Stephanie Kam

Associate, New York

Biography

Overview

Stephanie Kam is a project development and project finance attorney that specializes in renewable energy and transportation facilities that are at the forefront of energy transition and change the communities we live in. From inception to commercial/financial close, Stephanie's breadth of experience touches upon every aspect of the project life cycle, including engineering, procurement, construction, funding, financing, operations and maintenance. Clients find value in her expertise dealing with lenders, borrowers, developers, and public agencies, having represented a broad spectrum of stakeholders in precedent-setting transactions.

Prior to private practice, Stephanie articled and completed rotations through the business development, legal services, and project finance departments at Export Development Canada, Canada's export credit agency.

Bars and Courts
New York State Bar
California State Bar
England and Wales
Education
JD
Osgoode Hall Law School

of York University

BSc
University of Toronto
Languages
Cantonese
English

Experience

Her energy experience includes:

  • Representation of a client with drafting and negotiations of an equipment and supply agreement, an engineering, procurement, and construction agreement, and a long-term services agreement for its 510MW battery storage project in California.
  • Representation of a client with drafting and negotiations of an engineering, procurement, and construction agreement for its 105MW solar project in California.
  • Representation of a client with drafting and negotiations of a design-build agreement for an integrated solar, storage, generation, and controls system under development at one of the largest airports in the world.
  • Representation of Onward Energy, a portfolio company of J.P. Morgan Asset Management Infrastructure Investments Group, on its acquisition of two gas-fired power generation facilities located in South Carolina and Maryland.
  • Representation of Norddeutsche Landesbank Girozentrale, National Bank of Canada, Coöperatieve Rabobank U.A., and Wells Fargo Bank, N.A. in the US$48 million refinancing of a portfolio of thirteen operating commercial and industrial solar power assets located in North Carolina (aggregating 90.8MW) owned and operated by Cypress Creek Renewables, (CCR), one of the largest developers and operators of utility scale solar assets in the US with a ~1.6GW portfolio of operating solar assets. The financing includes a US$170 million delayed draw facility for additional assets aggregating 198.9MW and a US$55 million incremental facility for additional assets aggregating 47.9MW.
  • ZESCO with its 750MW Kafue Gorge Lower Hydropower Project partly financed by Exim Bank of China and engineered, procured, and constructed by Sino Hydro International Corporation.*
  • Nova Scotia Power Development Limited with its sale of equity interests in a 100MW solar power project in Nigeria to Scatec Solar ASA.*
  • Export Development Canada with its €200 million participation as lead arranger in the overall €2.0 billion project financing with an ultimate 25-bank participation once syndicated down for the design, construction, and operation of the 600MW Gemini offshore wind farm in the Netherlands jointly developed by Northland Power Inc., Typhoon Offshore B.V., Siemens, Van Oord Dredging and Marine Contractors B.V., and HVC N.V. (joint venture of 48 Dutch municipalities and six water regulatory authorieis).*
  • Export Development Canada with its CA$225 million senior secured credit facility to Pinnacle Renewable Energy Inc.*
  • Export Development Canada with its $250 million unsecured non-revolving term loan to Petróleo Brasileiro S.A.*
  • Export Development Canada with its $300 million unsecured non-revolving term loan to Comisión Federal de Electricidad.*

Her transportation experience includes:

