contracts

Negotiating contracts is a process that requires preparation and communication, as all parties work toward a mutually beneficial relationship. It’s particularly true for electric utilities, groups with multiple stakeholders in their projects. That includes the utilities themselves, their shareholders or other investors, and of course their customers.

Securing a reliable supply of electricity requires plenty of research to balance the risks and rewards of striking a deal.

GridBeyond now offers revenue floor and toll contracts for selected power storage projects in the Electric Reliability Council of Texas (ERCOT) and California Independent System Operator (CAISO) markets. Backed by highly rated underwriting partners, these contracts provide project owners with new tools to de-risk their balance sheets or secure financing. Each contract is customizable, allowing […]

I have spent years in law firms and in-house legal departments counseling clients in the energy sector with respect to their contracts and the related process they utilize in papering their deals. What I have learned is that the pitfalls awaiting a company that isn’t effectively papering its deals and/or following a streamlined and clear […]

Engineering, procurement, and construction (EPC) contracts are agreements in which a contractor is given major project responsibilities under a single contract established with an owner or developer. A

General Electric (GE) has filed a lawsuit accusing “willful and malicious misappropriation of GE’s trade secrets” by Siemens Energy, charging that a current Siemens employee “knowingly and surreptitiously” received GE intellectual property, which led to Siemens using the information to improve its own bids for lucrative contracts supplying gas turbines to utilities. GE in the […]

COMMENTARY Are power purchase and similar agreements excluded from the automatic stay under the safe harbor for forward contracts? Both the FirstEnergy Solutions and Pacific Gas & Electric (PG&E) bankruptcies have seen proceedings regarding power purchase and similar agreements (PPAs) that raise this question. Contracts often contain provisions that enable a party to terminate or modify […]

The burgeoning as-a-service model, offering greater user flexibility and attractive economics, is now a viable option for energy storage. As with transportation, office equipment, and other capital-intensive

Many elaborate planning tools are available to help managers prepare for power plant outages. However, there is something to be said for keeping things simple. One modest tool that some NRG Energy facilities

Massachusetts’ lawmakers approved an omnibus energy bill that sets down an energy storage mandate and requires utilities to solicit contracts for 1.6 GW of offshore wind. The bill also outlines clean energy procurement targets, including for 1.2 GW from hydro, onshore wind, and other renewables from within the state, from neighboring states, or from Canada. […]