Energy

  • February 07, 2024

    Chinese Hackers Accessed Infrastructure For Years, US Warns

    United States intelligence agencies and allies confirmed on Wednesday that a Chinese state-sponsored hacker group called Volt Typhoon has infiltrated critical industries, including communications, transportation, energy, and water and wastewater systems, some of which have been compromised for at least five years.

  • February 07, 2024

    Supplier Says 'Eleventh-Hour' Lockheed Claim Doesn't Belong

    A titanium parts supplier has told a Texas federal judge that it's too late for Lockheed Martin Corp. to add a claim to its lawsuit seeking to force the supplier to deliver F-35 parts, saying the defense giant was merely strategizing.

  • February 07, 2024

    Economic Benefits Of New Soot Rule Split EPA, Industry

    The U.S. Environmental Protection Agency is touting its tough new soot emissions standard as good for both public health and the economy, but some industry experts say they're worried about permitting "gridlock" as lower limits could make it difficult for projects like new power plants to proceed.

  • February 07, 2024

    Brazilian Oil Rig Creditors Cleared Of Asset Draining Claims

    A New York bankruptcy judge has dismissed two lawsuits worth $465 Million against U.S. and international banks accused of exploiting a complex sale-leaseback deal that purportedly drained the assets of the Brazilian oil and gas conglomerate Schahin Group, leading to its financial downfall.

  • February 07, 2024

    Xcel, Plaintiffs Spar Over Early Details Of Mass Wildfire Suits

    An attorney for Xcel Energy said Wednesday that a proposed trial plan from the nearly 5,000 plaintiffs seeking to hold the utility liable for a 2021 wildfire is "completely unworkable under Colorado law," teeing up a key dispute over how a state court should handle the unwieldy litigation.

  • February 07, 2024

    6th Circ. Won't Rehear Fight Over FERC's Price-Cap Rule

    The Sixth Circuit on Wednesday declined to rehear its December price cap ruling that power supplier groups said is being misconstrued by the Federal Energy Regulatory Commission to argue that the D.C. Circuit's ability to act on related litigation is limited.

  • February 07, 2024

    NGL Deal Adviser Urges Del. Justices To Uphold $36M Verdict

    An attorney for LCT Capital told Delaware's Supreme Court on Wednesday that a $36 million Delaware jury verdict favoring the institutional broker-adviser in a merger services dispute with NGL Energy Partners should carry "enormous" weight on its second appeal despite client protests.

  • February 07, 2024

    Eletson Creditors Seek Ch. 11 Trustee In Gas Tanker Feud

    Unsecured creditors of bankrupt gas tanker company Eletson Holdings asked a New York court on Wednesday to appoint a Chapter 11 trustee, saying the debtor did not cooperate with the committee and accused the families that control it of transferring assets without creditors' consent while "barely" participating in the case.

  • February 07, 2024

    Aera Energy Valued At $2.1B In California Resources Merger

    California Resources Corp. on Wednesday agreed to buy oil and gas producer company Aera Energy at a $2.1 billion valuation, in a deal the companies say will create California's top oil and gas producer, led by Sullivan & Cromwell LLP and Latham & Watkins LLP, respectively.

  • February 07, 2024

    Fla. Utility Board Ignored Grid Upgrade Costs, Ratepayers Say

    Florida's electricity ratepayers on Wednesday told the state's high court that a public utility board misread a statute requiring it to evaluate companies' plans to strengthen the power grid against severe weather, saying the cost-effectiveness of upgrades wasn't considered before a vote to pass expenses onto customers.

  • February 07, 2024

    5th Circ. Pressed To Rethink Wipeout Of LNG Air Permit

    Developers of a proposed liquefied natural gas terminal on the Texas Gulf Coast told the Fifth Circuit that project opponents are wrongly asserting federal law in opposing requests for the appeals court to reconsider a panel's ruling that scrapped an emissions permit issued by state environmental regulators.

  • February 07, 2024

    Colo. Urges Court To Reject Bid To Nix Delivery, Ride Fees

    A Colorado court should throw out a suit from a conservative group challenging new fees on deliveries and online ride-hailing services, attorneys for the state said, arguing that the transportation funding law that created them does not violate any state statutes.

  • February 07, 2024

    Duke Energy Rates Undercut NC Solar Incentives, Court Told

    Green groups on Wednesday urged the North Carolina Appeals Court to undo the state's revised energy rates for residents with rooftop solar power, saying state regulators glossed over a key step by failing to investigate the costs and benefits of solar before making their final call.

