State of the Energy Markets
This Session will consider how the energy markets continue to evolve in response to regulatory, political and commercial pressures, advancements in technology, and the emergence of new capital sources. Our panelists will lead a thoughtful discussion on how companies can anticipate and evaluate both the risks and opportunities as they unfold, including:
• Issues currently impacting energy trade among the U.S., Canada and Mexico, including the prospects for eliminating transportation bottlenecks from Canada to the U.S., such as Keystone XL and Enbridge Line 3, the future of gas transportation to Mexico in light of delays in cross-border pipelines, potential impacts from the change in administrations in Mexico, and key issues in cross-border oil and gas sales, including re-export of US-origin gas as LNG and documentation.
• An update from Washington, DC on energy regulatory issues, including a look into the issues affecting gas and power markets and transactions, as well as key developments at the Federal Energy Regulatory Commission (FERC).
• An overview of energy capital markets, including an examination of the reduced access to the public capital markets that is leaving issuers feeling challenged and seeking alternative sources of capital and driving the need for creative solutions.
Time: 16:00 - 16:50
David F. Asmus
Sidley Austin LLP
David Asmus is an industry leader in the structuring and implementation of upstream, midstream and downstream oil and gas development projects, acquisitions and divestitures and financings and serves as co-leader of Sidley’s Energy practice.
Dave’s experience ranges from shale and other unconventional resources, to deep water offshore developments, and from liquefied natural gas (LNG) to petrochemicals and refining. His work includes project development and finance (such as government investment agreements, joint venture and shareholder arrangements, unitizations, engineering, procurement and construction contracts, feedstock supply and product offtake arrangements, and project finance documentation), and acquisition and divestitures (including both negotiated and auction sales, exchanges and other non-cash transactions, and production payments and other off-balance sheet funding vehicles).
David C. Buck
Sidley Austin LLP
David Buck has an extensive corporate and securities law practice emphasizing transactional and governance matters. His corporate finance practice includes representing both issuers and investment banks in initial public offerings and other public, private equity and debt offerings. He also advises companies, special committees and financial advisors concerning mergers and acquisitions transactions (both public and private), joint ventures and private equity investments.
In addition, David regularly counsels public clients regarding compliance with periodic reporting, proxy solicitation, corporate governance matters and other requirements of the federal securities laws, the New York Stock Exchange, the NASDAQ Stock Market and other exchange rules. He also has experience advising on corporate and securities matters in connection with multiple restructurings under Chapter 11.
David has particular industry experience with domestic and international energy (including oil and gas exploration & production (E&P), midstream, offshore drilling, seismic and other energy services, and oilfield equipment manufacturing and supply businesses), retail electric and natural gas, power transmission and distribution, maritime transportation, restaurant, aviation and death care companies.
Kenneth W. Irvin
Sidley Austin LLP
Ken Irvin, a co-leader of Sidley’s global Energy practice area team, represents clients on a variety of regulatory, enforcement, compliance and transactional matters involving the U.S. wholesale electricity and natural gas markets. Ken has extensive experience representing clients in regulatory and investigations proceedings before the Federal Energy Regulatory Commission (FERC) and multiple state energy regulatory agencies, which includes handling FERC enforcement matters and self-reports. Ken regularly advises energy traders and marketers on physical and financial wholesale power and gas transactions, mergers and asset acquisition approvals, regional energy market rules and tariff requirements, power purchase and sale agreements, and issues related to the design and operation of wholesale energy and capacity markets.
Ken also advises energy companies, marketers, financial institutions, private equity funds and institutional investors and advisors on regulatory requirements under the Federal Power Act, the Natural Gas Act, the Public Utility Holding Company Act, and the creation and implementation of robust compliance programs.
Ken’s practice spans representing clients on federal and state commodity and energy, electricity, natural gas, oil, alternative energy and emissions matters. In addition to helping clients ensure compliance with FERC and Commodity Futures Trading Commission (CFTC) requirements, Ken provides counsel on hedging and credit risks, contract structures and disputes, arbitrations, bankruptcy, non-performing assets and regulatory issues involving energy and commodities trading.