Commercial Law & Contracts, Mergers & Acquisitions, Energy & Utilities Law

City of Philadelphia moves forward with plan to sell its regulated gas division

by Dawn Crowder, Wendell Holland, Mark Kropilak | Saul Ewing LLP on 5/15/2013

The Mayor of Philadelphia recently announced the hiring of two investment bankers to start the solicitation process for selling the city’s gas division. As a unique feature of this transaction, the gas division is regulated...more

Glencore’s Long March to Take Over Xstrata

by Rebecca Campbell, Patrick Ma, John Tivey | White & Case LLP on 4/29/2013

At long last, Glencore has overcome the final regulatory hurdle and secured the approval of China’s Ministry of Commerce (MOFCOM) to acquire the 66 percent of Xstrata that it does not already own. But not before agreeing to...more

REGULATORY - Competition Law/Russia: Russia Gives Go-Ahead to Rosneft’s Acquisition of TNK-BP

by King & Spalding on 2/6/2013

The Russian Federal Antimonopoly Service (“FAS”) has cleared Rosneft’s US$ 55 billion acquisition of TNK-BP, subject to divestments and conduct remedies. The deal will reduce the number of major oil companies in Russia from...more

Duke Acquires 10 MW PV Project in Arizona from SOLON

by Matt Bingham | Lewis and Roca LLP on 1/17/2013

Duke Energy Renewables has acquired the 10 MW Black Mountain Solar Project near Kingman. The Project was developed by Tucson-based SOLON Corp. and is expected to achieve commercial operation in October 2013....more

Canadian Government Approves CNOOC’s Acquisition of Nexen

by Robert Bradford "Brad" Farrar | Morgan Lewis on 12/26/2012

Monumental US$15.1 billion acquisition results in the largest foreign acquisition by a Chinese company to date. On December 7, the Canadian government approved the acquisition of Calgary, Alberta–based petroleum company...more

Transactions: Corporate/London: M&A: The Importance of Bribery and Corruption Due Diligence - A UK Perspective

by King & Spalding on 3/12/2012

With M&A activity in the energy sector still buoyant, particularly in developing economies, the need for effective and risk sensitive diligence into potential bribery and corruption by target entities is becoming more...more

FERC Imposes Conditions on Proposed Duke - Progress Merger

by Poyner Spruill LLP on 10/17/2011

The Federal Energy Regulatory Commission issued an order on September 30, 2011 that conditionally approved the proposed merger of Duke Energy and Progress Energy, but stated that issues regarding competition must be resolved...more

Inside M&A - July/August 2011

by McDermott Will & Emery on 9/1/2011

In This Issue: The Top 5 Traps in Energy M&A Transactions The Top 5 Traps in Distressed M&A Transactions The Top 5 Traps in Energy M&A Transactions by Blake H. Winburne and Matthew R. Archer Energy M&A...more

Energy Newsletter - August 2011

by King & Spalding on 8/1/2011

In This Issue TRANSACTIONAL: Corporate/London - The EU's Third Energy Package: Reforms Kick-In but Member State Implementation Lags Behind A revised regulatory framework for promoting integration of, and...more

Southern California Edison Announces Revisions To Crest Ppa

by Wilson Sonsini Goodrich & Rosati on 6/29/2011

Southern California Edison (SCE) recently announced revisions to the pro forma power purchase agreement (PPA) governing the California Renewable Energy Small Tariff (CREST) acquisition program. CREST is designed to be “a...more

China energy performance contracting update

by William Lu on 8/30/2010

what are the key issues/roadblocks for the implementation of an energy performance contracting project in China? Recent legislations may have addressed these issues....more

FERC Clarifies Requirement for Advance Approval of Public Utility Company Stock Acquisition by Investment Advisers

by Morrison & Foerster LLP on 12/3/2008

In a late November meeting, in response to a request for a disclaimer of jurisdiction by a registered investment adviser, the Federal Energy Regulatory Commission (“FERC”) clarified and confirmed its jurisdiction under the...more