  • Representation of the U.S. Department of Transportation in connection with the financing by Louisiana Department of Transportation and Development of a group of road and bridge projects in Louisiana.
  • Santa Clara Valley Transportation Authority with its four design-build contract packages for the approximately $6.9 billion BART Silicon Valley Phase II heavy rail extension project.*
  • Santa Clara Valley Transportation Authority with its public-private partnership with Google LLC to develop a mixed-use transit-oriented development near the new Diridon BART station.*
  • Los Angeles County Metropolitan Transportation Authority with its $63.6 million and $69.8 million pre-development agreements with L.A. SkyRail Express (John Laing, BYD, Skanska, and HDR) and Sepulveda Transit Corridor Partners (Bechtel and Meridiam) to develop a fixed-guideway transit line connecting the San Fernando Valley to the Los Angeles World Airports.*
  • Los Angeles County Metropolitan Transportation Authority with its $28.9 million pre-development agreement with RideCo Inc. to design, supply, finance, and maintain on-demand microtransit service in Los Angeles County.*
  • Metro Gold Line Foothill Extension Construction Authority with its $1,186.9 million design-build contract, including a $381.3 million option if additional funds are secured, with Foothill Transit Constructors (Kiewit and Parsons) for a 11.5-mile light rail extension.*
  • Monterey-Salinas Transit with its $8.45 million loan from the U.S. Department of Transportation's Build America Bureau under the Transportation Infrastructure Finance and Innovation Act (TIFIA) Rural Project Initiative (RPI) to refinance the construction of a brand new operations and maintenance facility.*
  • Virgin Hyperloop One with federal transportation financing and funding.*
  • California High-Speed Rail Authority with its funding from the Federal Rail Administration, California appropriations from Proposition 1A bond proceeds, and the Greenhouse Gas Reduction Fund that include Cap-and-Trade auction proceeds.*
  • First Transit, Inc. with its agreement with Las Vegas Xpress, Inc. to operate and maintain the X Train luxury passenger rail service from Southern California to Las Vegas.*
  • Los Angeles County Transportation Authority with a potential congestion pricing program.*
  • Zoox, Inc. with its reply comments to the California Public Utilities Commission as part of the rulemaking process for the regulation of autonomous vehicle passenger carrier service.*
  • City of Long Beach with its $1.4 billion design-build contract with a joint venture between Shimmick Construction Co., FCC Construcción of Madrid, and Impregilo, and a separate operations and maintenance agreement with the California Department of Transportation for the Gerald Desmond Bridge Replacement Project.*
  • Indiana Department of Transportation with its $316.4 million design-build contract with Superior Construction Co. Inc. to reconstruct the I-65/I-70 interchange in Indianapolis.*
  • Texas Department of Transportation with its approximately $3.0 billion design-build contract to improve and maintain I-69 from SH 288 to I-45S in downtown Houston.*
  • Arizona Department of Transportation with its $143 million design-build contract with Ames Construction to modernize SR 189 between the Mariposa Port of Entry and Grand Avenue.*
  • Arizona Department of Transportation with its public-private partnership agreement for the design, supply, installation, financing, operations, and maintenance of the Phoenix Metropolitan Area Freeway Lighting Project.*
  • Kenya National Highways Authority with its Nairobi Southern Bypass toll road project.*
  • Reli Assets Holding Company Limited with its design-build contract with Yapi Merkezi (Turkey) and Mota-Engil (Portugal) for a standard gauge railway between Dar es Salaam and Morogoro.*
  • Republic of the Philippines Department of Transportation and Communications and the Philippine National Railways with its North-South Railway Project – South Line project, the largest public-rivate partnership project ever tendered by the Government of the Philippines.*

Her other experience includes:

  • Federal Government of Nigeria with its concession of 20 silo complexes to private sector operators for an aggregate N6 billion.*
  • Export Development Canada with its CA$20 million limited recourse senior secured non-revolving term loan facility, in a club deal with Comerica Bank and Farm Credit Canada, to BioAmber Sarnia Inc. for the completion of the world’s largest bio-based succinic acid plant.*
  • Export Development Canada with its $175 million syndicated reserve-based revolving credit facility to Parex Resources Inc.*

*Matters prior to joining White & Case.

Publications

Nancy Smith and Stephanie Kam, Risk Transfer Using Alternative Project Delivery Methods & Contracting, TR News 7-9 (Transportation Research Board July-August 2018)

Stephanie Kam and Daniel Loschacoff, LRT, the P3 Way, Railway Age 26-28 (April 2018)