When a business entity that is regulated by the Federal Energy Regulatory Commission (FERC) is closely related to another business entity, FERC takes the position that under some circumstances it may treat the two different legal entities as if they were one single entity.
USA, New York, Corporate Finance/M&A, Energy & Natural Resources, Insolvency & Restructuring, Morgan, Lewis & Bockius LLP, FERC
Decision establishes framework for future rulings that covenants in midstream agreements do not run with the land.
USA, New York, Insolvency & Restructuring, Litigation, Morgan, Lewis & Bockius LLP, Natural gas, Covenant (law)