Pre-Bid Due Diligence

Represented a bidder in connection with the pre-bid due diligence related to a major energy utility acquisition involving Kentucky, Tennessee, and Indiana legal issues. The ultimate value of the deal for the successful bidder was reported to be approximately $9.5 billion. The work involved all aspects of public utility regulation and environmental law, as well as strategizing likely communications with major political stakeholders throughout all levels of state and local government. Notable areas of representation in this matter included issues involving: 

    • Regulatory approvals for change in ownership or control of utilities; 
    • Regulatory approvals for financing applications; 
    • Regulatory approvals for obtaining certificate of public convenience and necessity; 
    • Renewable energy contract review; 
    • PSC and OSHA complaints; 
    • Utility supply and vendor contracts; 
    • Utility tariffs; 
    • Litigation; 
    • Regulatory review of rate-affecting issues; 
    • Fuel Adjustment Clauses; 
    • Pollution Control Bond change in control; 
    • Cost recovery of capital expenditures for pollution control equipment and renewable energy projects; 
    • Environmental surcharges; 
    • Projecting future impact of greenhouse gas regulations; 
    • Title V air permits; 
    • Environmental contamination and compliance issues associated with ongoing operations; 
    • Disposal of coal combustion by-products; 
    • General environmental regulatory compliance; 
    • State and local taxation; 
    • Real estate and operating leases; 
    • Franchises, rights-of-way, permitting, planning and zoning, and eminent domain; 
    • Retail operations review; 
    • Wholesale electric supply agreements; 
    • Gas pipeline regulatory issues; and 
    • Legislative, policy, and strategic planning advice.