Power | White & Case LLP International Law Firm, Global Law Practice
Power
Power

Power

We help our clients in the power industry to navigate myriad legal challenges , including fluctuating market conditions, regulatory uncertainty, governmental investigations and continuous advances in conventional, renewable and clean energy technologies.

Global challenges require global resources

Whether it’s raising adequate capital to fund needed investment in power production and transmission, solving the challenges of cross-border investments, meeting environmental and regulatory requirements or addressing disputes and governmental inquiries, our clients require in-depth knowledge and experience of the power industry. We possess a deep understanding of global and regional business practices and government regulations, as well as proven domestic power experience in the Americas, Asia, Europe, Middle East and Africa.

We cover the major areas of law in the regions of the world where our power industry clients currently do business, and the regions in which they are looking to expand.

Powering the power industry

We represent a diverse range of clients, including financial institutions and multilateral lenders, private equity firms, integrated public utilities, conventional and renewable power generators, power marketers, merchant transmission providers, project developers, governments and state owned entities, contractors and service companies and large consumers of power.

No matter how complex or challenging the issue is, our clients turn to us for our industry knowledge, proven track record of results and a wide range of power-related legal services.

Changing Energy Markets and Regulation

Over the last few decades the US power industry has undergone a transition from a regulated industry dominated by integrated monopolies to one based upon vertically disaggregated components and competitors. We have pioneered strategies to protect market participants from the vagaries of an unstable market design and have helped our clients navigate the resulting market failures.  Our Energy Markets and Regulatory Group assists clients with regulatory issues, energy project financings, energy company or asset sales and acquisitions, workout assessments, restructurings or bankruptcies and bet-the-company litigations. We work hard to find goal-orientated solutions to the challenges that our clients face based on our extensive understanding of how energy markets work.

View all lawyers in Power

 

AWARDS

Band 1 for Projects & Energy: Global-wide
Chambers Global 2014

#1 Legal Advisor for Global Energy M&A Transaction, by deal value
Mergermarket 2013 – 2014

Tier 1: National Energy Law
Best Law Firms 2014

Law Firm of the Year: Projects & Energy
Chambers Global 2013

"Excellent, completely seamless co-operation – a great group of lawyers."
Chambers Global 2014 (Projects: Power)

 

RECENT DEAL OF THE YEAR AWARDS

2014 Latin American Power Deal of the Year: Kelar
2014 Middle Eastern Power Deal of the Year: Aramco Cogen
IJ Global

2014 Latin America Power Deal of the Year: Kelar
Project Finance International

2014 Middle Eastern Renewables Deal of the Year: Jordan Renewables Round 1
IJGlobal: Middle East

Best Power Financing: Chaglla Hydroelectric Power Project
Best Renewable Energy Financing: Chaglla Hydroelectric Power Project
Best Infrastructure Financing Andes: Chaglla Hydroelectric Power Project
LatinFinance Infrastructure
Finance Awards 2014

African Power Deal of the Year 2013
Eskom DoE Peaker Power Projects in South Africa
Project Finance

European Power Deal of the Year 2013
Butendiek Offshore Wind Farm near Belgium
Project Finance International

Asia-Pacific Hydroelectric Deal of the Year 2013
Zhaoheng Hydropower in China
Project Finance

US$1 Billion Thermal Solar Power Project in Israël, 2015
European Investment Bank, Overseas Private Investment Corporation, Bank Leumi and Bank Hapoalim in the project financing of the $1 billion Negev Energy thermal solar power project. Located in the Negev desert in Israel, the project will have a capacity of 121MW and is expected to be operational by the first half of 2018.

US$1 Billion Refinancing of Power Project in Singapore, 2015
PacificLight Power Pte. Ltd. on the US$1 billion refinancing of project facilities for the Jurong Island power generation project (PLP project). The 800-megawatt combined-cycle gas turbine (CCGT) power project is Singapore's latest privately-owned and independent power producer (IPP), and the first power plant to be fueled entirely by liquefied natural gas (LNG).

