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In most of the business valuation cases that I’ve litigated, it’s not long before one side accuses the other’s valuation expert of mixing apples and oranges. And at the risk of endorsing the overused expression, it’s easy to see why. Inconsistencies in valuation methodologies or applications often are fertile grounds for criticism, and invocation of the apples-to-oranges idiom is an easy hook to argue that almost any inconsistency requires disregarding the expert’s opinion altogether.
That is exactly what happened to the Plaintiff’s valuation expert in
And once again, they listened to witnesses largely deflect blame as they parried questions about their responsibility.
Gas operators and gas regulators, especially, struck back at the narrative that power plant operators had built the day before. Those utility executives had said that frozen gas supplies had led to shutdowns at gas-fired power plants.
Grant Ruckel, vice president for the Dallas-based, politically connected gas pipeline company Energy Transfer Partners its board chairman is a leading donor to Gov. Greg Abbott and Donald Trump and is a University of Texas regent told lawmakers that pipelines are insulated “naturally” as they lie in the ground and never freeze.
Texas lawmakers are conducting two simultaneous hearings examining the power outages that swept the state amid a frigid winter storm, plunging more than 4 million people into darkness and leaving them without heat and in some cases, water for days.
There are two hearings happening at the Texas Capitol on Friday. You can watch live video footage of both hearings here or continue below for live updates through the day and be sure to follow our reporters on Twitter: Asher Price, John Moritz and Madlin Mekelburg.
3:05 p.m. LCRA general manager says lawmaker should examine ERCOT decision making
The general manager of the Lower Colorado River Authority, which generates power sold to more than a million Central Texans, told Texas House lawmakers Friday that they should examine how the state grid operator decided to demand load be shed so quickly in the early hours the morning of Monday, Feb. 15.
Andre G. Bouchard | delaware.gov
WILMINGTON, Del. (Legal Newsline) - A “conflicts committee” that was supposed to be conflict-free but wasn’t tainted did not invalidate the $10 billion merger between two pipeline companies, a Delaware court ruled in a decision dismissing a lawsuit seeking more than $2 billion in damages.
Energy Transfer Partners bought Regency Energy Partners in a share-for-share transaction in 2015, part of a consolidation wave that swept the pipeline industry after tax-law changes and a plunge in oil prices hurt the outlook for many companies. Energy Transfer Partners and Regency were both controlled by Energy Transfer Equity through a complicated partnership structure in which the general partner directed operations at the pipeline units.