Legal support tied to your commercial objectives.
Bring TCL into the transaction, the trading relationship, or the risk decision when experienced market judgment will make a difference.
Make the commercial terms work together.
Master agreements, structured supply, hedging, prepayments, and intermediation.
- ISDA Schedules and Credit Support Annexes, EEI and NAESB agreements, confirmations, and bespoke trading structures.
- Supply, transportation, storage, and offtake arrangements across power, natural gas, LNG, NGLs, crude, refined products, and environmental commodities.
- Credit support, netting, operational obligations, and risk allocation that reflect how transactions are booked and managed.
Connect the contract to the operating reality.
Power supply, tolling, renewable procurement, and ERCOT market interfaces.
- Physical power supply, PPAs, VPPAs, and arrangements for industrial users and large loads, including data centers.
- Tolling and asset management terms covering fuel, dispatch, availability, performance, outages, settlement, and optimization.
- Retail, QSE, and ERCOT responsibilities; documentation that aligns commercial commitments with market participation.
Protect contractual rights and commercial value in bankruptcy.
Bankruptcy representation, safe harbors, claims, collateral, close-out, and trading disputes.
- Representation of creditors and other non-debtor energy and commodities market participants, as well as experience representing market participants in their own bankruptcies.
- Safe-harbor analysis, termination and liquidation, setoff and netting, collateral, and close-out valuation under trading and structured contracts.
- Claims, contract assumption and rejection, cure and administrative-expense issues, preference and fraudulent-transfer exposure, and bankruptcy-related disputes.
- Credit support, adequate assurance, payment defaults, and pre-filing strategy, with coordination among trading, credit, and legal teams.
Explain the trading strategy and support the response.
Market conduct, new-market entry, and FERC, CFTC, ISO/RTO inquiries.
- Response strategies for regulatory and market-monitor requests, supported by trading data and commercially accurate explanations.
- Compliance policies, trading guidelines, escalation procedures, and documentation of new products and markets.
- Internal reviews and training for legal, commercial, risk, and compliance teams.
Understand the energy business behind the acquisition.
REP acquisitions, contract diligence, governance, and risk oversight.
- Acquisitions and customer-book purchases involving retail electric providers, trading businesses, and energy assets.
- Review of wholesale supply, hedging, customer obligations, credit support, and market transition requirements.
- Entity and governance documentation, risk committee support, and board materials.
Bring commercial discipline to new products.
Renewable attributes, carbon products, hydrogen derivatives, and transition structures.
- VPPAs, renewable energy certificates, and other environmental attribute transactions.
- Physical hydrogen-derivative transactions and structures linking commodity flows to transition objectives.
- Verification, delivery, credit, disclosure, and regulatory risks in developing markets.
Direct access. An agreed scope.
Transaction support
Structuring, negotiation, documentation, and closing support for an individual deal or a portfolio.
Ongoing senior counsel
Additional capacity for trading desks, risk groups, and in-house legal teams, with direct access to Paul.
Defined projects
Compliance frameworks, documentation playbooks, governance reviews, and tailored team training.
Bankruptcy and investigations
Representation and focused support for bankruptcy matters, trading disputes, counterparty defaults, and regulatory inquiries.
Fee arrangements can be tailored to the work, including defined project fees, ongoing arrangements, and hourly support. Scope, communication, and fees are agreed at the outset.
Discuss your next decision with Paul.
A transaction, a trading question, or a developing counterparty risk.