Demands for green power and prospective environmental regulations are transforming how utilities and large loads purchase their power and develop their generation resources. Nuclear and gas-fueled plants are replacing coal-fired plants, and commercially sized solar projects are in the early stages of becoming economically viable.
In our transactional work, we have represented utilities, cooperatives, municipalities, lenders and large loads. The breadth of our experience enables us to assess quickly and accurately the alternatives for meeting client needs and the requirements of the marketplace.
Successful transactions for the purchase of power or construction of generation require knowledge and experience in the commercial, financial, regulatory and environmental rules, regulations and practices driving energy markets. We have both regulatory and environmental lawyers who work with our transactional attorneys on power purchase and new resource development projects.
As a team, we participate in the structuring of power purchase transactions and the development of projects for new resources. Working together we are able to negotiate terms and conditions that meet the requirements of the marketplace and are in full compliance with regulatory and environmental laws, rules and practices. Our projects have operated within RTOs and in open markets. We have been leaders in the inclusion of meaningful and accessible credit support terms in power supply and development agreements.