With expertise handling utility mergers, power project development, and retail energy transactions, the power, utilities, and renewables department at Baker Botts L.L.P. remains a powerhouse in the US energy market. It covers a wide array of energy transactions including capital markets transactions, bankruptcy restructuring, and auctions for power assets, as well as power and utility investments, and financing.  The team’s extensive experience leading on high-profile and high-value transactions continues to attract new and impressive clients to its roster which is comprised of notable names from the banking and finance and energy sectors, alongside governmental entities. Leading the group in Washington DC is Elaine Walsh who specialises in energy company mergers, energy asset acquisitions, and divestitures and investments, while in New York Michael Didriksen heads up the practice and concentrates on M&A and project development relating to alternative and renewable power, transmission lines, and conventional power. Another notable name in the firm is San Francisco-based Dino Barajas who is a go-to for all finance-related matters for infrastructure projects in Latin America. In Washington DC, Carlos Marquez is recognised for his prowess representing private equity companies on both domestic and cross-border project financing, development, M&A transactions, and divestitures.
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Key clients

  • ARDIAN Americas Infrastructure Fund V S.
  • AES Corporation
  • Avenue Capital Group
  • BKV Corporation
  • CenterPoint Energy, Inc.
  • Cleco Power LLC
  • GSF Americas Inc.
  • Gore Street Energy Storage Fund
  • Middle River Power LLC
  • Panamint Capital LLC

Work highlights

  • Advised a subsidiary of BKV Corporation, in partnership with BanpuPower US Corporation, on the purchase of the Temple II power plant, a natural gas-fueled power plant, and the financing of the acquisition.
  • Represented Panamint in connection with the acquisition of 100% of the equity interests in the entity that owns the Twin Oaks coal-fired power plant and related lignite mining operations in Texas.
  • Represented Avenue Capital in its purchase of the 333 MW Rocky Roadand 483 MW Elgin gas-fired power plants in Illinois as part of a restructuring plan.

Lawyers

Hall of fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Michael Didriksen

Leading associates

Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Carlos Marquez

Practice head

Elaine Walsh; Michael Didriksen

Other key lawyers

Dino Barajas; Carlos Marquez