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Inflation Reduction Act
GAO Report Critical of PHMSA Inspection Priorities
The Government Accountability Office (GAO) issued a report on August 4, 2017, titled “ Pipeline Safety – Additional Actions Could Improve Federal Use of Data on Pipeline Materials and Corrosion .” The 55 page Report, prepared in response to a...
Can Foreign Partners Now Exit Partnerships Tax Free?
In Grecian Magnesite Mining v. Commissioner 1 (“ Grecian Magnesite ”) the Tax Court held that a non-U.S. partner's gain from the redemption of its partnership interest was neither U.S. source income nor income effectively connected with a U.S. trade...
House Moves to End Requirement for Presidential Permits
On July 19, 2017, the U.S. House voted to give lead authority for authorizing cross border oil and gas pipelines to FERC, and to the Secretary of Energy for cross border electric transmission lines. HR 2883, entitled Promoting Cross-Border Energy...
Dallas Court of Appeals Reverses Partnership Verdict: Preliminary Agreements Precluded Partnership
On Tuesday, July 18, 2017, the Dallas Court of Appeals reversed a $535 million judgment against Enterprise Products Partners, L.P. (Enterprise), finding that unfulfilled conditions precedent in Enterprise’s written agreements with Energy Transfer Partners, L.P. (ETP) precluded the formation of...
Deadline Approaching for Input on Regulatory Improvements
The U.S. Department of Transportation (DOT) recently published a notice inviting public comment to identify statutes, rules, regulations, and interpretations in policy statements or guidance that “unjustifiably delay or prevent completion of surface, maritime, and aviation transportation infrastructure projects.” As...
Due Diligence: Critical Component of Pipeline Acquisitions
Oil and gas discoveries in various shale plays around the U.S. over the past decade have led to an increased rise in the number of transfers and acquisitions of pipeline assets, including pipelines serving processing plants, producers, storage facilities, and...
PHMSA to Reassess Underground Natural Gas Storage Rule
On December 19, 2016, PHMSA issued an interim final rule (IFR) to establish for the first time minimum federal safety standards for underground natural gas storage facilities. The rule was issued in response to the 2015 Aliso Canyon storage leak...
DOT Requests Input Regarding Burdensome Regulatory Requirements
As part of his regulatory reform agenda , President Donald Trump instructed federal agencies to review their regulations to identify requirements that burden businesses and industry. See EO 13771 and EO 13777 . In order to comply with these directives...
The Lobby Shop: We'll Always Have Paris?
We will always have Paris: Everyone is talking about POTUS and Paris, but not many people know what they are talking about. He may be recovering from illness and on a train, but that won’t stop Scott Segal (co-head of...
Technical Advisory Committee Meeting Scheduled on Gas Mega Rule
The Gas Pipeline Advisory Committee (GPAC) will meet [Notice of advisory committee meeting ] in Washington, D.C. early next month to convene the second public meeting regarding PHMSA’s proposed gas rules, often referred to as the gas mega rule. The...
The Lobby Shop: President Trump's 100 Days in Office
Host Josh Zive and Scott Segal, head of Bracewell's Policy Resolution Group, reflect on President Trump's first 100 days in office and how the administration is shaping the energy and environmental industries. https://soundcloud.com/thelobbyshop/the-lobby-shop-president-trumps-100-days-in-office The Lobby Shop is also available on...
Clean Air Act Residual Risk And Technology Review -Environmental Law Seminar, Spring 2017
This presentation explains EPA’s responsibility to conduct a Risk and Technology Review (RTR) of nearly 100 standards addressing hazardous air pollutants at various categories of stationary sources. It describes the components of the Risk Review and of the Technology...
Unusual Dynamics Of Upstream Distress - Environmental Law Seminar, Spring 2017
A high-level presentation on financial distress affecting upstream oil and gas companies. The presentation discusses factors that precipitated this distress (such as low commodity prices), the effects of such distress (such as accelerated decommissioning obligations), and highlights key challenges and takeaways of note.
Pipeline Safety Management Systems: Reflections on Implementation of API 1173
The Pipeline Safety Management System (SMS) industry standard API RP 1173 was published in July 2015 and developed by API with input from NTSB, PHMSA, states, and industry representatives, following the 2010 oil pipeline accident in Marshall, Michigan. The standard’s...
Environmental Auditing and Audit Disclosure in a New Era
Tim Wilkins discusses what changes in the country’s regulatory direction and approach to enforcement mean for environmental compliance auditing programs and audit disclosure under EPA and State audit policies.