€655 Million Offshore Belgian Wind Farm, 2015
A consortium of senior lenders consisting of the European Investment Bank, BNP Paribas Fortis, Rabobank, SMBC, Mizuho Bank, EKF and GIEK, on the provision to Nobelwind of €460 million in funding for the €655 million construction and operation of a 165 megawatt offshore wind farm located on the Bligh Bank, around 46km off the Belgian coast.

US$550 Million Investment by the Kuwait Investment Authority in GPG, 2015
Wren House Infrastructure on the US$550 million investment by the Kuwait Investment Authority (KIA) in Global Power Generation (GPG), the global electricity generation business of Spanish gas and electricity group Gas Natural Fenosa.

Hydroelectric Dam in Mali, 2015
Eranove on a Public-Private Partnership agreement to develop a 42MW hydroelectric dam in Kenié, Mali, for an estimated total amount of €110 million.

Gas-fired power generating stations in the United States, 2012-2015
The joint lead arrangers in the project financing of seven Panda Power Funds natural gas-fired power generating stations in the United States, including: Panda Hummel; Panda Stonewall ("North American Merchant Deal of the Year" by IJGlobal 2014); Panda Moxie Liberty; Panda Patriot; Panda Temple II; Panda Sherman; and Panda Temple I (together with Panda Sherman, the "North American Merchant Deal of the Year" by Project Finance 2012).

Fortis – US$4.3 billion acquisition of UNS Energy, 2014
We represented Fortis Inc., Canada's largest investor-owned gas and electric distribution utility, in its US$4.3 billion acquisition of UNS Energy Corporation, an energy holding company headquartered in Tucson, Arizona. This transaction follows our representation of Fortis in its US$1.5 billion acquisition of CH Energy Group Inc., marking the company’s initial entry into the US.

Jordanian solar power projects, 2014
We represented International Finance Corporation (IFC) and a group of other lenders on a series of seven solar power projects in Jordan with a total capacity in the region of 100 MW. The seven projects make up the majority of the Round 1 solar power programme in Jordan, which was implemented by the government to encourage the development of renewable energy projects in the country and assist in the diversification of its power generation sources. It is hoped that the success of Round 1 will see Jordan become a leader for renewable energy in the Middle East.

Eggborough Power Station, 2014
We represented Energetický a průmyslový holding (EPH), a leading Central European energy group operating mainly in the Czech Republic, Slovakia and Germany, in connection with the acquisition of the 2GW Eggborough Power Station located in Yorkshire, England, marking the group's entry into the UK market.

Dynegy US$2.8 billion power plant acquisition, 2013
We represented Dynegy Inc. in its US$2.8 billion acquisition of Duke Energy Corp.'s PJM merchant generation and retail businesses, consisting of 11 merchant natural gas and coal-fired power plants, located in Ohio, Illinois and Pennsylvania and comprising 6,089 MW of capacity.

This purchase is part of a series of recent purchases by Dynegy. The company simultaneously purchased another 10 power plants from Energy Capital Partners. These two purchases will nearly double Dynegy’s power-generating capacity and boost Dynegy's overall generating capacity to about 26,000 megawatts. They will also give Dynegy a larger share of the electricity market and will possibly make it the third- or fourth-largest merchant power company in the US, selling electricity at market prices, not regulated rates.

Occidental Petroleum, 2013
We represented Occidental Petroleum in a case of first impression in which we successfully challenged state protocols and US federal laws to secure the right to sell surplus electricity to the US power grid in California. Careful navigation of the regulatory path led to a solution that avoided pitting state and federal authorities against each other, and ultimately allowed the company to refocus its strategy to increase oil and gas production at its Elk Hills Oil Field while improving efficiency and lowering operating costs. Our work on this matter earned a "Standout" ranking – the highest ranking possible – by the Financial Times in its FT North America Innovative Lawyers 2014 report and Dan Hagan, the Firm’s lead lawyer on the matter, was "Commended" for his work.

