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Energy
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December 19, 2025
IRS Relaxes Carbon Capture Credit's Environmental Reporting
The Internal Revenue Service released guidance Friday easing the carbon capture tax credit's environmental reporting requirements, taking effect by the end of the year, for energy systems that permanently secure the emissions in geological locations, such as deep underground rock formations.
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December 19, 2025
BigLaw And Boutiques Both Shine In 2025's Top 10 Deals
A tight circle of elite law firms guided the way as megadeals roared back with force in 2025, while a small group of specialist and international firms also made their mark across global transactions spanning infrastructure, gaming, pharmaceuticals, artificial intelligence and energy.
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December 19, 2025
Taxation With Representation: Baker Botts, Morgan Lewis
In this week's Taxation With Representation, Trump Media and Technology Group merges with fusion power company TAE Technologies, pharmaceutical company Cencora boosts its stake in cancer care company OneOncology, and Phoenix Financial partners with private equity giant Blackstone to plug billions into various credit strategies.
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December 19, 2025
Battery Co. Factorial To Go Public Via $1.1B SPAC Deal
Battery technology company Factorial Inc., led by Goodwin Procter LLP, has announced plans to go public by merging with special purpose acquisition company Cartesian Growth Corp. III, advised by Greenberg Traurig LLP, in a deal that values the battery maker at $1.1 billion.
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December 19, 2025
Chancery Keeps Alive Electric Vehicle Co. SPAC Suit
Most counts have gone forward in a Delaware Court of Chancery suit alleging an unfair "blank check" company take-public merger with a since-reorganized electric vehicle company that faced allegedly undisclosed supply chain problems.
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December 19, 2025
Jury Awards DTE, Consumers Co. $394M In Power Plant Row
A Michigan federal jury on Thursday awarded more than $394 million to Consumers Energy Company and DTE Electric Company in a dispute alleging a Toshiba Corp. subsidiary botched upgrades to a hydroelectric power plant.
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December 18, 2025
Energy Transfer Wants Action On $345M Greenpeace Verdict
Energy Transfer begged a North Dakota state judge Thursday to enter final judgment on a $345 million defamation and property damage verdict over the Dakota Access pipeline protests, saying the case is "off the procedural map," and it heard from the judge an acknowledgment that it's taken over his professional life.
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December 18, 2025
FERC Orders PJM To Craft Data Center-Focused Grid Policies
The Federal Energy Regulatory Commission on Thursday took a step to tackle the electricity impacts of data center and artificial intelligence growth, ordering the nation's largest grid operator to create policies for co-locating large electricity users at power plants within its footprint.
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December 18, 2025
AI Energy Co. Stem Inc. Beats SPAC Merger Investor Suit
Artificial intelligence-driven energy storage company Stem Inc. and its brass no longer face investor claims of making misstatements ahead of a $1.35 billion merger with a blank check company after a judge found their latest complaint revisions didn't fix earlier issues.
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December 18, 2025
NY Appeals Court Lets $62M PDVSA Bond Feud Proceed
A New York appeals court on Thursday rejected a bid by Venezuela's state-owned oil company to find that service of a lawsuit over a roughly $62 million defaulted bond was insufficient under the Foreign Sovereign Immunities Act, ruling that the company had waived its right to be served in compliance with the act.
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December 18, 2025
SEC Settles With Accountant Accused Of Penny Stock Fraud
The U.S. Securities and Exchange Commission announced Thursday that a Canadian accountant will pay over $600,000 to end the agency's claims he was part of a scheme that promoted investments involving purported natural resource extractions that he knew were worthless to investors.
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December 18, 2025
7th Circ. Declines To Stay Alcoa Life Insurance Injunction
An injunction ordering aluminum producer Alcoa USA Corp. to reinstate certain retirees' life insurance benefits will remain active while the company appeals the underlying decision, the Seventh Circuit held Thursday, denying Alcoa's motion to stay the injunction.
