Electric and Gas Utility Mergers and Acquisitions: Structuring Deals, Navigating Regulatory Scrutiny
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide guidance to counsel on the structuring of deals in the utility industry and the increased regulatory scrutiny that companies are facing. The panel will examine standards of regulatory review and how that standard has evolved as the industry has consolidated. The panel will also examine some of the most important regulatory commitments that have been included in recent transactions.
Outline
- Structuring deals
- Key provisions
- Valuation
- Reverse break-up fees
- Regulatory scrutiny
- Standard of review
- Regulatory commitments
- Regulatory approval
Benefits
The panel will review these and other key issues:
- What steps should counsel take to secure regulatory approval for a utility deal?
- What remedies are available if one of the parties breaches the agreement?
- What are best practices to avoid common pitfalls in structuring a utility merger or acquisition?
Faculty
William S. Lamb
Partner
Baker Botts
Mr. Lamb advises companies on mergers, acquisitions and other strategic transactions. Many of his clients are in the... | Read More
Mr. Lamb advises companies on mergers, acquisitions and other strategic transactions. Many of his clients are in the power and utility industry. Many have involved newly developed structures, regulatory approaches and deal terms. He has represented bidders and targets in both negotiated and unsolicited mergers and acquisitions, including several high-profile contested transactions in the utility industry; he has assisted clients in developing and implementing responses to activist shareholders, shareholder rights plans and other takeover defenses; he also has acted as counsel to issuers and underwriters in major financings.
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Catherine P. McCarthy
Partner
Bracewell
Ms. McCarthy has represented clients on energy regulation and policy matters for more than two decades. Her experience... | Read More
Ms. McCarthy has represented clients on energy regulation and policy matters for more than two decades. Her experience includes obtaining Federal Energy Regulatory Commission (FERC) and state authorizations for major projects and transactions; FERC compliance and enforcement matters; FERC transmission and centralized markets issues; and rate, tariff and refund matters. She also represents energy clients before the Department of Energy, the Federal Communications Commission and the Nuclear Regulatory Commission.
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John E. Rooney
Founding Partner
Rooney Rippie & Ratnaswamy
Mr. Rooney focuses on regulatory counseling, trials, state court proceedings and the development of regulatory and... | Read More
Mr. Rooney focuses on regulatory counseling, trials, state court proceedings and the development of regulatory and legislative strategies. He has served as lead counsel in many regulatory proceedings including the approval of several multi-billion dollar utility acquisitions, investigations of utility operations, gas and telecommunications retail market restructuring, rate design investigations and rulemakings. Prior to entering private practice, he served as Chief Administrative Law Judge at the Illinois Commerce Commission, where he presided over gas, electric, water and telecommunication rate cases, certificate cases, complaints, rulemakings and investigations.
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