One of Bracewell’s key strengths is the depth of our practice in the power sector. We represent utilities, independent power producers, retail electric businesses, commodity trading houses and investors in a wide range of transactions and regulatory and compliance matters relating to conventional and renewable power sources and transmission. In addition to our large core power team, we have a team focused on addressing the environmental, real estate, finance, regulatory and tax issues specific to generation and transmission assets. Our depth of knowledge and comprehensive coverage of the power space across the country (in all of the various ISOs and RTOs) sets Bracewell apart, enabling us to provide our clients with superior legal advice.
Bracewell has represented a broad array of independent power producers in the United States and has particular experience representing sponsors, lenders and developers in conventional and renewable independent power projects and integrated water and power projects in the Middle East and North Africa (MENA) region. Bracewell’s team has been noted by The Legal 500’s Europe, Middle East & Africa (EMEA) as having “significant knowledge” and being “particularly active in the renewable energy sector.” Our power team has worked with numerous independent power producers on financing, siting and permitting issues for the development of power projects, acquisitions and dispositions of generation units and ongoing compliance and enforcement matters for operating facilities.
Bracewell is among the leading law firms in standardized and structured transactions involving physical and financial power, gas and other commodities. We bring a unique perspective with several lawyers on our team who have had in-house experience working for commodity trading businesses as well as experience with federal energy commodity regulators. Our lawyers are intimately familiar with agreements promulgated by the International Swaps and Derivatives Association and the North American Energy Standards Board and have significant experience with structured commodity transactions, acquisitions and divestitures involving trading portfolios and compliance with related regulations.
According to Chambers USA (2016), Bracewell’s power practice features some of the “premier lawyers in the utility M&A world,” who have represented clients in some of the largest utility transactions in recent years. These include acquisitions and dispositions of utilities and interests in utilities, electric generating facilities and large portfolios of such assets, involving fossil and renewable energy facilities, transmission facilities and similar “utility-type” properties. In addition, Bracewell regularly advises numerous clients about environmental and regulatory issues facing utilities.
Our large power team is a global leader on projects involving the full spectrum of the renewable-energy and clean-technology sector. Our engagements include wind, solar, biomass, geothermal, hydroelectric and pump-storage generating facilities as well as emerging technologies such as battery storage, flywheel storage, carbon capture and electric vehicles. Our deep understanding of the power and renewable product markets across the country (including the operational rules and requirements in each of the ISOs and RTOs) allows us to structure and advise clients on cutting-edge offtake and hedging arrangements for wind and solar projects. We also engage in legislative and administrative advocacy in the renewable energy sector, both at the federal and state level. Our work on behalf of clients in the United States, Middle East, Europe and Africa have been consistently recognized and noted by both domestic and international publications including Euromoney Institutional Investor PLC and S&P Global Platts.