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December 18, 2025
UC Researchers Near Reinstating $7B In DOE Grants
A California federal judge said Thursday she's inclined to grant a preliminary injunction ordering the Trump administration to reinstate $7 billion in Department of Energy grants awarded to researchers, saying they were canceled with form letters similar to those she's previously found to violate the Administrative Procedure Act.
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December 18, 2025
Ex-Connecticut Utility Regulator Fined Amid Records Brawl
Connecticut's Freedom of Information Commission voted unanimously to fine the former chair of the Public Utilities Regulatory Authority for the state agency's failure to comply with record requests from an Eversource subsidiary that has accused her of using her position illegally.
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December 18, 2025
IRS Guidance Discriminates Against Wind, Solar, Groups Say
Several groups, including the Natural Resources Defense Council and the city of San Francisco, asked a D.C. federal court Thursday to block the Internal Revenue Service from instituting new tax credit rules that they say illegally discriminate against wind and solar projects.
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December 18, 2025
No Enhanced Damages In $57M Coal Emissions IP Case
A Delaware federal judge has denied enhanced damages, but granted pre- and postjudgment interest, to a mercury emissions control company that secured a $57 million patent infringement verdict against several coal-refining companies affiliated with CERT Operations.
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December 18, 2025
Bad River Band Sues Army Corps Over Pipeline Reroute
A Wisconsin tribe is seeking to void a U.S. Army Corps of Engineers permit for the construction of a new 41-mile section of Enbridge Inc.'s Line 5 oil pipeline that will encircle its reservation, alleging that the agency failed to conduct required environmental reviews.
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December 18, 2025
Chemical Co. Seeks Contractor's Coverage For Mercury Suits
The successor to a chemical company told a Louisiana federal court in a lawsuit that it is an additional insured under policies obtained by a contractor working on its chemical facility and is owed coverage for nearly 200 underlying lawsuits claiming mercury exposure from the facility.
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December 18, 2025
Trump Media Combining With TAE In $6B Nuclear Fusion Deal
Trump Media and Technology Group said Thursday it has agreed to merge with TAE Technologies, a privately held fusion power company, in an all-stock deal valued at $6 billion that would create one of the first publicly traded fusion energy companies.
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December 17, 2025
GAO Partly Backs DOD Contract Protest Because Of Redactions
Heavy redactions from the U.S. Defense Logistics Agency in natural gas contract proposals prevented the U.S. Government Accountability Office from assessing whether two bidders deserved their awards, the GAO said Wednesday as it partially sustained an Oklahoma natural gas supplier's protest.
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December 17, 2025
Ex-Goldman Banker Can't Dodge Ghana Bribery Charges
A New York federal judge on Wednesday shot down a former Goldman Sachs banker's bid to escape charges over a purported scheme to bribe Ghanaian officials to greenlight a power plant deal, rejecting defense claims of improper sealing and speedy trial violations.
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December 17, 2025
Senate Sends $900B Defense Bill To Trump's Desk
The U.S. Senate on Wednesday passed a $900.6 billion defense policy and budget bill for 2026, which includes a provision aimed at putting pressure on Defense Secretary Pete Hegseth to release unedited video of boat strikes carried out in international waters near Venezuela.
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December 17, 2025
States, Groups Urge DC Circ. To Preserve EPA Soot Rule
The U.S. Environmental Protection Agency's request that the D.C. Circuit vacate a Biden-era soot rule is legally untenable and should be rejected, Democrat-led states and cities, along with health and environmental groups, told the court.
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December 17, 2025
Justices Asked To Hear $50M Zimbabwe Immunity Feud
Two Mauritian mining companies are urging the U.S. Supreme Court to resolve whether countries that agree to arbitrate an international dispute are also waiving their right to assert sovereign immunity in subsequent litigation to recognize a foreign judgment confirming an arbitral award.
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December 17, 2025
Energy Dept. Orders Wash. Coal Plant To Remain Open
The U.S. Department of Energy has ordered Washington's sole coal-fired power plant to remain open through March 2026, despite a state law that requires utilities to stop using coal-fired electricity by year's end.