  • February 07, 2024

    4 Private Equity Firms Wrap Funds Totaling $1.45B

    Four private equity funds announced Wednesday that they have held final closings for investment vehicles that in total raised around $1.45 billion, the largest of which was a $900 million debut fund from Latham & Watkins LLP-led Coalesce Capital.

  • February 07, 2024

    Town's Taxes Would 'Punish' Green Tech, Conn. Justices Told

    Groton is the only community in Connecticut that has ever imposed taxes on FuelCell Energy Inc.'s power plants, and adhering to the town's interpretation of two exemption statutes would create an "absurd" result that discourages the manufacture of energy efficient systems in the rest of the state, the company told the Connecticut Supreme Court on Wednesday.

  • February 07, 2024

    Orrick Adds Ex-Greenberg Traurig Energy Pro In Chicago

    A former Greenberg Traurig LLP shareholder has reunited with her mentor after jumping to Orrick Herrington & Sutcliffe LLP's energy and infrastructure team in Chicago.

  • February 07, 2024

    Energy Group Of The Year: Davis Polk

    Davis Polk & Wardwell LLP helped ExxonMobil Corp. pull off the largest deal of 2023 with a $60 billion acquisition of Pioneer Natural Resources Co., earning the firm a place among Law360's Energy Groups of the Year.

  • February 07, 2024

    Hunton Taps Mayer Brown Energy Ace As US Oil & Gas Leader

    Hunton Andrews Kurth LLP announced Wednesday that it has brought on the former leader of Mayer Brown LLP's Houston corporate group to lead the firm's U.S. oil and gas practice.

  • February 07, 2024

    Australian Energy Cos. Woodside, Santos Cancel Merger Talks

    Australian energy companies Woodside and Santos said Wednesday that they had called off talks to merge, ending for now the possibility of forming a $52 billion energy giant by combining the companies.

  • February 07, 2024

    Imerys, Cyprus Mines Get Extension For Ch. 11 Mediation

    A Delaware bankruptcy judge Wednesday gave bankrupt talc supplier Imerys Talc America and its former owner Cyprus Mines another three weeks in mediation to try to resolve what they said were outstanding insurance issues and prepare for a creditor vote on their Chapter 11 plans.

  • February 07, 2024

    EPA Says Stricter Soot Requirement Needed For Air Quality

    The U.S. Environmental Protection Agency on Wednesday tightened federal standards for fine particulate matter pollution, touting the action's health and economic benefits.

  • February 06, 2024

    Exxon Wants Investor Climate Proposal Blocked For Good

    ExxonMobil Corp. wants a Texas federal court to ensure that a climate-focused investment firm and an advocacy group won't bring forward a shareholder proposal on emissions reductions this year, even though the groups withdrew the proposal last week.

  • February 06, 2024

    Disney Settles Job Offer Dispute Linked To Fla. LGBTQ Law

    The Walt Disney Co. told a California federal judge Tuesday that it has settled a lawsuit by a former British Petroleum executive claiming Disney withdrew a job offer after it criticized Florida's so-called Don't Say Gay law.

  • February 06, 2024

    SEC May Seek Default Judgment In $3.4M Stock Scam Suit

    The U.S. Securities and Exchange Commission is urging a federal district court to reject a stay bid by a Native American microcap company, arguing that it intends to ask for a firm date on which it may move for a default judgment in the $3.4 million stock scam suit.

  • February 06, 2024

    Investment Report Shows Cost Of Delaying Climate Action

    Insurers could face billions of dollars in losses if they continue with their current courses of investments that contribute to climate change, according to a new analysis by insurance regulators from California, Oregon and Washington.

Expert Analysis

  • IRA Monetization Energizes Clean Power Tax Credit Market

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    Recent large sales of clean energy production tax credits reflect an environment in which the Inflation Reduction Act's provisions for monetizing such credits via direct transfer — bypassing slow, costly tax equity transactions — offer opportunities for both developers and investors, says Andrew Eastman at Husch Blackwell.

  • Opinion

    Legal Profession Gender Parity Requires Equal Parental Leave

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    To truly foster equity in the legal profession and to promote attorney retention, workplaces need to better support all parents, regardless of gender — starting by offering equal and robust parental leave to both birthing and non-birthing parents, says Ali Spindler at Irwin Fritchie.

