Economic Crisis Resource Center > Troutman Sanders LLP

Category — Business Developments

Kinder Morgan and El Paso to Merge and Form Largest American Natural Gas Pipeline Network

On October 16, 2011, Kinder Morgan, Inc. (“Kinder Morgan”) and El Paso Corporation (“El Paso”) announced that Kinder Morgan will be buying El Paso for approximately $38 billion (including outstand debt), creating the largest natural gas pipeline and storage company in the country. [Read more →]

October 24, 2011   Comments Off

Petition Filed Alleging “Dumping” of Imports of Crystalline Silicon Solar Cells and Panels

On October 18, 2011, SolarWorld Industries America Inc. (“SolarWorld”) filed a petition with the International Trade Commission (“ITC”) and the Department of Commerce (“Commerce”) alleging that crystalline silicon solar cells and panels imported from China are being sold at an unfair value in the U.S.  This practice is referred to as “dumping.”  The petition also alleges that imports from China are benefitting from unlawful government subsidies. [Read more →]

October 24, 2011   Comments Off

Obama Administration Chooses Seven Electric Transmission Projects for Accelerated Permitting and Construction

On October 5, 2011, the Obama Administration announced that it would “accelerate” permitting and construction of seven proposed electric transmission lines.  These projects will serve as pilot demonstrations of streamlined processes and increased cooperation among federal, state and tribal authorities.  [Read more →]

October 7, 2011   Comments Off

FERC Sees Market Power Problems with Duke/Progress Merger, Parties Propose Mitigation Plan

On September 30, 2011, FERC conditionally approved the proposed merger between Duke Energy Corporation (“Duke”) and Progress Energy, Inc. (“Progress”) (together, “Applicants”).  FERC “conditionally approved” the proposed merger, imposing conditions on the Applicants related to horizontal market power. [Read more →]

October 7, 2011   Comments Off

Solyndra Executives Refuse to Testify Before House

On September 20, 2011, Brian Harrison, and W.G. “Bill” Stover, Jr., asserted through counsel their intention to invoke their Fifth Amendment rights under the United States Constitution at a September 23, 2011 hearing before the House Energy and Commerce Committee, Subcommittee on Oversight and Investigations.  Harrison is currently Chief Executive Officer of Solyndra, Inc. (“Solyndra”) and Stover is Senior Vice President and Chief Financial Officer.  [Read more →]

September 23, 2011   Comments Off