By Christian Spesia The public utility and transactional teams at Spesia & Taylor have participated in asset purchases and commercial real estate closings amounting to more than $45,000,000 in consideration since July 1, 2018. The majority of the total consideration resulted from two purchases of municipal sewer and water systems by a public utility client. Partner Christian Spesia and the public utility team worked with the client on the ... Read More
Spesia & Taylor Helps Client Avoid Massive Rate Hike For Lease Of Public Utility Easement
By: Michael A. Santschi Many companies transporting oil and gas by pipeline find it to be more expedient to rent rights-of-way from public utilities, rather than go through the effort and expense of acquiring their own permanent rights. The contracts governing these leases are generally designed to last for many years, and as a result they often contain mechanisms that allow the lessor to adjust the rate of the lease over time to account for ... Read More
Third District Appellate Court Affirms Directed Verdict In Favor Of Energy Company
Earlier in the year, attorneys from Spesia & Taylor successfully obtained a directed verdict on behalf of an energy company only six months after filing a condemnation suit in Will County. The defendant-landowner filed an appeal, arguing that the trial court erred in ruling on their Traverse and Motion to Dismiss without first conducting an evidentiary hearing, and that the trial court had subsequently made several erroneous evidentiary ... Read More
Attorneys at Spesia & Taylor Complete a Major Utility’s Purchase of the North Maine Water and Wastewater Systems
The Utility Team at Spesia & Taylor recently completed the closing on the North Maine water and wastewater collection and distribution systems, which were purchased by one of the Firm’s Illinois Public Utility clients. The North Maine systems provide service for 44,000 customers in Cook County, Illinois. Partner Chris Spesia took the lead on the transaction and worked closely with the attorneys for the former municipal owner of the North ... Read More
Utility and Condemnation Groups at Spesia & Taylor Work on Major Water Transmission Project
Relying on Spesia & Taylor’ expertise in Utilities and Condemnation law, a major Illinois Public Utility has engaged the Firm to assist in the acquisition of property rights from landowners, and permits from local governments, for the construction of a 20 mile water transmission main from Manteno to University Park, in Kankakee and Will Counties. Recently, condemnation suits were filed in Will and Kankakee Counties against a very small ... Read More
