Our Energy and Infrastructure Finance Practice has significant experience in providing practical, thoughtful, and informed advice on complex transactions in the energy sector. The practice combines transactional experience and industry and regional knowledge with the firm’s resources in mergers and acquisitions, project development, project financing, and related structured financing.

Our clients benefit from our experience in managing and negotiating intricate transactions in electric power, natural gas, LNG, transmission, manufacturing, and renewable energy sources.

Areas of Concentration

• Development
• Permitting
• Regulatory issues
• Mergers & acquisitions

Our Experience

• Power project development (including peaking, base-load and cogeneration facilities)
• Acquisitions and divestitures
• Construction and permanent project financings, including traditional bank financings, 144A financings, sale-leaseback transactions and synthetic leasing arrangements
• Acquisition of pipelines and through-put agreements
• Long- and short-term power purchase and tolling agreements
• Fuel supply agreements, fuel management contracts and power marketing arrangements
• Commodity transmission contracts
• Steam offtake arrangements and water supply contracts

Practice Experience

Mergers and Acquisitions

We represent clients in mergers, consolidations and acquisitions involving novel issues of industry structure, antitrust, labor relations, and related business and regulatory matters. We have represented clients in major public company mergers as well as small single asset acquisitions in numerous niches of the energy industry.

Project Development

We represent electric utilities to regularly negotiate power purchase agreements, contracts for fuel supply, construction, water supply, turbines and equipment, and agreements for environmental insurance, interconnection, tolling, power sales and transmissions for energy projects.

Financing: Equity Investing

Our lawyers have represented numerous companies and institutional investors in acquiring equity and ownership interests in infrastructure projects and project sponsors, through domestic and international joint ventures, development agreements, joint operating agreements, leveraged leases and stock acquisitions.

Financing: Securities Offerings

Our lawyers represent issuers and underwriters of securities offerings in accordance with Rule 144A or that are registered with the SEC for energy and infrastructure projects.

Financing: Project Insurance

Our lawyers have experience with the private insurance market in arranging credit enhancement and other facilities for projects, including “force majeure” and “liquidated damages” insurance. We counsel project sponsors and lenders on obtaining political risk insurance from multilateral and bilateral sources for inconvertibility/transfer risk coverage, expropriation risk, changes in law, and regulatory and political risk.

Taxation

Our tax lawyers regularly handle sophisticated tax planning for clients in the United States and overseas. We represent clients in structuring international joint ventures, domestic and cross-border mergers and acquisitions, international securitizations and multijurisdictional leasing transactions. We work with clients in international financings, as well as in designing various structures to achieve tax and accounting goals.