Eddy Daniels

Practices

Education and Clerkships

J.D., University of Texas School of Law, 1993, Articles Editor, Texas Law Review

B.S.F.S., School of Foreign Service, Georgetown University, 1990, cum laude

  • Law Clerk to the Honorable Judge Edith H. Jones, U.S. District Court for the Fifth Circuit, 1995
  • Law Clerk to the Honorable Judge Melinda F. Harmon, U.S. District Court for the Southern District of Texas, 1994

Admissions

Texas, 1993

District of Columbia, 1996

Profile

Eddy Daniels is an energy lawyer with significant in-house experience at major energy companies and financial firms. He has deep knowledge about energy asset and commodity transactions, with an emphasis on joint ventures to develop, own and operate power plants and gas pipelines. He also has extensive experience with energy asset acquisition and disposition including power plants, natural gas and fuel oil pipelines, gas storage facilities and real estate.

Prior to joining Haynes and Boone, Eddy was the general counsel and chief compliance officer at Panda Power Funds where he advised a family of private equity funds with more than $6 billion invested in seven gigawatts of power generation projects around the U.S. He advised on fund formation, equity raising, project development, acquisition and disposition, commodity transactions, and regulatory affairs. He also assisted in execution of complex finance transactions such as secured non-recourse project finance, mezzanine equity loans, and fund-level financings and negotiated joint ventures used to acquire the Stonewall and Hummel projects.

Eddy was also previously managing director at JP Morgan Chase & Co., where he served as a general counsel of the Houston office where the firm’s North American power and gas groups and the commodities principal investments group were based. He also previously served as assistant general counsel for mergers and acquisitions and power plant development at NRG Energy, Inc. and as a senior counsel at Reliant Energy, UBS Warburg Energy, and Enron Corp.

Growth

Eddy Daniels

Experienced Power Lawyer Eddy Daniels Joins Haynes and Boone

Edmund “Eddy” Daniels, who has served in a senior leadership capacity at major energy companies and financial firms, has joined Haynes and Boone as a partner in the Energy Practice Group.

Selected Client Representations

  • Advised private equity fund on sale of minority equity stakes in portfolio companies owning power generation assets in PJM.
  • Negotiated innovative financing arrangements with power generation equipment providers to provide credit support and trade collateral in connection with development and construction of power generation projects in PJM.
  • Negotiated acquisition of combined cycle power generation facilities in Pennsylvania and Virginia through joint venture with initial developer, and securing of gas transportation, gas supply, power offtake, EPC agreement, and secured project financing.
  • Negotiated restructuring of long term tolling agreements in the southeast US on behalf of the offtaker and acquisition, extension and restructuring of load serving arrangements.
  • Negotiated long term structured power contracts with municipal utilities and cooperatives in the ERCOT region.
  • Advised JP Morgan Commodity Principal Investments Group on numerous purchases and sales of energy assets in the United States, and related asset management activities.
  • Advised JP Morgan on acquisition of RBS/Sempra’s US trading book with specific focus on the physical power assets and tolling transactions.
  • Negotiated industry leading EPC contract for construction of next generation nuclear power generation facility including significant vendor financing facility.
  • Negotiated EPC contract and joint development agreement for Cedar Bayou 4 combined cycle generation facility in ERCOT.
  • Advised Texas Genco LLC on sale of fuel oil pipeline, gas storage facility, and power plant sites in ERCOT.
  • Negotiated innovative virtual toll agreements for Reliant Energy, Inc. from Texas Genco portfolio.
  • Negotiated numerous commercial and industrial and wholesale power and gas purchase and sale contracts on EEI, ISDA and long form PPAs.
  • Advised Reliant Energy, Inc. on the implementation and build out of its energy trading compliance program.
  • Assisted UBS AG in startup of trading activities in North America, including establishment of enabling agreements with ISOs, trading counterparties and online trading platforms. Created and implemented innovative energy trading compliance function at UBS.
  • Advised Enron Corp. on sale of wholesale trading business to UBS AG.
  • Advised Enron Corp. on development, financing and operation of combined cycle power plant in western Brazil and related gas pipeline project in Bolivia and Brazil with gas supply arrangements in Bolivia and Argentina.
  • Negotiated acquisition and disposition of numerous power plants and energy assets, including the going private transaction for Azurix Corp.

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