Energy projects require a wide variety of legal specialties. Pierce Atwood is one of a handful of law firms that can offer the requisite expertise with the value of a regional law firm rate structure. We regularly represent clients on energy project financings and mergers and acquisitions, including independent and tax structured transactions; drafting and negotiating project or credit documents; resolving regulatory obstacles; or allocating risk among project participants. We leverage our sophisticated practices to solve problems that arise and get projects done efficiently and cost effectively.

Pierce Atwood’s energy infrastructure attorneys work with energy utility companies, renewable energy project developers, lenders, private equity companies, and tax equity investors in developing, financing, and acquiring energy infrastructure projects of all types. Our experience runs the gamut – from negotiating power purchase, engineering, procurement and construction (EPC), site leases, and other commercial agreements; to structuring tax equity and debt financing arrangements; to mergers and acquisitions; and obtaining requisite energy regulatory, siting and permitting approvals.

With the support of our real estate, environmental, tax, and other specialty practices, Pierce Atwood manages and advises our clients on the full array of legal considerations required for a successful energy project. This includes due diligence on all regulatory, environmental, real estate, tax and other issues that affect the risk and credit profiles of energy projects. Our attorneys also assist clients to identify and characterize risk, structure and negotiate deal terms and contractual provisions, set up and manage data rooms, and prepare disclosure schedules.

Please visit our Energy Infrastructure Project Development & Finance page for more information about our experience.

Representative Experience

The $1.5 billion Maine Power Reliability Program was the largest transmission project in Maine's history, with approximately 350 miles of new high voltage transmission line and five new substations. Pierce Atwood was instrumental in helping CMP assess the need for the project through the ISO-New England regional transmission planning process, overseeing the studies to develop the transmission solution for that need, preparing the non-transmission alternative assessment for the project, and obtaining all federal, state, and municipal environmental and land use permits for the project.

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$1.5 Billion CMP Maine Power Reliability Program

We advised a large independent oil and gas exploration and production company that will be an anchor shipper on a new regulated crude oil gathering pipeline in the Delaware Basin of Texas and New Mexico that will move crude oil from the basin to larger trunk pipelines and on to Cushing, Oklahoma and other points.  We assisted in the negotiation of a letter of intent, a transportation service agreement including benefits for anchor shippers that will require approval by the Federal Energy Regulatory Commission’s (“FERC”) in a petition for declaratory order, tariff provisions, storage agreements, and other contracts.  We also advised the client on timing and options for dealing with FERC’s current lack of a quorum, which limits the agency’s ability to issue the requisite declaratory order.  In addition, we reviewed and assisted in the negotiation of downstream transportation agreements.

Anchor Shipper for New Regulated Crude Oil Gathering Pipeline

Firm client Calpine Corporation has acquired Granite Ridge Energy Center, a natural gas-fired, combined cycle plant in Londonderry, NH from Granite Ridge Holdings for $500 million. The plant provides about 2,000 MW of clean, flexible, and reliable energy to the region.

Calpine Acquisition of Granite Ridge Energy Center

Since 2017, Pierce Atwood has represented Avangrid Networks, Inc. and its affiliates CMP and NECEC Transmission LLC on all aspects of the development of the New England Clean Energy Connect (NECEC), a $1 billion, 147-mile high-voltage direct current transmission line that will interconnect the New England transmission system with the Hydro-Quebec (HQ) transmission system at the Canadian border in western Maine. The NECEC will deliver 1,200 MW of hydropower generated by Hydro-Quebec to the New England grid around the clock for at least 40 years. As found by the Maine PUC, this project promises to reduce the cost of electricity in Maine and New England by tens of millions of dollars each year, increase the reliability of the New England electric grid, and reduce greenhouse gas emissions by 3.0-3.6 million metric tons annually (the equivalent of removing 700,000 cars from the road).

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New England Clean Energy Connect