Texas lawmakers grilled executives from Deloitte, the consulting firm contracted to manage a $5 billion taxpayer-funded program mainly intended to kickstart construction of natural gas power plants, after the organization advanced a potentially fraudulent loan application. Read more from Claire Hao here: https://lnkd.in/gDRji79R
Houston Chronicle’s Post
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In Macquarie Infrastructure Corp. v. Moab Partners, the Court stated “[A] pure omission occurs when a speaker says nothing, in circumstances that do not give any special significance to that silence. Half truths, on the other hand, are “representations that state the truth only so far as it goes, while omitting critical qualifying information.” The Court continued: “[R]ule 10b–5(b) requires disclosure of information necessary to ensure that statements already made are clear and complete. Logically and by its plain text, Rule 10b–5(b) therefore covers half truths, not pure omissions, because it requires identifying affirmative assertions (i.e., “statements made”) before determining if other facts are needed to make those statements “not misleading.” The court did note however, that other provisions in the securities laws can give rise to liability for pure omissions including Securities Act Section 11 which prohibits any registration statement from omitting to state a material fact required to be stated therein. #SecuritiesLawBlog #USSupremeCourt #ALCLAW
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In Macquarie Infrastructure Corp. v. Moab Partners, the Court stated “[A] pure omission occurs when a speaker says nothing, in circumstances that do not give any special significance to that silence. Half truths, on the other hand, are “representations that state the truth only so far as it goes, while omitting critical qualifying information.” The Court continued: “[R]ule 10b–5(b) requires disclosure of information necessary to ensure that statements already made are clear and complete. Logically and by its plain text, Rule 10b–5(b) therefore covers half truths, not pure omissions, because it requires identifying affirmative assertions (i.e., “statements made”) before determining if other facts are needed to make those statements “not misleading.” The court did note however, that other provisions in the securities laws can give rise to liability for pure omissions including Securities Act Section 11 which prohibits any registration statement from omitting to state a material fact required to be stated therein. #SecuritiesLawBlog #USSupremeCourt #ALCLAW
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Clean energy developers and investors will be particularly interested in our interview with Jeffrey Davis and Hayden Baker at White & Case LLP covering emerging deal terms and structures. Check it out at the link below: https://lnkd.in/gskFqQK3
White & Case on Tax Equity Deal Terms | Crux
cruxclimate.com
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“Finance and legal leaders at energy companies have significant and growing litigation budgets due to the numerous disputes arising from the energy transition, price volatility, supply chain issues and global conflict.” Read more key highlights below and download the full survey. https://lnkd.in/eNPjZHja #legalfinance #litigationfunding #BurfordCapital
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Really enjoyed last week's Public Utility Symposium hosted by the University of Missouri's Financial Research Institute (FRI). The symposium gathered a diverse group of industry experts and stakeholders. Our panel discussed "Acquiring Financing with Environmental and Regulatory Uncertainty" with top-notch representatives from Alliant Energy, PA Office of Consumer Advocate (OCA), Wells Fargo, and S&P. I would highly recommend the FRI symposium for anyone looking to dig deeper into the public utility sector. https://lnkd.in/ektj4vzB #risk, #riskmanagement, #insurance, #utilities, #marsh, #energy
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Legal News for Tues 7/2 - Energy Transition Investment Boom, Giuliani to Liquidate Assets, Trump Weaponizes SCOTUS Immunity Decision: Boom in energy transition investments benefiting law firms, Giuliani's move to liquidate assets in bankruptcy, and Trump's efforts to overturn his NY conviction following SCOTUS immunity decision. http://dlvr.it/T94TC8
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Join Charles Cardall, Robyn Helmlinger, Matthew Neuringer and Christopher Elmore, Managing Director at Goldman Sachs, on August 20th for The Bond Buyer’s second annual webinar on EaaS. We'll discuss the most common legal and document structures for these types of EaaS transactions utilized by governmental issuers and nonprofit borrowers of tax-exempt bonds, federal tax compliance for existing and future tax-exempt bonds and the way these transactions are treated under existing bond documents. You can register for the webinar here: https://lnkd.in/ew2dy7TX #EaaS #TaxExemptBonds #MunicipalBonds #Muni
Energy as a service and municipal bonds – What you should know
bondbuyer.com
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Curious about EaaS and its impact on municipal bonds? Register for The Bond Buyer's webinar on August 20th where Orrick experts and Goldman Sachs’ Christopher Elmore will share key insights. #TeamOrrick #EaaS #EnergyTransition
Join Charles Cardall, Robyn Helmlinger, Matthew Neuringer and Christopher Elmore, Managing Director at Goldman Sachs, on August 20th for The Bond Buyer’s second annual webinar on EaaS. We'll discuss the most common legal and document structures for these types of EaaS transactions utilized by governmental issuers and nonprofit borrowers of tax-exempt bonds, federal tax compliance for existing and future tax-exempt bonds and the way these transactions are treated under existing bond documents. You can register for the webinar here: https://lnkd.in/ew2dy7TX #EaaS #TaxExemptBonds #MunicipalBonds #Muni
Energy as a service and municipal bonds – What you should know
bondbuyer.com
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⚖️Our own Trevor Laughlin, Senior Analyst, Policy & Regulatory Affairs, has penned our July Policy Brief, and it’s got all you need to get the latest on industry policy and regulations. In it, Trevor tells us about the Treasury and the IRS’s newest guidelines. He also discusses rulings and updates on positive developments in the Northeast and Mid-Atlantic regions and mixed news from the Midwest and Western states. Get up to speed here: https://lnkd.in/dQEKU6gH #PoweringTheEnergyTransformation #communitysolar #commercialsolar #asset-acquisition
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I'm a huge fan of Bloomberg's Matt Levine and while many of his article's have nothing to do with my professional life, they're always interesting and his no b.s. style of writing is something I love (article below but you can subscribe to his newsletter and get it for free). His latest post is related to #cleanenergy financing and is worth a read for anyone in the space: "Senior Wall Street bankers are warning that a plan by US regulators to rewrite the rules of tax-equity investing will deliver a major blow to a market dominated by JPMorgan Chase & Co. and Bank of America Corp. At issue is the perceived risk of tax-equity investments, which are a form of financing in which banks provide capital to green projects in exchange for tax credits. It’s a market in which JPMorgan and BofA have been estimated to do more than 50% of the roughly $20 billion worth of annual transactions. " #greenenergy #finance #taxequity #renewableenergy https://lnkd.in/eGHF4r_Y
Financial Engineering for Green Energy
bloomberg.com
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