Gregory K. Lawrence

Phone202 862 2483

Peer Rating
 4.4/5.0
BV® Distinguished

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Practice Areas

  • Business Fraud & White Collar Defense
  • Commodities & Futures Regulation
  • Corporate
  • Energy & Commodities
  • Energy & Commodities Investigations
  • Swap Regulation
  • Energy & Commodities Regulation & Compliance
  • Energy & Commodities Transactions
  • Financial Regulation
  • Litigation
  • Renewables
 
Contact InfoTelephone: 202 862 2483
Fax: 202 862 2400
http://www.cadwalader.com/professionals/gregory-lawrence
 
University Trinity College, B.A., 1988
 
Law SchoolNew England School of Law, J.D., 1991
 
Admitted1991, Massachusetts; 1993, District of Columbia; New York; U.S. Court of Appeals, District of Columbia Circuit; U.S. Supreme Court
 
Biography

Gregory K. Lawrence focuses on the electricity and natural gas industries, with extensive experience before the Federal Energy Regulatory Commission (FERC) and multiple state utility commissions regarding regulatory proceedings, compliance and enforcement, transactions and negotiations, asset transfers, and governmental affairs. His clients include financial institutions and funds, marketers, traders, renewable and other project developers, municipal and investor-owned utilities, and large energy consumers.

Recognized as a leading energy and electricity lawyer by Chambers USA, Greg is a frequent speaker at energy industry conferences and a contributor to a wide range of publications, including The Electricity Journal, Electric Light & Power, Energy Risk, Bloomberg Law Reports, Project Finance International, Corporate Counsel, Windpower Engineering, and EnergyLaw 360. He is also the author of a quarterly column in Electric Energy T&D Magazine and of “ Rationalizing Supply with Demand: Electricity Demand Response in U.S. Wholesale Electricity Markets,” a book chapter in US Law and Taxation (Cameron May). He has taught energy seminars at the Massachusetts Institute of Technology Sloan School, Cornell Law School, and Syracuse University. Greg recently presented at The Harvard Kennedy School, Harvard Electricity Policy Group, regarding electricity market manipulation legal issues.

A former counsel with the Massachusetts Department of Public Utilities, he is a member of the Energy Bar Association. Greg is a graduate of Trinity College and the New England School of Law. He is admitted to practice in Massachusetts, New York, the District of Columbia, and before the U.S. Court of Appeals (D.C. Cir.) and the U.S. Supreme Court.

Experience

Government Investigations and Compliance

• Represented an energy trading company and individual traders regarding FERC manipulation investigation of relational trading, physical power schedules and congestion revenue rights in Western markets, resulting in no enforcement action
• Represented a trading company and individuals regarding FERC manipulation investigation of schedules and inaccurate information claims in the CAISO market, resulting in no enforcement action
• Defended energy marketers regarding various FERC enforcement theories involving day-ahead and real-time energy, up-to congestion, virtual, and FTR equivalents transactions, including physical and financial, and fundamental and quantitative trading
• Represented an asset manager/generator regarding CFTC review of generator obligations in ERCOT, resulting in no enforcement action
• Represented financial institution and asset/manager/generator regarding FERC investigation of capacity supply obligation in ISO-NE, resulting in no enforcement action
• Represented an energy trading company and individual traders regarding FERC's manipulation investigation of relational and loss leader trading involving financial products, physical transactions and virtual trading in the eastern interconnect markets including NYISO, ISO-NE, PJM, MISO and Ontario, resulting in a settlement
• Represented a trading company regarding FERC enforcement's investigation of Lake Erie electricity loop flow causation and impact, resulting in no enforcement action
• Represented energy trading companies and individual traders regarding FERC investigation of manipulation and tariff violation allegations in the western markets and, separately, in the eastern markets, resulting in a closed matters and a settlement
• Represented market systems software developer accused of aiding manipulative conduct before California and U.S. legislative committees, the FERC and California PUC, and California attorney general, resulting in no enforcement action
• Assisted multiple clients with initial inquiries from market monitors, and various FERC divisions and offices regarding natural gas and electricity matters throughout the U.S.
• Assisted a demand response provider regarding enforcement and compliance matters
• Assisted wind generator regarding NERC enforcement matter
• Advised on and conducted compliance audit regarding regulated utility and marketing affiliate FERC standards of conduct (e.g. including cross subsidy, functional separation, transmission and interconnection issues) and NERC rule implementation
• Advise energy companies regarding Dodd-Frank Act (DFA) compliance
• Provide several clients with “ root cause” analyses and internal audit services
• Established compliance regimes and evaluation metrics for scores of energy companies, including on-going energy trading and scheduling advisory services
• Revised natural gas marketers sales and energy asset management operations to ensure FERC compliance, including with Order 712
• Advise energy marketer regarding Texas anti-fraud and anti-manipulation rules

