United States: Construction & Planning

Construction contract negotiation is often treated as a "forms exercise," especially when the parties start from familiar templates (e.g., AIA forms). In practice, though, the biggest problems tend to arise...

On 1 August 2025, Public Utility Commission of Texas (PUCT or the Commission) staff (Commission Staff) opened Project No. 58484, Evaluation of Transmission Cost Recovery, pursuant to Senate Bill 6 (SB 6), which requires the Commission to evaluate whether the existing methodology under Public Utility Regulatory Act (PURA) § 35.004(d) used to charge wholesale transmission costs to distribution service providers (DSPs) continues to appropriately assign costs for transmission investments.

Most buyers and sellers assume that once a contract is signed, inspections are complete, and financing is moving forward, closing is mostly about scheduling.