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News & Press: 2020 Member News

TSS Today's Clips Tuesday July 7, 2020

Tuesday, July 7, 2020  
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Below are newspaper articles from around the Commonwealth that you may find of interest. These materials are to inform you of developments that may affect your business and are not to be considered legal advice. If you have any questions please contact Mike Woods.

Midtown and Downtown tunnel operator looks to sell its state contract to highest bidder

The company that manages the Midtown and Downtown tolled tunnels, Elizabeth River Crossings, is looking to sell itself to an interested bidder. Commuters who have long loathed the tolls that have affected Portsmouth in particular, shouldn’t expect change anytime soon…

Dominion takes financial hit as company jettisons pipeline

Welcome to the new version of the old Virginia Electric & Power Co. Dominion Energy’s double-barreled decision on Sunday to abandon the $8 billion Atlantic Coast Pipeline and sell its natural gas transmission and storage operations for almost $10 billion is part of a new company commitment to focus on the old business of running state-regulated electric and natural gas utilities…

Death of Atlantic Coast Pipeline marks ‘end of the fossil fuel era,’ advocates say

The long-contested Atlantic Coast Pipeline is cancelled but debate continues over what this means for the future of Virginia’s energy economy. First announced in 2014, the 600-mile underground pipeline would’ve cut across Virginia, West Virginia and North Carolina…

Warren Buffett's Berkshire Hathaway adds to energy portfolio, buys Dominion Energy gas lines in $9.7B deal

Dominion has sought to expand its pipelines along the Atlantic Coast for years to take advantage of the nation's fracking boom. However, after a number of regulatory hurdles…

Evictions ramp up in Virginia as local courts decline governor’s request to continue moratorium

Courts around Virginia began working their way through a backlog of more than 12,000 eviction cases last week as a statewide moratorium expired, with many judges apparently declining a last-minute request from Gov. Ralph Northam to continue the stay at the local level…

Hourigan eyes redevelopment of Southern States silos in Manchester

A towering but aging feature of Manchester’s riverfront is being eyed for redevelopment….

Former Engility CEO returns to run new firm spun out of SAIC. He's got big plans.

Sincerus Global Solutions Inc. launched Monday as a privately-owned company formed from Engility's international development services portfolio. Terms were not disclosed….

CarMax recommends shareholders reject offer to sell small stake to investment group

TRC Capital wants to buy up to 1.5 million shares of CarMax's common stock, or less than 1% of the chain's outstanding common stock as of May 31, according to CarMax…

As Busch Gardens, Water Country USA remain closed during Phase 3, state Sen. Norment decries Northam's reopening guidelines

In a letter to Northam on Thursday, Norment suggested that the decision is "myopic" and "devastating" because of the economic consequences to tourism in the Historic Triangle…

Virginia Retirement System reports 2% gain

The Virginia Retirement System expects a 2% return on investments in the fiscal year that ended June 30 after weathering a deep loss in the state pension system’s value in March because of the economic chaos caused by the coronavirus pandemic…

16K+ Virginia businesses received PPP funds

The U.S. Small Business Administration has released a list of major recipients of its $659 billion Paycheck Protection Program small business relief program, with exact loan amounts redacted…

Dam removal could be part of plan to restore Tinker Creek

A chemical spill that killed more than 50,000 fish in Tinker Creek could lead to the demise of a popular downstream attraction — the Mason Mill dam….

Washington and Lee faculty vote to change the university's name

Washington and Lee University faculty passed a motion to remove Robert E. Lee from the name of the small liberal arts college in Lexington. The motion — the first time for W&L faculty to make such a recommendation — will be sent to the board of trustees….

10th Circ. Sides With Sierra Club Over Utah Coal Plant Permit

The Tenth Circuit has ruled that the U.S. Environmental Protection Agency cannot ignore its obligation to enforce the Clean Air Act, pointing to its failure to pursue pollution controls on a Berkshire Hathaway-affiliated coal plant in Utah….

FERC Seeks More Time To Digest DC Circ. Pipeline Ruling

The Federal Energy Regulatory Commission asked the D.C. Circuit on Monday to pause a recent order upending the agency's ability to delay requests to reconsider gas project approvals, telling the court it needs time to figure out how to implement the court's June decision andto consider a U.S. Supreme Court appeal…

Cigar Groups Challenge Philly's Flavored Tobacco Ban

A group of cigar manufacturers has filed suit arguing that a recent ban on the sale of most flavored tobacco in the city of Philadelphia, which follows a similar ban that was axed by the Pennsylvania Supreme Court nearly a decade ago, was preempted by state laws regulating tobacco sales…

Va. Lawmakers Eye Pot Legalization Amid Racial Justice Push

Top state lawmakers in Virginia have called for full legalization of marijuana shortly after the state's decriminalization law went into effect, saying a regulated commercial market should be the next step in redressing racial inequality in the criminal justice system….

7 questions about the cancellation of the Atlantic Coast Pipeline

One down, one to go? We’ve had lots of shocking news lately, but it’s hard to find anything more shocking than the news that came out of Richmond on Sunday afternoon…

 

 

Michael W. Woods
Senior Manager - Virginia

Direct: 804.697.2256 | Mobile: 804.339.0260
mike.woods@troutman.com

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