Tellurian Inc., which operates numerous pure fuel property, mentioned it struck a $1 billion sale-leaseback deal for its 800-acre property for use for its proposed Driftwood liquefied pure fuel terminal facility in Lake Charles, Louisiana.
The corporate mentioned it’s going to promote its pursuits within the property for $1.0 billion and lease it again for 40 years at a capitalization charge of 8.75% and with annual lease escalators of three%, the corporate mentioned in a securities submitting. Tellurian’s Driftwood LNG LLC subsidiary can even should publish a letter of credit score equal to a yr’s lease, amongst different necessities.
Shares of Tellurian rose nearly 6% to $1.25 in premarket buying and selling.
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The corporate the deal is with a New York-based institutional investor that has about $120 billion in property underneath administration.
It’s the final home game of the season for the Arkansas Razorbacks as they host the Louisiana Tech Bulldogs in a pivotal matchup at Donald W. Reynolds Razorback Stadium.
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With kickoff set for 4 p.m. ET on ESPN+, the stakes couldn’t be higher for the Razorbacks, who are eyeing bowl eligibility in their final push of the 2024 season.
How to Watch Arkansas vs Louisiana Tech:
Date: Saturday, November 23, 2024
Time: 4:00 PM ET
Channel/Stream: ESPN+
Stream: ESPN+ (watch now)
For Arkansas, this game is about seizing an opportunity to secure bowl eligibility after falling short in two previous attempts. The Razorbacks enter the matchup at 5-5, fresh off a 20-10 loss to Texas where offensive struggles and costly turnovers proved to be their undoing. With only two games left in the regular season, this matchup is a must-win for Arkansas to punch their ticket to the postseason.
On the other side, Louisiana Tech is playing spoiler while clinging to its slim bowl hopes. The Bulldogs are 4-6 but riding high after a gritty 12-7 victory over Western Kentucky last week, where their defense served the Hilltoppers their first conference loss of the year. This will be a battle on Saturday, make sure to tune in.
WATCH: Arkansas vs. Louisiana Tech on ESPN+
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Louisiana voters will decide whether to make it easier to send younger teenagers to adult prisons in a constitutional proposal next spring.
The Louisiana Legislature approved Senate Bill 2 Friday with a 70-25 vote in the House of Representatives and 28-10 vote in the Senate. The measure will be on the March 29 ballot that will also feature a major rewrite of state financial policy.
It would remove constitutional limits on crimes that can get people under age 17 sentenced as adults. Legislators would then have to enact new laws outlining how courts could send those minors to adult facilities.
Republican Gov. Jeff Landry backed the proposal and sat in the Louisiana House of Representatives as legislators debated and voted for the bill Friday. Still, it barely made it through the legislative process. The proposal only received 70 votes in the House, the exact number it needed to advance to voters.
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Ahead of the narrow victory, Republican leaders appeared anxious to get through the House vote quickly and moved to cut off debate and questioning early. House Speaker Phillip DeVillier, R-Eunice, also told Rep. Denise Marcelle, D-Baton Rouge, she had missed a deadline to amend the legislation and refused to let her bring up her proposed change for debate or a vote.
One of the sponsors of the legislation, Rep. Debbie Villio, R-Kenner, also made a last-minute change to the bill to limit the offenses for which youth could be moved to adult prisons to just felonies, in part to address reservations lawmakers had about moving more young people into adult facilities. Prior to that change, the amendment would have allowed the Legislature to draft new laws to move minors to adult prisons for “any crime.”
Fifteen- and 16-year-olds, and in more restricted circumstances 14-year-olds, already face adult prison sentences for limited crimes without the constitutional amendment. Those offenses include murder, attempted murder, manslaughter, rape, armed robbery, kidnapping, aggravated battery, a second or subsequent burglary of an inhabited dwelling and a second or subsequent violation of some drug crimes.
Youth advocates have said the broadening of that list to new offenses would do lasting harm to young teens caught up in the criminal justice system.
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Teenagers transferred into adult prisons are at much higher risk for sexual abuse from other inmates and don’t receive the same counseling and educational services available in the juvenile system. Adult sentences are also often years or even decades longer than what youth in juvenile facilities serve, advocates said.
Supporters of the constitutional amendment, which include the Louisiana District Attorneys Association and Louisiana Sheriffs’ Association, have said prosecutors need a larger list of crimes in order to hold younger teens accountable.
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Villio and Sen. Heather Cloud, R-Turkey Creek, the sponsors of the legislation, mentioned a few crimes they think should be added to the list. Cloud said she would like to make the law applicable to carjacking, drive-by shootings and human trafficking. Villio said she was interested in adding fentanyl offenses.
Attorneys who represent youth in criminal matters said many of those offenses can be used to transfer teenagers to adult prison under current law.
They also questioned why human trafficking was being brought up as a concern because prosecutors rarely charge adults with that crime. Any teens accused of the offense are also likely being trafficked themselves, advocates said.
In an interview Friday, Villio said her intention is to get more crimes that “involve serious bodily injury” added to the list. Youth in the juvenile justice system who attack security guards and other workers at those facilities should receive harsher punishment, she added. Villio’s proposal comes on the heels of another law that greatly expands the transfer of teens to adult facilities. Earlier this year, Landry and lawmakers passed legislation that treats all 17-year-olds as adults in the criminal justice system. The measure took away discretion from district attorneys to put accused 17-year-olds through the juvenile justice system instead of adult courts.