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Bracewell LLP

1251 AVENUE OF THE AMERICAS, 49TH FLOOR, NEW YORK, NY 10020-1100, USA
Tel:
Work +1 212 508 6100
Fax:
Fax +1 212 508 6101
Email:
Web:
www.bracewell.com

John Klauberg

Tel:
Work +1.212.938.6400
Email:
Web:
www.bracewell.com/people/john-g-klauberg
Bracewell LLP

Work Department

Energy

Position

John Klauberg provides his clients with advice on the structuring and implementation of transactions in the electric power and gas sector, including: mergers and restructurings of regulated utilities; acquisitions and dispositions of power plants and leases of generating and transmission facilities and similar “utility-type” properties; formation and restructurings of independent power project partnerships, including the negotiation and structuring of power purchase and sale agreements; and large-scale structured wholesale and retail power purchase and sale transactions. He has experience in transactions involving both regulated utilities and unregulated companies in the electric and gas markets, including power trading companies (on both the wholesale and retail level), exempt wholesale generators and qualifying facilities and has been actively engaged in transactions involving the purchase and sale of energy assets and contracts arising out of some of the largest bankruptcies in the energy sector.

Education

LL.M, New York University School of Law, 1984; J.D., Georgetown University Law Center, 1981; B.A., honors, Hamilton College, 1978


United States: Industry focus

Energy: renewable/alternative power

Within: Energy: renewable/alternative power

Bracewell LLP is particularly well known in the renewables space for advising project sponsors and developers including Pattern Energy, Recurrent Energy and First Solar. Jointly headed by New York-based John Klauberg and Houston-based Jessica Adkins, the team regularly advises on project development and finance, asset acquisitions and disposals, environmental permitting and tax equity investment transactions. The team is also active on the lender side, where Adkins and New York-based Ron Erlichman acted for a consortium of lenders including HSBC, National Australian Bank, Rabobank and Siemens Financial Services in the provision of a construction facility for a greenfield wind farm in the Texas, which involved a tax equity structure and a secured energy hedge.

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Energy: transactions: conventional power

Within: Leading lawyers

John Klauberg - Bracewell LLP

Within: Energy: transactions: conventional power

The team at Bracewell LLP is 'excellent' and regularly acts for fuel, transmission, and regulated utilities, in addition to retail and wholesale power companies in commodities and hedging transactions. The 'solutions-oriented' power practice is jointly headed by Houston-based Jessica Adkins and New York-based John Klauberg, who is 'extremely knowledgeable' and provides 'consistently high-quality service'. Klauberg and New York-based Elena Rubinov acted for Great Plains Energy in its stock-for-stock merger with Westar Energy. Other key clients include Hydro One, Entergy Corporation and Southern Power. Also in the New York office, Nicolai Sarad and Fernando Marin joined from Pillsbury Winthrop Shaw Pittman, LLP, and Frederick Lark left for Mayer Brown.

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United States: M&A/corporate and commercial

M&A: large deals ($1bn+)

Within: M&A: large deals ($1bn+)

Bracewell LLP remains a big name in energy sector transactions, particularly midstream and upstream oil and gas deals. It has extensive experience in transactions involving master limited partnerships (MLPs), a business venture structure often used in the oil and gas sector. Notable recent deals include advising Great Plains Energy on its amended merger agreement with Westar Energy for a $15bn stock-for-stock merger of equals. It also advised HPS Investment Partners and Kingfisher Midstream on a merger agreement between Kingfisher, Silver Run Acquisition Corporation II and Alta Mesa Holdings, with the combined company being renamed Alta Mesa Resources. In another headline oil and gas transaction, it represented Kinder Morgan Texas Pipeline in the joint venture and transportation agreements with DCP Midstream for the $1.7bn Gulf Coast Express Pipeline Project. Managing partner Gregory Bopp is a prominent practitioner, particularly in deals involving MLPs. Cleland Dade, Charles Still, William Anderson, Jason Jean, Troy Harder, Gary Orloff,  Alan Rafte and New York-based John Klauberg are also key members of the team. All named partners are based in Houston unless stated otherwise.

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