Jessica Adkins serves as co-chair of the firm's power projects practice group. She advises power, renewable and other energy industry clients on a wide range of transactions in the U.S. and Mexico, including complex structured commodity and hedging matters, as well as the development and financing of, and investment in, energy projects and businesses. An engineer by training, Jessica’s practice is characterized by legal advice that is rooted in a technical and commercial understanding of the energy markets and her clients' businesses.
In 2016, ALM's National Law Journal named Jessica to its list of Energy & Environmental Trailblazers for her work structuring energy offtake agreements to enable the financing of new power generation facilities. Among her recent engagements, Jessica advised on a long-term wind hedge arrangement, which garnered multiple awards, including "Deal of the Year" at the 2016 Energy Risk Awards, and was noted by Platts as standing out for the "innovative nature of its contract and finance structure." Her clients - private equity funds, independent power producers, trading and marketing companies, and financial institutions, among others - have noted her creative and business-minded approach to the resolution of complex legal issues.
Jessica is a frequent speaker on power and renewable industry topics. She is also an advocate and supporter of women achieving leadership roles in the energy sector. She serves on the advisory committee for the Houston Chapter of Women of Renewable Industries and Sustainable Energy (WRISE), has been on the planning committee for the Gulf Coast Power Association's (GCPA) Annual Women's Leadership Conference since its inception, and is a member of the Executive Women’s Partnership of the Greater Houston Partnership.
Recent Notable Matters
First Reserve Corporation — long-term hedge to enable the acquisition and financing of the 298 MW Kingfisher Wind Project located in Oklahoma; named "Deal of the Year" at the Energy Risk Awards 2016, "Commodities Deal of Year" at the 2015 Commodity Business Awards, "2015 Financial Deal of the Year" at the Platts Global Energy Awards, and noted by Platts as standing out for the "innovative nature of its contract and financing structure"
EverPower — power purchase agreement with a leading online retailer with respect to a 189 MW wind farm to be constructed by EverPower in Ohio
International power generator — restructuring gas supply arrangements for a 1,100 MW power generation facility located in Mexico
Pattern Energy Group LP and Capital Dynamic, Inc. — long-term project asset secured hedges enabling the project financing of seven different wind farms with an aggregate generation capacity of 1,250 MW
Recurrent Energy, LLC and First Solar, Inc. — negotiation of long-term power purchase agreements with Austin Energy with respect to more than 250 MW of new solar generation being developed in Texas
Riverstone Energy — commodity hedging and energy management arrangements for their respective natural gas and coal-fired power plants located in PJM and ERCOT with an aggregate generation capacity in excess of 5,000 MW
Power generator — restructuring of project asset secured physical tolling arrangements on a 1,900 MW portfolio of natural gas-fired power plants by replacing such arrangements with financially settled heat rate call options
NRG Energy, Inc. — agreement with Unilever, a leading consumer goods company, for NRG to sell 80 percent of the power from NRG's Langford Wind Farm, in order to support Unilever's pledge to move to 100 percent clean power use by 2020
Multiple power and gas marketers — U.S.-Mexico cross-border power and gas supply agreements with the Comisión Federal de Electricidad (CFE) in Mexico and other counterparties
Power marketer — multiple secured arrangements to act as sole supplier of wholesale power to various retail electric companies located across the U.S.
Power marketer — structuring and negotiating a $200 million secured trading facility with a complex collateral arrangement using PJM capacity revenues to support the trading relationship
Multiple financial institutions and energy companies — developing and negotiating both financial and physical commodity trading contracts (including ISDAs, EEIs, and NAESBs)
Skylar Energy LP — acquisition of a 180 MW solar project development in Nevada
NRG Energy, Inc. — start-up and ongoing development, operation and expansion of its nationwide EVgo electric vehicle charging services business, as well as the sell down of a majority stake in such business to a venture capital firm
Private equity firm — acquisition of multiple portfolios of solar project developments with an aggregate generation capacity in excess of 120 MW
International power developer — acquisition of a 50 percent interest in a 200 MW wind generation facility located in the Midwest
Developer — development of an 800 MW natural gas-fired power plant located in Texas
Private fund — $1 billion joint venture with a natural gas service provider to expand a natural gas pipeline
Energy company — divesting its interest in a jointly owned 600 MW Inter-American Development Bank and Ex-Im Bank financed power plant located in Mexico
Power generator — $800 million leveraged lease facility for three power plants
Large power marketer — purchase of a retail energy company
Publications and Speeches
“Trends in Renewable PPA’s with Corporations”, Goldman Sachs Research Conference Call, September 2017.
“Corporate Procurement of Renewable Energy – Deals and Trends,” Texas Renewable Energy Industries Association Conference, November 2016.
“The CFO’s Role in Project Finance and Lien-Based Commodity Hedging,” Private Equity CFO Association Breakfast, November 2016.
“What is Driving Corporate Buyers’ Renewable Decisions,” Infocast Utility Scale Solar Conference, October 2016.
“Trends in Renewable Energy Offtake Agreements,” Gulf Coast Power Association Luncheon, September 2016.
“Corporate Renewable Power Purchase Agreements,” Women of Wind Energy (WoWE) Luncheon, May 2016.
“Trading Documentation,” Energy Bar Association (EBA) Primer on Energy Trading, December 2015.
“Project Revenue Streams - Recent Development in PPAs, Hedge Prices and Direct Sales,” Infocast Wind Power Finance and Investment Summit, February 2015.
“Energy Reform Package to Increase Competition and Private Sector Opportunities in the Mexican Power Sector,” Power Engineering, September 2014.