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Latham & Watkins LLP

555 ELEVENTH STREET, NW, SUITE 1000, WASHINGTON DC 20004-1304, USA
Tel:
Work +1 202 637 2200
Fax:
Fax +1 202 637 2201
Web:
www.lw.com

David L. Schwartz

Tel:
Work +1.202.637.2125
Email:
Web:
www.lw.com
Latham & Watkins LLP

Work Department

 

David Schwartz is a partner in the Finance Department of Latham & Watkins' Washington, D.C. office. He serves as global Chair of the Energy Regulatory and Markets Practice, is a member of the Project Finance Group, and is Co-chair of the firm’s Global Energy - Power Industry Group. He has extensive experience representing entities involved in electric generation, transmission and distribution, electric and gas marketing and trading, and gas transportation and distribution

Position

Finance Partner

Career

http://www.lw.com/people/davidlschwartz


United States: Industry focus

Energy regulation: conventional power

Within: Energy regulation: conventional power

Latham & Watkins LLP's DC-based power industry department represented Energy Capital Partners in its $5.6bn acquisition of Calpine. As regulatory lead partner, Natasha Gianvecchio assisted the client in obtaining approvals at both federal level and state level. On the contentious side, a group led by practice head David Schwartz represents Avangrid in two class action cases pertaining to alleged market manipulation. The actions were prompted by a white paper published by the Environmental Defense Fund (EDF) which claimed that the client's abuse of the market increased electricity prices so that ratepayers paid approximately $3.6bn extra over a three-year period. Michael Gergen is the name to note for advice on policy and transmission-related work.

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Energy regulation: oil and gas

Within: Energy regulation: oil and gas

Regulatory work for Latham & Watkins LLP's oil and gas clients is handled by the oil and gas industry group in conjunction with the energy regulatory and markets group, with David Schwartz acting as the key contact for both teams. Chevron Corporation, ExxonMobil Pipeline and Santa Fe Gas are some examples of notable clients of the practice. In an ongoing matter, J. Patrick Nevins serves as counsel to the $9bn Delfin Midstream LNG export project on a range of issues, including obtaining FERC approvals for the onshore components of the project; once completed, this will be the first deep-water port LNG export project in the US. Nevins has both 'deep regulatory knowledge' and 'commercial acumen on par with transaction specialists at other firms'. Elsewhere, Eugene Elrod and others are acting for PTE Pipeline in rate proceedings at both the Regulatory Commission of Alaska and FERC.

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Energy: renewable/alternative power

Within: Energy: renewable/alternative power

Latham & Watkins LLP advises developers, sponsors, financing entities, governments and export credit agencies on financing, M&A, project development and regulatory matters. Jointly headed by David Kurzweil in the New York office and Washington DC-based David Schwartz, the energy and power industry group has experience of projects involving a range of energy sources in the renewables space, including biofuels, biomass, ethanol, geothermal, hydroelectric, solar and wind. Another key contact in New York is Eli Katz, who assisted Sempra Energy with the $1.5bn sale to Consolidated Edison of Sempra Solar Holdings, a US portfolio of solar and wind assets consisting of 981MW of operating renewable electric production projects, and shares in 379MW of jointly owned projects. Also recommended are Matthew Henegar, Jonathan Rod and David Penna, all of whom have particular expertise in project finance and are based in New York.

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Energy: transactions: conventional power

Within: Leading lawyers

David Schwartz - Latham & Watkins LLP

Within: Energy: transactions: conventional power

Latham & Watkins LLP’s global power industry group is jointly headed by New York-based David Kurzweil and Washington DC-based David Schwartz. The team advises developers, sponsors, financing entities, governments and export credit agencies on the full spectrum of issues in the conventional power industry, including commercial transactions, secured lending, corporate finance and project development. In one standout matter, Kurzweil and Los Angeles-based managing partner Jeffrey Greenberg led a multidisciplinary team that acted for Energy Capital Partners, as shareholders, in connection with Vistra Energy’s $1.7bn all-stock acquisition of Dynegy. Other recommended practitioners in the New York office include Paul Kukish and Edward Sonnenschein, who focus on M&A and joint ventures, and Matthew Henegar, who specializes in project finance. Barclays, Citigroup Global Markets and Sempra Energy are also key clients.

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