Power
About

We help our clients in the power industry to navigate myriad legal challenges , including fluctuating market conditions, regulatory uncertainty, governmental investigations and continuous advances in conventional, renewable and clean energy technologies.

Global challenges require global resources

Whether it’s raising adequate capital to fund needed investment in power production and transmission, solving the challenges of cross-border investments, meeting environmental and regulatory requirements or addressing disputes and governmental inquiries, our clients require in-depth knowledge and experience of the power industry. We possess a deep understanding of global and regional business practices and government regulations, as well as proven domestic power experience in the Americas, Asia, Europe, Middle East and Africa.

We cover the major areas of law in the regions of the world where our power industry clients currently do business, and the regions in which they are looking to expand.

Powering the power industry

We represent a diverse range of clients, including financial institutions and multilateral lenders, private equity firms, integrated public utilities, conventional and renewable power generators, power marketers, merchant transmission providers, project developers, governments and state owned entities, contractors and service companies and large consumers of power.

No matter how complex or challenging the issue is, our clients turn to us for our industry knowledge, proven track record of results and a wide range of power-related legal services.

Changing Energy Markets and Regulation

Over the last few decades the US power industry has undergone a transition from a regulated industry dominated by integrated monopolies to one based upon vertically disaggregated components and competitors. We have pioneered strategies to protect market participants from the vagaries of an unstable market design and have helped our clients navigate the resulting market failures.  Our Energy Markets and Regulatory Group assists clients with regulatory issues, energy project financings, energy company or asset sales and acquisitions, workout assessments, restructurings or bankruptcies and bet-the-company litigations. We work hard to find goal-orientated solutions to the challenges that our clients face based on our extensive understanding of how energy markets work.

View all lawyers in Power

 

AWARDS

Band 1 for Projects & Energy: Global-wide
Chambers Global 2014

#1 Legal Advisor for Global Energy M&A Transaction, by deal value
Mergermarket 2013 – 2014

Tier 1: National Energy Law
Best Law Firms 2014

Law Firm of the Year: Projects & Energy
Chambers Global 2013

"Excellent, completely seamless co-operation – a great group of lawyers."
Chambers Global 2014 (Projects: Power)

 

RECENT DEAL OF THE YEAR AWARDS

2014 Latin American Power Deal of the Year: Kelar
2014 Middle Eastern Power Deal of the Year: Aramco Cogen
IJ Global

2014 Latin America Power Deal of the Year: Kelar
Project Finance International

2014 Middle Eastern Renewables Deal of the Year: Jordan Renewables Round 1
IJGlobal: Middle East

Best Power Financing: Chaglla Hydroelectric Power Project
Best Renewable Energy Financing: Chaglla Hydroelectric Power Project
Best Infrastructure Financing Andes: Chaglla Hydroelectric Power Project
LatinFinance Infrastructure
Finance Awards 2014

African Power Deal of the Year 2013
Eskom DoE Peaker Power Projects in South Africa
Project Finance

European Power Deal of the Year 2013
Butendiek Offshore Wind Farm near Belgium
Project Finance International

Asia-Pacific Hydroelectric Deal of the Year 2013
Zhaoheng Hydropower in China
Project Finance

Experience

US$1 Billion Thermal Solar Power Project in Israël, 2015
European Investment Bank, Overseas Private Investment Corporation, Bank Leumi and Bank Hapoalim in the project financing of the $1 billion Negev Energy thermal solar power project. Located in the Negev desert in Israel, the project will have a capacity of 121MW and is expected to be operational by the first half of 2018.

US$1 Billion Refinancing of Power Project in Singapore, 2015
PacificLight Power Pte. Ltd. on the US$1 billion refinancing of project facilities for the Jurong Island power generation project (PLP project). The 800-megawatt combined-cycle gas turbine (CCGT) power project is Singapore's latest privately-owned and independent power producer (IPP), and the first power plant to be fueled entirely by liquefied natural gas (LNG).

