Catherine McCarthy has represented clients on energy regulation and policy matters for more than two decades. Cathy currently chairs Bracewell's Energy Regulatory Department. Her experience includes obtaining Federal Energy Regulatory Commission (FERC) and state authorizations for major projects and transactions; FERC compliance and enforcement matters; FERC transmission and centralized markets issues; and rate, tariff and refund matters. She also represents energy clients before the Department of Energy, the Federal Communications Commission and the Nuclear Regulatory Commission.
Cathy has been recognized as one America’s Leading Lawyers for Energy Law by Chambers USA (2010-2019) and Chambers Global (2014-2019); selected as one of The American Lawyer’s 45 Under 45 (2011); and included in The Legal 500 United States, Energy: Regulatory (2011-2013, 2016-2019).
Recent Notable Matters
AP Energy Holdings Inc and South Field Energy LLC — $1.3 billion project financing and equity arrangements for the construction of the South Field Energy project, a 1,182 megawatt combined-cycle natural gas electric generating facility located near Wellsville, Ohio
International energy company — U.S. regulatory approvals for its combination with another energy player, creating the world's largest independent power producer
Purchaser — $450 million acquisition of a waste-to-energy business
Energy company — $7.4 billion sale to a consortium of infrastructure funds
Energy company — $8 billion merger
Publications and Speeches
"FERC Issues Transmission Notices of Inquiry Focused on Return of Equity and Transmission Incentives," National Law Review, March 2019.
"FERC Revises Interlocking Directorate Reporting Requirements," National Law Review, March 2019.
"Federal Energy Regulatory Approvals for Power M&A Transactions," American Bar Association, Infrastructure, August 2018.
"Regulated Industry M&A Transactions: Special Considerations and Recent Developments," Panelist, American Bar Association Webinar January 2018.
"Investing in Energy: Outlook and Opportunities, Power – Supply and Demand for Private Capital, Acquisition & Divestiture Driver and the Regulatory Dynamic," Panelist, Bloomberg BNA (New York, NY) November 2017.
"A Call to Focus on Strengthening Grid Resiliency and Reliability," National Law Review, September 2017.
"FERC Compliance," Panelist, Portland, OR, October 2016.
"FERC Reconsiders Horizontal Market Power in Transactions," Law360, September 2016.
"Changing Mix of U.S. Power Generation Presents Opportunities and Legal Challenges," Panelist, American Bar Association, Webinar, May 2016.
"Energy & Utilities Sector," Roundtable Speaker, Financier Worldwide, December 2015.
"Energy Infrastructure Development Faces Impediments," Natural Gas & Electricity Journal, April 2015.
"Impacts of New FERC ROE Calculation Formulae on Transmission Owners and Projects," Panelist, Infocast’s 18th Annual Transmission Summit, March 2015.
"Utility M&A: Mid-Year Update," Panelist, SNL Energy Webinar, September 2013.
"Rolling Off Long-Term Power Sales Agreements? Plan Ahead to Avoid Regulatory Speed Bumps," Speaker, 21st Annual North American Waste-to-Energy Conference, April, 2013.
"Takeaways from FERC’s Recent Due Diligence Order," Law360, February 2013.
"Energy & Utilities Sector Roundtable," Roundtable Speaker, Financier Worldwide, December 2012.
"FERC Order 1000 gives transmission planning an update," Windpower Engineering & Development, April 2012.
"Transmission Incentives and Order 1000," Speaker, Yale Alumni in Energy Annual Conference, New Haven, CT, March 2012.
"Due Diligence Workshop - SNL EXNET Power & Utilities M&A Symposium," Speaker, New York, January 2012.