Kevin C. Fitzgerald is Executive Partner for Client Development Strategic Planning and a member of the firm's executive committee. Kevin counsels energy companies, investors and developers in the electric, natural gas and renewable energy markets. In 1995, Kevin came from a Wall Street firm and was placed at the head of the predominantly regulatory energy group at Troutman Sanders. Beginning with the sale of a nuclear plant and one of the energy industry's largest mergers, Kevin built and propelled Troutman Sanders energy group into a nationally recognized full-service utility and energy practice. This practice encompasses over 175 professionals, advises Global 500 companies and nascent renewable energy developers, as well as financial institutions and venture capitalists, spanning three continents. Kevin provides counsel to clients regarding corporate and regulatory scenarios associated with alternative acquisition structures, as well as regulatory, business and acquisition risk matters that affect value. His practice involves solving the multidisciplinary corporate and regulatory problems currently facing energy companies, marketers and project developers. Most recently, Kevin provided counsel to senior executives of a national gas holding company regarding a going-private transaction, and has been involved in fundraising activities for renewable energy developers. Representative Experience Counsel to financial institutions and renewable energy developers with regard to renewable energy incentives. Duties include analysis, counsel and advocacy on matters associated with U.S. Department of Energy loan guarantee programs and other government subsidies. Counsel to an investor-owned utility with respect to the first DOE loan guarantee ($8.3 billion) issued by the DOE under the Nuclear Loan Guarantee Program. Counsel to a subsidiary of an electric utility on issues relating to obtaining U.S. Treasury grants in lieu of Tax Credits for wind facilities. Representation of a utility with respect to its investment in a 100 Mw wind farm, and a 10 Mw solar plant. Counseling included review and assessment of alternative ownership and investment structures, utility finance, and ratemaking treatment options. Counseling to EEI with regard to global climate change and U.S. Securities and Exchange Commission policy matters. Lead counsel to a large Southeastern utility in its efforts to establish a first of its kind bid-based day-ahead and hour-ahead energy auction. The auction was approved by the Federal Energy Regulatory Commission (FERC) and deemed to be an innovative proposal that would advance the goals of price discovery, transparency, and liquidity. Assisted with identification and development of utility clients' renewable energy portfolio options, including application of anticipated renewable portfolio standards at state and federal levels. Counsel to SEMCO Energy with regard to its agreement to be acquired by Cap Rock Holding of Midland, Texas, for $867 million. The cash acquisition featured a 37% premium to market, a 33% secured shared premium for shareholders, and the first-ever provision for a post-signing "go-shop" period in a utility acquisition. Counsel to PNM Resources with respect to the establishment and formation of EnergyCo, a first of its kind joint venture between PNM Resources and Bill Gates' Cascade Investment LLC. Counsel to a biomass developer. Duties included working with management on identification of project and funding opportunities. Lead counsel to a natural gas company with respect to a corporate reorganization. Representation included successfully unwinding the sale of a natural gas pipeline and successfully developing and implementing a strategy to transition a significant minority shareholder. Lead counsel to PNM Resources in its acquisition of TNMP Enterprises. Counseled senior executives on various corporate and regulatory scenarios associated with alternative acquisition structures; identifying value creation opportunities associated with alternative acquisition structures; identifying regulatory, business and acquisition risk matters that affected value; managing due diligence issues associated with the acquisition; and managing SEC, FERC and other Federal regulatory approval matters. Counsel to the Dynegy Audit Committee. Representation included reviewing and assessing: the company's electric and natural gas trading and risk management functions; corporate governance matters; corporate compliance programs; internal audit/legal functions; SEC disclosure matters; and providing counsel regarding compliance with the Sarbanes-Oxley Act. Lead counsel to the Board of Directors of a Fortune 500 energy company with regard to a "best practices" review of the company's legal function. Responsibilities included review and assessment of the following: energy trading/risk management activities; internal audit/legal functions; various off balance sheet financing activities and SEC disclosure; corporate governance matters including the Audit Committee Charter; and corporate compliance programs. Lead corporate and regulatory counsel with respect to the formation and sale of DTE Energy's International Transmission Company. Representation included providing strategic counsel on reorganizing assets into an independent transmission business; managing various aspects of the corporate and regulatory requirements necessary to establish the transmission company as an independent company; and collaborating with investment community regarding ratemaking/value creation opportunities. Lead counsel with respect to review and assessment of strategic alternatives regarding an electric utility holding company's 5,000 Mw of retail generation. Duties included legal review and assessment of the Illinova PPA/Genco model; synthetic lease alternatives; and other sale leaseback structures. Lead counsel in the sale of Illinova Corporation's $3.6 billion nuclear power plant. Responsibilities included working with the client's financial advisors to create a market for the nuclear plant; providing