€655 Million Offshore Belgian Wind Farm, 2015
A consortium of senior lenders consisting of the European Investment Bank, BNP Paribas Fortis, Rabobank, SMBC, Mizuho Bank, EKF and GIEK, on the provision to Nobelwind of €460 million in funding for the €655 million construction and operation of a 165 megawatt offshore wind farm located on the Bligh Bank, around 46km off the Belgian coast.

US$550 Million Investment by the Kuwait Investment Authority in GPG, 2015
Wren House Infrastructure on the US$550 million investment by the Kuwait Investment Authority (KIA) in Global Power Generation (GPG), the global electricity generation business of Spanish gas and electricity group Gas Natural Fenosa.

Hydroelectric Dam in Mali, 2015
Eranove on a Public-Private Partnership agreement to develop a 42MW hydroelectric dam in Kenié, Mali, for an estimated total amount of €110 million.

Gas-fired power generating stations in the United States, 2012-2015
The joint lead arrangers in the project financing of seven Panda Power Funds natural gas-fired power generating stations in the United States, including: Panda Hummel; Panda Stonewall ("North American Merchant Deal of the Year" by IJGlobal 2014); Panda Moxie Liberty; Panda Patriot; Panda Temple II; Panda Sherman; and Panda Temple I (together with Panda Sherman, the "North American Merchant Deal of the Year" by Project Finance 2012).

Fortis – US$4.3 billion acquisition of UNS Energy, 2014
We represented Fortis Inc., Canada's largest investor-owned gas and electric distribution utility, in its US$4.3 billion acquisition of UNS Energy Corporation, an energy holding company headquartered in Tucson, Arizona. This transaction follows our representation of Fortis in its US$1.5 billion acquisition of CH Energy Group Inc., marking the company’s initial entry into the US.

Jordanian solar power projects, 2014
We represented International Finance Corporation (IFC) and a group of other lenders on a series of seven solar power projects in Jordan with a total capacity in the region of 100 MW. The seven projects make up the majority of the Round 1 solar power programme in Jordan, which was implemented by the government to encourage the development of renewable energy projects in the country and assist in the diversification of its power generation sources. It is hoped that the success of Round 1 will see Jordan become a leader for renewable energy in the Middle East.

Eggborough Power Station, 2014
We represented Energetický a průmyslový holding (EPH), a leading Central European energy group operating mainly in the Czech Republic, Slovakia and Germany, in connection with the acquisition of the 2GW Eggborough Power Station located in Yorkshire, England, marking the group's entry into the UK market.

Dynegy US$2.8 billion power plant acquisition, 2013
We represented Dynegy Inc. in its US$2.8 billion acquisition of Duke Energy Corp.'s PJM merchant generation and retail businesses, consisting of 11 merchant natural gas and coal-fired power plants, located in Ohio, Illinois and Pennsylvania and comprising 6,089 MW of capacity.

This purchase is part of a series of recent purchases by Dynegy. The company simultaneously purchased another 10 power plants from Energy Capital Partners. These two purchases will nearly double Dynegy’s power-generating capacity and boost Dynegy's overall generating capacity to about 26,000 megawatts. They will also give Dynegy a larger share of the electricity market and will possibly make it the third- or fourth-largest merchant power company in the US, selling electricity at market prices, not regulated rates.

Occidental Petroleum, 2013
We represented Occidental Petroleum in a case of first impression in which we successfully challenged state protocols and US federal laws to secure the right to sell surplus electricity to the US power grid in California. Careful navigation of the regulatory path led to a solution that avoided pitting state and federal authorities against each other, and ultimately allowed the company to refocus its strategy to increase oil and gas production at its Elk Hills Oil Field while improving efficiency and lowering operating costs. Our work on this matter earned a "Standout" ranking – the highest ranking possible – by the Financial Times in its FT North America Innovative Lawyers 2014 report and Dan Hagan, the Firm’s lead lawyer on the matter, was "Commended" for his work.