Overview

As leader of Schiff Hardin’s Energy Group, Regina Y. Speed-Bost advises electric utilities, natural gas companies, local distribution companies, and cooperatives on a variety of matters related to energy administrative and regulatory law. Her previous experience working for the Federal Energy Regulatory Commission (FERC) gives her a unique ability to communicate between business owners, regulators and engineers. She understands business objectives and translates that knowledge into results for her clients.

In addition to her fluency in the realms of both regulators and executives, Regina has a thorough understanding of the role the energy sector plays in the health of the overall economy, and she applies that fundamental knowledge to her practice. Investigations and compliance are not just legal issues but whole company issues, and Regina involves other areas of the business to assist in her team approach during these critical times.

Because of her long-term, positive relationship with regulators, Regina applies a firm but cooperative attitude in compliance cases, leading to better overall results for her clients. Her measured outlook has produced successful results and, in some cases, improved regulatory understanding for the entire industry.

Regina works on cases of first impression throughout the energy industry and has represented clients in landmark rate and tariff matters.  On the power side, she focuses on Independent System Operator (ISO) operations for a broad array of ISO market participants, and provides a full menu of services regarding other energy utility-related issues. On the gas side, she focuses on interstate natural gas pipeline tariff, rate and service issues, and provides a full menu of services related to FERC’s jurisdiction over the transportation of natural gas interstate commerce.   

A litigator at her core, she applies her deep knowledge of the energy industry and years of litigation training to cases before state courts, as well as before federal and state regulatory bodies, on behalf of clients in multiple jurisdictions. She is a trained negotiator and uses those negotiation skills, when appropriate, to bring about favorable results for her clients.

Regina is co-coordinating partner of Schiff Hardin’s Washington, D.C. office and chair of the firm’s Diversity Committee. She has also served as co-chair of the Energy Bar Association President’s Ad Hoc Committee on Diversity, and has spearheaded diversity initiatives throughout the energy bar and industry.

  • Experience

    • Regina is currently leading the challenge to address FERC’s treatment of System Support Resources (SSR) within the Midcontinent Independent System Operator (MISO). The outcome of this work will define SSR policy within MISO for decades to come. 
    • She convinced FERC that compliance with a local reliability standard is not the same as compliance with a NERC reliability standard, as a result of an ISO blackout due to engineer error. Her clients could have faced a maximum civil penalty of $1 million per day of noncompliance had the issue not been resolved in their favor.
    • On multiple occasions she has aided in strengthening FERC Enforcement Staff’s understanding of ISO market operations successfully eliminating concerns regarding the potential exercise of market power. By taking the time to educate FERC Enforcement Staff, she has saved clients from incurring civil penalty obligations, saving them the expense of protracted litigation against FERC, all while maintaining working relationships with FERC Staff. 
    • Regina filed a complaint pursuant to Section 5 of the Natural Gas Act alleging that an interstate pipeline company had violated its tariff. She negotiated revised transportation agreements, removal of the tariff provision and a contract extension.
    • During the California energy-crisis, Regina represented a major municipality in administrative litigation at the FERC in an affiliate abuse complaint against a major natural gas pipeline. She successfully convinced FERC that abuse had indeed occurred and negotiated a successful settlement.
    • Regina has worked on negotiating, reviewing and revising a variety of agreements including balancing area authority agreements, metering agreements, power purchase agreements, asset management agreements, tolling agreements, interconnection agreements and pooling agreements.
    • She has successfully prosecuted a variety of Section 203 applications, including mergers that have been approved with limited to no conditions.
    • In addition to Federal-level advice, Regina has also assisted a retail level public service commission in developing rules, policies, rates for standard offer service and net metering.  
  • Credentials

    Education

    • Georgetown University Law Center, J.D., 1990
    • Dartmouth College, A.B., 1987

    Bar Admissions

    • District of Columbia
    • Maryland
    • U.S. Supreme Court
    • U.S. Court of Appeals for the Fourth Circuit
    • U.S. Court of Appeals for the District of Columbia Circuit
    • U.S. District Court for the District of Maryland

        Professional Memberships

        American Association of Blacks in Energy

         

        American Bar Association

        Section of Public Utility, Communications and Transportation Law

         

        District of Columbia Bar Association

        Energy Bar Association

        Board of Directors

         

        Foundation of the Energy Law Journal

                    President (2007-2008)

         

        Maryland State Bar Association

         

        National Bar Association

        Energy, Environmental, and Utilities Law Section

        Administrative Law Section

         

        Women’s Council on Energy and the Environment

         

        Women’s Energy Network

      • Insights

        TITLE
        News Release

        Five Schiff Hardin Lawyers Named to 2016 Washington D.C. Super Lawyers, Rising Stars Lists

        The Super Lawyers selection methodology includes a statewide nomination process, peer review by practice area, and independent research on candidates.

        Event

        Class-Action Review

        Cybersecurity Law Conference

        Location:
        Washington, D.C.
        Trending Legal Issue

        Speeches & Presentations

        • “FERC Enforcement Practices: Practical Steps for Navigating Regulated Compliance Relationships,” EEI Fall Legal Conference, Portland, Ore. (Oct. 31, 2014)
        • “When Do I Have a Dodd-Frank Problem?” (co-author) 20th Annual FERC Briefing, Boston, Mass. (Apr. 4, 2014)
        • “Electric/Gas Coordination: Update,” (co-presenter) 19th Annual FERC Briefing, Chicago, Ill. (Jun. 13, 2013)
        • “Internal Compliance Programs: How to Protect Your Organization,” (co-presenter) 19th Annual FERC Briefing, Westminster, Colo., and Chicago, Ill. (May 22 and Jun. 13, 2013)
        • “FERC’s Incremental Pricing Policy – Are Changes in the Air?” 19th Annual FERC Briefing, Glen Allen, Va. (May 29, 2013)
        • "FERC and the CFTC: Sharing the Worlds of Market Manipulation, Regulation and Compliance," (co-presenter) American Gas Association Legal Forum, Newport, R.I. (Jul. 15, 2013)
        • “Regulatory Issues Affecting Coordination and Cooperation Among Energy Resources - The Interplay of Intermittent Resources, Natural Gas and Electricity,” (presenter) American Gas Association Legal Forum, Santa Fe, New Mexico (Jul. 19, 2011)
      • Citizenship

        Pro Bono Activities

        Regina assists faith-based nonprofit organizations with contract negotiation and review. She also assists a women’s business development network launch new businesses.

      Energy and Environmental Law Adviser

      FERC Approves First Settlement Stemming from the September 2011 Southwest Blackout Inquiry

      Agreement with Arizona Public Service Company Suggests More to Come Background On July 7, 2014, the Federal Energy Regulatory Commission (FERC) issued the first, but likely not the last, Enforcement Order addressing the events of the September 8, 2011 Southwest Regional Blackout.  As described by the Commission in its new release, “[t]he agreement marks the … Continue Reading

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