Federal and State Regulatory Matters
• Advised energy company regarding capacity supply obligations in ISO-NE
• Advise energy marketers regarding market design and policy issues involving day-ahead and real-time energy, up-to congestion, virtual, and FTR equivalents transactions, including fundamental and quantitative trading
• Advise energy companies regarding DFA swap dealer analysis, on-going business structure, compliance and timelines
• Advise energy companies regarding numerous energy contract DFA issues including swaps and options definitions, embedded optionality, trade options and advisor issues
• Advised generation developer regarding New Jersey and Maryland “ contract for difference” long-term capacity rules, agreements and court challenges
• Represented a utility and its marketing affiliate in FERC pipeline wholesale rate and tariff proceeding resulting in successful settlement
• Represented large department store chain as an energy consumer in retail rate, demand response and energy efficiency proceedings before 10 state utility commissions
•submitted time-sensitive requests for FERC authorization and related waivers to transfer energy assets including contracts and capacity rights on behalf of various banks and funds under the FPA and NGA
• Represented financial institution before FERC regarding ancillary services markets and procurement resulting in a successful settlement
• Represented regulated utility in merger proceeding before the FERC
• Advised multiple trading companies regarding PJM, ISO-NE, CAISO, MISO, IESO and NYISO and retail market design and rules
• Advised wind and geothermal developers regarding interconnection and transmission requirements in MISO, NYISO and other regions
• Reviewed multiple state public utility status rules for rooftop solar developers
• Advised traders and developers regarding state RPS and REC documentation, trading, and tracking rules throughout the United States
• Develop regulatory strategy for cross-border Canadian LNG project
• Counseled clients regarding matters before more than 20 state utility commissions
Transactional and Project Development Matters
• Lead regulatory counsel advising trading entity's $3.5 billion acquisition of a bank's global commodity business
• Lead regulatory counsel on acquisition of natural gas trading business
• Represented energy trading company in the potential acquisition of the book of trades and transactions of another trading entity
• Develop trading, financing and wholesale power supply documentation and regulatory licensing for two retail marketers
• Represented renewable power developer regarding regulatory issues in sale of 100 MW biomass facility located in Texas
• Represented a bank subsidiary regarding regulatory matters in its formation of a strategic alliance with a national solar project developer
• Represented banks regarding standard offer/default/basic generation service procurements (e.g., auctions), supply contracts and credit support in 11 states
• Represented a wind developer regarding regulatory issues associated with a secured financial hedge as part of the financing of wind facilities
• Negotiated multiple PPAs and REC agreements for multiple facilities and buyers utilizing various master and homegrown formats and credit support methods
• Conducted large scale due diligence and advised investor/developer regarding interconnection and transmission rights, including issues of site control and queue position, regarding wind projects in the west/mid-west
• Developed municipal cooperative generation project structures and documentation
• Negotiated generation operation and maintenance, lease, and development agreements for power plant projects
• Analyzed the restructuring and acquisition of debt and equity in 10 distressed generation companies throughout the United States
• Represented large department store chain as an energy consumer regarding solar and wind PPA and REC agreements

News & Resources

NEWS

News Releases
Cadwalader Advises Credit Suisse International in Sale of Commodity Transaction Portfolios Jan 07, 2015

Recent Press
Early Dissents Hint Future FERC Chair Won' t Pull Punches Oct 02, 2014

Recognition
Cadwalader Recognized Among Leading Firms in The Legal 500 US 2014 Jun 27, 2014

RESOURCES

Clients & Friends Memos
What Did April Bring?: FERC Extends Out-of-Market Reliability Measures but Wants Market-Based Solutions Apr 30, 2015

Articles
FERC Issues Order to Show Cause to Maxim Power Apr 01, 2015

Events
Common Trading Practices: Disruptive or Not? May 13, 2015

Newsletters
White Collar Defense and Investigations Advisor
The Dodd-Frank Whistleblower Provisions: Considerations for Effectively Preparing for and Responding to WhistleblowersMay 26, 2011 (Also at Washington, DC Office)

 
ISLN900924475
 

Documents by this lawyer on Martindale.com

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Supreme Court’s Holding in Oneok v. Learjet Could Lead to New Risks for Market Participants
Joseph J. Bial,Daniel J. Howley,Gregory K. Lawrence,Thomas Reid Millar,Natalie Mitchell, May 6, 2015
On April 21, 2015, the Supreme Court decided Oneok v. Learjet,1 holding that “Respondents’ state-law antitrust claims are not within the field of matters pre-empted by the Natural Gas Act”2 even though the claimed violations “affected . . . federally regulated wholesale...

What Did April Bring?: FERC Extends Out-of-Market Reliability Measures but Wants Market-Based Solutions
Gregory K. Lawrence,Thomas Reid Millar,Mary Treanor, May 6, 2015
The Federal Energy Regulatory Commission (“FERC”) recently published two orders that approved capacity and reliability measures for the Independent System Operator New England Inc. (“ISO-NE”) and the New York Independent System Operator (“NYISO”). In contrast to...

Truthful . . . but Not Forthcoming? FERC Staff Takes Aggressive View of Material Omissions as Basis for Intent in Maxim Power
Gregory K. Lawrence,Thomas Reid Millar,Mary Treanor, April 17, 2015
Recent positions taken by FERC’s Enforcement Staff in the Maxim Power show cause proceeding add to the uncertainty regarding what information market participants must volunteer when communicating with the Commission, ISOs/RTOs, market monitors and others. We have recently written about Maxim...



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Office Information

Gregory K. Lawrence


New YorkNY 10281-0006




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