Harnessing Decades of Experience in Traditional Power
Haynes and Boone’s prowess in the electric power sector comes from decades of experience advising clients around the world. Our firm is on the cutting edge of trends affecting the energy industry, from traditional fossil-fired power generation (coal, gas and oil) to renewable power (wind, solar, geothermal, hydroelectric and biomass).
Types of Clients We Serve
We have advised virtually every type of participant in the power sector, including project developers, electric cooperatives, municipally owned utilities, transmission and distribution utilities, power generators, power marketers, retail electric providers, load-serving entities, qualified scheduling entities, large industrial and commercial customers, project sponsors, lenders, private equity firms and other investors. Our clients are entrenched in all facets of the power sector, including generation, transmission, distribution, marketing, hedging and tolling.
We advise clients on compliance with regulatory issues at the federal and state level involving the Federal Energy Regulatory Commission (FERC), state Public Service Commissions (PSCs), Regional Transmission Organizations (RTOs), Independent System Operators (ISOs), the Commodity Futures Trading Commission (CFTC), North American Electric Reliability Corporation (NERC) and the Environmental Protection Agency (EPA).
Our legal advocacy and regulatory experience have helped clients through multiple restructurings of the electric power markets in the U.S., such as the evolving Electric Reliability Council of Texas (ERCOT) market. We also represent clients in other ISOs, including the Midcontinent Independent System Operator (MISO), PJM Interconnection (PJM) and New York Independent System Operator (NYISO). Our broad knowledge of the energy marketplace both in the U.S. and internationally fuels the creative and efficient solutions our clients have come to expect from us.
We provide legal solutions to clients based on decades of experience from lawyers on our multi-disciplinary team, including corporate / M&A, environmental, intellectual property, international, litigation, private equity, project finance and development, real estate, restructuring and tax. Clients benefit from our tailored approach and strategic advice on the opportunities and challenges that arise in today’s power markets.
The Third Court of Appeals issued a ruling on March 17, 2023 in Luminant Energy Co. LLC v. Public Utility Commission of Texas, No. 03-21-00098-CV, that may require the resettlement of the Electric Reliability Council of Texas, Inc. (“ERCOT”) market for the majority of hours during Winter Storm Uri. A motion for rehearing en banc or petition to the Texas Supreme Court is expected, which will preven [...]