counsel to the client's Board of Directors regarding the transaction; and negotiating and closing the transaction within eight months of the definitive agreement thereby capturing an additional $48 million in company savings. Counsel with respect to the $9 billion merger of Illinova and Dynegy. Duties included reviewing various M&A scenarios with the Board of Directors and managing corporate and regulatory aspects of the transaction. Lead counsel to Illinova Corporation with respect to the spin-down and consolidation of its generation facilities and energy trading functions. Representation included legal review and assessment of various corporate structures; identifying and addressing first mortgage bond issues; managing corporate and regulatory matters associated with spin-down and working to consolidate the company's merchant energy trading activities with the new Illinova Genco. Counsel to the outside Board of Directors of Trigen Energy in a $3 billion hostile takeover by Suez Lyonnaise des Eaux. Duties included counseling the outside Board of Directors on offensive and defensive maneuvers under The Public Utility Holding Company Act (PUHCA); review and assessment of strategic alternatives; analysis and counseling regarding fiduciary duties; and negotiation of the transaction. Successfully shaped a definitive agreement while exacting a 40% premium for public shareholders. Presentations and Speaking Engagements "Reconsidering Synergies, Cap-ex Plans Raise the Stakes for Utility Mergers", Public Utilities Fortnightly, July 2011. EEI/AGA Beyond the Boardroom Training Session presentation, "Understanding the Energy Industry," Washington, DC, October 25 - 26, 2010. Washington Update: Issues for 2010 Presentation, Morgan Stanley Global Power & Utility PRE-EEI Event Presentation, Palm Beach, Florida, October 30 - November 1, 2009. SNL Finance's Strategies for Utility Financing Conference, Opening Remarks, New York, New York, September 15, 2009. Troutman Sanders Energy in the Stimulus Bill Seminar, Opening Remarks, Washington, D.C., March 5, 2009. Implications for the Utility Industry of the Obama Victory, Morgan Stanley Global Power & Utility PRE-EEI Event Presentation, Paradise Valley, Arizona, November 7, 2008. Financial Crisis Impact on the Utility Industry, Presentation to utility board of directors, September 2008. The Presidential Race & Energy Politics, Presentations to various utility boards, Summer and Fall 2008. Energy Update: From Washington to Your Backyard, Presentation to Greater Louisville, Inc., Fly-In, Washington, D.C., May 14, 2008. Promoting Joint Demonstration Projects as a Benefit for Utilities and Ratepayers, Advisory Council Meeting, EPRI, Knoxville, Tennessee, April 25, 2008. Current Disclosure Issues Raised by the Global Climate Change Debate: EEI CEO Conference, January 10, 2007. Disclosure Issues Raised by the Global Climate Change Debate: EEI Environmental EAC Meeting, December 6, 2007. Disclosure Issues Raised by the Global Climate Change Debate: EEI CEO Conference, September 2006. Regulatory Paradigms and Generation Resources - Recent Developments: EPRI Summer Seminar, August 2005. Utility Affiliated Generation Issues at FERC: Southern Company Generation Conference, January 2005. Competing For Capital: A New Century of Electricity Delivery, Remarks Delivered to the EPRI Summer Seminar, August 2003. New Rules, Responsibilities and Risks for Boards and Audit Committees: EEI, January 2003. New Rules, Responsibilities and Risks for Boards, Audit Committees, Tax Executives and Professional Service Providers: 18th Annual Utility Tax Conference, EXNET, October 2002. The Audit Committee and Corporate Governance: The New Rules of the Road, 21st Annual Utility Accounting Conference, EXNET, October 2002. Washington Overview: The Implications of Enron on U.S. Energy Markets: Presentation to the Canadian Electricity Association, Canadian Embassy, Washington, DC, March 2002. Positioning Your Utility to Succeed in the Future: Vertical Disaggregation and the Electric Utility of the 21st Century, The Executive Enterprise Institute, 1996. The Privatization of U.S. Hydro Electric Power Projects, The American Bar Association Section of Natural Resources, Energy, and Environment Law, 14th Annual Water Law Conference, 1996. Carbon Dioxide Trading & Credits, Electric Utilities Environmental Conference, January 1999. "A S.A.F.E. Human Resources Strategy for the Regulated Utility in Transition, Managing Change in a Utility Workforce Under Deregulation," Public Utilities Reports, 1997. Board Positions - Public Service Electric Power Research Institute Advisory Board Member Edison Electric Institute
Advisory Board Member, Legal Planning Committee and Energy Delivery and Retail Marketing Subcommittee U.S. Partnership for Renewable Energy Finance (US PREF), Executive Committee Member Washington Performing Arts Society, Board of Directors John Carroll Society, 2006 Pro Bono Legal Service Award recipient Catholic Charities of the Diocese of Arlington
Special Gifts Committee, 2001 - Present, Chair, 2006 Legal Network Advisory of the Archdiocese of Washington, Council Member
The Archdiocesan Legal Network Charity Golf Tournament, Chair, 2004 - Present First Tee of Washington DC, Board of Directors Other Distinctions Honored as a 2010 Groundbreaking Lawyer in Public Utilities Fortnightly magazine in the area of Finance, Mergers & Acquisitions and Wholesale Markets. Honored as a 2009 Groundbreaking Lawyer in Public Utilities Fortnightly magazine in the area of Mergers & Acquisitions, Finance and Reorganization. Work Experience Executive Committee Member, Troutman Sanders LLP, 1999-present Managing Partner, Washington D.C. Office, Troutman Sanders LLP, 1999-2010 Member, Partner Compensation Committee Partner, Troutman Sanders LLP, 1997-present Chair of the Federal Regulatory Policy Group, Troutman Sanders, LLP, 1996-2000 Of Counsel, Troutman Sanders LLP, 1995-1996 Associate, Reid and Priest, 1991-1995 Memberships · District of Columbia Bar · Energy Bar Association · Massachusetts Bar |