  • Business Takeaways From Biden's Global Labor Rights Memo

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    President Joe Biden's recent memorandum on protecting worker rights is one of the most expansive statements the administration has made regarding international labor rights policy, and reflects several points of which businesses should take note, including the government’s interest in working with the private sector on these issues and a notable focus on the transition to clean energy, say Tom Plotkin and Pegah Nabili at Covington.

  • Superfund Site Reopenings Carry Insured Risk, Opportunity

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    The U.S. Environmental Protection Agency's reported plans to reopen certain Superfund sites citing the presence of per- and poly-fluoroalkyl substances raise notable liability concerns, but may also present unique opportunities for policyholders under the Comprehensive Environmental Response, Compensation, and Liability Act, say attorneys at Haynes and Boone.

  • Why NYC Building Owners Shouldn't Ignore Emissions Rule

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    New rules from the New York City Department of Buildings clarify the previously vague good faith efforts that building owners may make to mitigate penalties for not complying with a major carbon emission law that takes effect in January, and should discourage owners from simply paying the fines instead of decarbonizing, says William McCracken at Moritt Hock.

  • New Regs Will Strengthen Voluntary Carbon Offset Market

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    Voluntary carbon offsets are a vital tool for organizations seeking to achieve net-zero greenhouse gas emissions — and recent efforts by the U.S. Commodity Futures Trading Commission, the U.S. Department of Agriculture, the state of California and others are essential to enhancing the reliability and authenticity of carbon credits, says David Smith at Manatt.

  • Series

    Writing Thriller Novels Makes Me A Better Lawyer

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    Authoring several thriller novels has enriched my work by providing a fresh perspective on my privacy practice, expanding my knowledge, and keeping me alert to the next wave of issues in an increasingly complex space — a reminder to all lawyers that extracurricular activities can help sharpen professional instincts, says Reece Hirsch at Morgan Lewis.

  • Unpacking Long-Awaited Clean Energy Tax Credit Guidance

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    Recently proposed Internal Revenue Service regulations provide welcome confirmatory guidance on the application of investment tax credits as reworked by 2022's Inflation Reduction Act, prevailing wage and apprenticeship rules that are largely consistent with market expectations, and broader eligibility criteria that should please the wind power industry in particular, say attorneys at Morgan Lewis.

  • What Lawyers Must Know About Calif. State Bar's AI Guidance

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    Initial recommendations from the State Bar of California regarding use of generative artificial intelligence by lawyers have the potential to become a useful set of guidelines in the industry, covering confidentiality, supervision and training, communications, discrimination and more, say attorneys at Debevoise.

  • Industry Must Elevate Native American Women Attys' Stories

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    The American Bar Association's recent research study into Native American women attorneys' experiences in the legal industry reveals the glacial pace of progress, and should inform efforts to amplify Native voices in the field, says Mary Smith, president of the ABA.

  • Expanding EPA's Universal Waste Rule For Renewable Energy

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    The U.S. Environmental Protection Agency plans to modify and expand the Resource Conservation and Recovery Act's universal waste rule to include lithium batteries and solar panels next year, which could intensify current standards in some cases, but weaken them in others, says Aaron Goldberg at Beveridge & Diamond.

  • Understanding Discovery Obligations In Era Of Generative AI

    Excerpt from Practical Guidance
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    Attorneys and businesses must adapt to the unique discovery challenges presented by generative artificial intelligence, such as chatbot content and prompts, while upholding the principles of fairness, transparency and compliance with legal obligations in federal civil litigation, say attorneys at King & Spalding.

  • Calif. Resource Adequacy Update May Revalue Power Projects

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    The California Public Utilities Commission's recently initiated proceeding to overhaul its resource adequacy framework — part of an effort to maintain the reliability of the state's power system while decarbonizing it — could have significant effects on the valuation of existing and future power generation resources, say Nicholas Gladd and Max Learner at Wilson Sonsini.

  • Forecasting The Impact Of High Court Debit Card Rule Case

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    John Delionado and Aidan Gross at Hunton consider how the U.S. Supreme Court's forthcoming ruling in a retailer's suit challenging a Federal Reserve rule on debit card swipe fees could affect agency regulations both new and old, as well as the businesses that might seek to challenge them.

  • Series

    ESG Around The World: Mexico

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    ESG has yet to become part of the DNA of the Mexican business model, but huge strides are being made in that direction, as more stakeholders demand that companies adopt, at the least, a modicum of sustainability commitments and demonstrate how they will meet them, says Carlos Escoto at Galicia Abogados.

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