Expert Analysis
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Lawsuit, Exec Orders Should Boost Small Modular Reactors
A lawsuit in Texas federal court and a set of new executive orders from the White House may finally push the U.S. Nuclear Regulatory Commission to allow for accelerated deployment of small modular reactors — a technology that could change the country's energy future, says Aleksey Shtivelman at Shutts & Bowen.
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Opinion
4 Former Justices Would Likely Frown On Litigation Funding
As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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Preparing For Trump Pushback Against State Climate Laws
An April executive order from President Donald Trump mandated a report from the U.S. attorney general on countering so-called state overreach in climate policy, and while that report has yet to appear, companies can expect that it will likely call for using litigation, legislation and funding to actively reshape energy policy, say attorneys at Bracewell.
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How Attys Can Use AI To Surface Narratives In E-Discovery
E-discovery has reached a turning point where document review is no longer just about procedural tasks like identifying relevance and redacting privilege — rather, generative artificial intelligence tools now allow attorneys to draw connections, extract meaning and tell a coherent story, says Rose Jones at Hilgers Graben.
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Bills' Defeat Means Brighter Outlook For Texas Renewables
The failure of a trio of bills from the recently concluded Texas legislative session that would have imposed new burdens on wind, solar and battery storage projects bodes well for a state with rapidly growing energy needs, say attorneys at Troutman.
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Series
Playing The Violin Makes Me A Better Lawyer
Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.
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DOJ's 1st M&A Declination Shows Value Of Self-Disclosures
The U.S. Department of Justice's recent decision not to charge private equity firm White Deer Management — the first such declination under an M&A safe harbor policy announced last year — signals that even in high-priority national security matters, the DOJ looks highly upon voluntary self-disclosures, say attorneys at Perkins Coie.
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Series
Law School's Missed Lessons: Practicing Self-Care
Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard at MG+M.
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Forensic Challenges In Lithium-Ion Battery Fire Cases
Lawsuits over lithium-ion battery fires and explosions often center on the core question of whether the battery was defective or combusted due to some other external factor — so both plaintiff and defense attorneys litigating these cases must understand the forensic issues involved, says Drew LaFramboise at Joseph Greenwald.
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Texas' Cactus Ruling Clarifies 'Produced Water' Rules
The Texas Supreme Court's decision in Cactus Water Services v. COG Operating, holding that mineral interest lessees have the rights to water extracted alongside oil and gas, should benefit industry players by clarifying the rules — but it leaves important questions about royalties unresolved, say attorneys at Yetter Coleman.
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ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'
The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.
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Federal Construction Considerations Amid Policy Overhaul
The rapid overhaul of federal procurement, heightened domestic sourcing rules and aggressive immigration enforcement are reshaping U.S. construction, but several pragmatic considerations can help federal contractors engaged in infrastructure and public construction avoid the legal, financial and operational fallout, say attorneys at Cozen O'Connor.
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How Political Divisions Are Stalling Pa. Energy Development
Despite possessing the nation's second-largest natural gas reserves and a legacy of energy infrastructure, Pennsylvania faces a fragmented and politically charged path to developing the energy resources it will need in the future, thanks to legislative gridlock, divided public opinion and competing energy interests, says Andrew Levine at Stradley Ronon.
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How Trump's Trade Policies Are Shaping Foreign Investment
Five months into the Trump administration, investors are beginning to see the concrete effects of the president’s America First Investment Policy as it presents new opportunities for clearing transactions more quickly, while sustaining risk aversion related to Chinese trade and potentially creating different political risks, say attorneys at Covington.
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Justices Rewrite Rules For Challenging Enviro Agency Actions
Three recent U.S. Supreme Court rulings — Nuclear Regulatory Commission v. Texas, Oklahoma v. U.S. Environmental Protection Agency and EPA v. Calumet Shreveport Refining — form a jurisprudential watershed in administrative and environmental law, affirming statutory standing and venue provisions as the backbone of coherent judicial review, say attorneys at GableGotwals.