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Renewable Energy & Conservation Tax Act of 2008

The Energy Law

By Katie Caswell The House Ways and Means Committee has introduced HR 5351, the Renewable Energy and Energy Conservation Tax Act of 2008, which eliminates the manufacturing tax credit for major oil and gas companies and locks the credit at six percent for other producers and refiners.

Energy 40
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U.S. Supreme Court Declines to Enforce Arbitration Provision Setting Forth Grounds for Judicial Review of Arbitration Award

The Energy Law

2008 WL 762537 (U.S. 2008), the Supreme Court held that the grounds for vacatur and modification of arbitration awards provided by §§ 10 and 11 of the Federal Arbitration Act (“FAA”) are exclusive. The case began as a lease dispute between a landlord, Hall Street Associates, LLC, and tenant, Mattel, Inc., Mattel, Inc.,

E&A 40
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Is the AI Revolution Fueling a Dangerous Monopoly Over US Energy?

Rextag

This deal frenzy contrasts starkly with broader market trends, as overall M&A activity recorded its weakest start since the 2008 financial crisis. The most notable transaction so far has been Constellation Energys $16.4 billion acquisition of Calpine, signaling a significant shift in industry consolidation. This year, TPGs $2.2

Energy 52
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Louisiana Supreme Court Holds Punitive Damages Are Available Under General Maritime Law Against Products Liability Defendant

The Energy Law

While the boat was on plane, the hydraulic steering system manufactured by defendant Teleflex suddenly failed due to fluid loss, causing the boat to turn violently with the motor going into a free spin (known in the industry as a “J-hook” or “kill spin”). 471, 510 (2008). [6] Baker , 554 U.S. Shelter Mutual Ins. 2016-C-1647, p.

Casing 52
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New EPA Air Toxics Rule Afflects Facilities with TEG Dehydrators

The Energy Law

prior to January 3, 2007), initial notification is due by January 3, 2008. prior to January 3, 2007), initial notification is due by January 3, 2008. The owner/operator must submit an initial notification to the delegated state agency and the EPA.

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Proposed Railroad Rules May Impact Crude Oil Producers: Proposed DOT/PHMSA Oil Tank Car Rules

The Energy Law

Notice of Proposed Rulemaking According to Transportation Secretary Anthony Foxx, the “Bakken crude oil is on the high end of volatility compared to other crude oils,…[and] its production is skyrocketing, up from 9,500 rail car loads in 2008 to 415,000 last year, a more than 4,000 percent increase.”