expansion Row, Court Hears

    The government-owned agency that operates the Panama Canal again urged a New York federal court on Thursday to toss as moot a lawsuit filed by a contractor seeking information to be used in arbitration relating to a multi-billion dollar canal expansion project, saying the relevant proceeding has ended.

  • November 29, 2018

    NW Tribal Leaders Oppose Trans Mountain Pipeline

    Indigenous tribal leaders on both sides of the U.S.-Canada border spoke out in opposition Wednesday against the Trans Mountain pipeline expansion, telling energy regulators the project would nearly triple the number of oil tankers moving through the Salish Sea and harm critical feeding grounds for orcas.

  • November 29, 2018

    Puerto Rico Bankruptcy Fee Examiner Seeks More Scrutiny

    The firms representing Puerto Rico's public debtors and creditor committees in the territory's restructuring cases should be subject to new controls over their ability to bill for experts and receive rate increases, a fee examiner has reported.

  • November 29, 2018

    Brennan Investment To Build 1M-Sq.-Ft. Colo. Industrial Space

    Chicago-based private real estate investment firm Brennan Investment Group LLC on Thursday said it teamed up with New York Life Real Estate Investors to buy roughly 61 acres of land in Commerce City, Colorado, with plans to develop nearly 1 million square feet of warehouse space on the land.

  • November 29, 2018

    Oakland A's Unveil Plans For New Waterfront Ballpark

    The Oakland Athletics on Thursday unveiled plans to build a new privately funded stadium near downtown and redevelop the site of the current Oakland Coliseum into a park and tech hub in a serious move for the team to remain in Oakland long-term.

  • November 29, 2018

    Chamber Backs Chevron At 9th Circ. In Climate Change Fight

    The U.S. Chamber of Commerce threw its support behind Chevron and other oil and gas companies in their appeals before the Ninth Circuit, challenging a decision to remand to state court public nuisance lawsuits lodged by five municipalities who claim the companies significantly contributed to climate change.

  • November 29, 2018

    LA Subway Extension's Last Leg Gets $100M From Gov't

    The Federal Transit Administration on Wednesday said it has allocated $100 million to the final phase of Los Angeles' controversial Purple Line subway extension project as part of the agency's $281 million funding for projects in Arizona, California, Minnesota and Texas.

  • November 28, 2018

    Fairway Energy Cleared To Tap $20M Del. Ch. 11 DIP Loan

    Bankrupt Fairway Energy LP won court approval Wednesday to tap the first $6 million of a $20 million Delaware Chapter 11 loan after assuring equity holders that the oil storage company would “shop” for a better borrowing deal as it pursues a company sale.

  • November 28, 2018

    Chamber, Trade Groups Back FERC At DC Circ. Over Pipeline

    The U.S. Chamber of Commerce and oil and gas trade groups have urged the D.C. Circuit to rule that the Federal Energy Regulatory Commission properly approved the $3.5 billion Mountain Valley gas pipeline project, saying the agency wasn’t required to analyze downstream greenhouse gas emissions as part of its National Environmental Policy Act review.

  • November 28, 2018

    Old Dominion Wants High Court Review Of Weather Losses

    Old Dominion Electric Cooperative has reiterated its request that the U.S. Supreme Court review an appellate court's decision that said the Federal Energy Regulatory Commission did not improperly block the company's effort to recoup millions in losses it suffered because of the 2014 polar vortex.

  • November 28, 2018

    Calif. Tribe Tells 9th Circ. BLM Improperly Extended Leases

    A California tribe and others urged the Ninth Circuit on Tuesday to uphold a ruling that would require the Bureau of Land Management to conduct more review before extending geothermal leases on land important to the tribe, saying the agency’s interpretation of the Geothermal Steam Act would upset the law’s balancing of development with environmental protection.

  • November 28, 2018

    Acting EPA Head Slams Climate Change Report

    The U.S. Environmental Protection Agency’s acting leader on Wednesday veered away from President Donald Trump’s recent remarks expressing skepticism about climate change, but also criticized a federal report on the issue as unnecessarily alarmist.

  • November 28, 2018

    Calif. Judge Questions PG&E On Role In Recent Wildfires

    A California federal judge has sent a round of questions to Pacific Gas and Electric Co., asking whether the company, which has been the target of numerous wildfire suits and a criminal case over a deadly 2010 gas line explosion and fire, had anything to do with the Camp Fire in Butte County that has killed nearly 90 people and displaced thousands.

  • November 27, 2018

    High Court Decision On Review Expands Landowners' Options

    In sending a dispute between the U.S. Fish and Wildlife Service and timber firm Weyerhaeuser back to the Fifth Circuit, and in the process reversing a decision on the right of landowners to review agency determinations about land protection, the U.S. Supreme Court has given landowners more options for appeal while diminishing the power of such agency decisions, attorneys say.

Expert Analysis

  • Utilities' Build-Transfer Deals Spur Renewable Projects

    Sean Shimamoto

    Build-transfer agreements — where an electric utility hires a third party to develop and construct a renewable energy project, then transfer ownership to the utility — can create opportunities and challenges for developers and utilities. Some common themes have emerged from recent transactions, say Sean Shimamoto and Frank Shaw of Skadden Arps Slate Meagher & Flom LLP.

  • 10 Clarifications To The $100B Opportunity Zone Program

    Jacob Werrett

    On Oct. 19, the IRS proposed regulations providing long-anticipated guidance related to the opportunity zone program. In the coming months, countless practitioners will work to interpret the specifics of the guidelines, but in the meantime there at least 10 clear takeaways for investors, says Jacob Werrett of JMA Ventures LLC.

  • 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.

  • Foreign Investors May Benefit From Opportunity Zones

    Galia Antebi

    Galia Antebi and Nina Krauthamer of Ruchelman PLLC discuss the elements of the opportunity zone tax code provision and the related options for non-U.S. investors, who generally are not subject to U.S. taxation on dispositions of capital property other than U.S. real property.

  • 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.

  • 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.

  • 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.

  • Q&A

    A Chat With Allens Pricing Chief Pier D'Angelo

    Pier D'Angelo

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.

  • CFIUS Pilot Program: Immediate Investment Implications

    Ama Adams

    The Committee on Foreign Investment in the United States has announced a pilot program to review noncontrolling foreign investments in certain U.S. industries that were formerly outside the scope of its jurisdiction. This is a rapid assertion of CFIUS' new powers under the Foreign Investment Risk Review Modernization Act, say attorneys with Ropes & Gray LLP.

  • Opinion

    The ABA Was Dead Wrong About Model Rule 8.4(g)

    Bradley Abramson

    In the two years since the American Bar Association's controversial anti-discrimination and harassment rule, only one state has adopted it, while numerous state supreme courts, state attorneys general and legal groups have correctly rejected Model Rule 8.4(g) as a threat to lawyers' First Amendment rights, says Bradley Abramson, an attorney with Alliance Defending Freedom.