Robert G. Stephens

Phone713 343 7575

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Experience & Credentials
 

Practice Areas

  • Commercial Finance
  • Corporate
  • Corporate Finance
  • Derivatives & Structured Products
  • Renewables
  • Distressed Energy
  • Energy & Commodities
  • Energy & Commodities Transactions
  • OTC Derivatives
 
Contact InfoTelephone: 713 343 7575
Fax: 713 343 7550
http://www.cadwalader.com
 
University University of Wisconsin-Madison, B.B.A., with honors, 1985; University of Wisconsin School of Business, M.B.A., Finance, 1987
 
Law SchoolThe University of Texas School of Law, J.D., with honors, 1990
 
Admitted1990, Texas; 2004, New York
 
Biography

Robert Stephens represents energy companies, financial institutions, project sponsors, and private investors in a wide range of energy transactions and financings. These include, among others, structured energy financing transactions, such as credit sleeves, credit guaranties and securitizations; domestic and international project finance and development transactions involving gas, wind and geothermal power generation facilities; natural gas and gas liquids storage facilities, pipelines, liquefied natural gas (LNG) facilities and petrochemical plants; acquisition and divestiture transactions involving energy commodity trading companies, power generation facilities and other energy assets; and energy commodity transactions, including long-term structured power and natural gas supply facilities. Many of these transactions involve secured credit and bankruptcy planning structures, and Robert frequently handles corporate restructurings and reorganizations as well.

Named as one of the leading lawyers in the United States in energy law by Chambers USA, a Guide to Leading Lawyers, Robert graduated from the University of Wisconsin - Madison, earned his M.B.A. in Finance from the University of Wisconsin School of Business, and received his J.D., with honors, from the University of Texas School of Law. He is admitted to practice in New York and Texas and is a member of the Houston Bar Association.

Experience

Energy Finance

Represented American Renewables, LLC, in the negotiation of $472 million of project financing commitments provided by the Bank of Tokyo-Mitsubishi and WestLB AG for the development of a 102.5MW biomass fired power production facility located in Sacul, Texas

Represented RRI Resources, Inc., in the restructure of its $1 billion plus in exposure credit sleeve provided by Merrill Lynch Commodities, Inc., in connection with the sale of Reliant Energy Retail Holdings, LLC, to NRG Energy, Inc.

Represented Citigroup Energy Inc. in providing a project asset secured wind hedge to a subsidiary of Invenergy, in connection with the $175 million financing and construction of a wind project in New York

Represented Citigroup Energy Inc. in providing a project asset secured wind hedge to Noble Environmental Power, in connection with the financing and construction of three related wind projects in New York

Represented Merrill Lynch Capital Services, Inc., and certain of its affiliates in connection with the debt and equity financing of a geothermal power plant located in Beaver County, Utah

Represented Calpine, Inc., in structuring and documenting a credit sleeve transaction providing a Bear Stearns credit sleeve for the wholesale trading needs of Calpine

Represented RRI Resources, Inc., in development of a collateral trust structure for securing $5.35 billion of financial institution debt, public notes and tax-exempt bonds in the restructure of RRI Resources debt, and in the development of a $350 million securitization facility based on retail electric power receivables

Represented Repsol in the proposed development of an offshore LNG facility (transaction ultimately postponed)

Represented various sponsors in project developments and associated project financings totaling more than $1 billion for the development or acquisition of power plants in Argentina, Colombia and Mexico, including Inter-American Development Bank financing for a Mexican project

Represented Bank of America, N.A., in various acquisition financings, including more than $1 billion in syndicated facilities for roll-up transactions

Energy, Corporate and M&A

Represented Constellation Energy Group, Inc., in the divestiture of the assets comprising its wholesale power trading business in the Western Electricity Energy Council power region to Eagle Energy

Represented Constellation Energy Commodities Group, Inc., in the $95 million purchase of the equity of an Omaha, Neb.-based natural gas supplier with distribution across the great plains and Midwest

Represented Constellation Energy Group, Inc., in the acquisition of Water and Energy Savings Corporation, a Florida-based energy savings contracting business

Represented Constellation Energy Commodities Group, Inc., in the bankruptcy of Catalyst Energy Group, an Atlanta-based retail gas supplier for which Constellation was the senior secured lender

Represented Bear Energy, Inc., in its winning bid for the trading contract and power plant assets of an Eastern U.S. power and trading company

Represented YPF, S.A., in the review and restructuring of its $400 million plus equity and debt investments in the United States

Represented Entergy, Inc., in the approximately $100 million acquisition of a merchant power plant

Represented an independent investor in the acquisition of a local gas distribution company from a utility

Represented a merchant energy company in the winning bid for, and related engineering, procurement and construction (EPC) contract for, a Comision Federal de Electricidad (CFE) bid project in Mexico

Energy Contracts

Represented Constellation Energy Resources, LLC, in the negotiation and documentation of a three year all requirements natural gas supply facility provided by Macquarie Cook Energy, LLC, secured by all of the assets and equity of Constellation's retail gas business

Represented Constellation Energy Commodities Group, Inc., in the structuring and documentation of a five year all requirements natural gas supply facility for Superior Energy, an Ontario, Canada-based retail gas supplier with operations in Ontario and British Columbia with anticipated sales over the five years in excess of 230 Bcf or approximately $1.7 billion, secured by the assets and equity of the retail gas business

Represented Bear Energy, LP, in the negotiation and documentation of a precedent agreement as anchor shipper for capacity of the proposed Oil Springs natural gas storage facility in Wyoming, with interconnecting pipelines from Rockies Express Pipeline LLC, Wyoming Interstate Company and Colorado Interstate Gas Company

Represented Constellation Energy Commodities Group, Inc., in the structuring and documentation of a secured electric energy supply facility for an Ontario, Canada-based retail electricity supplier including intercreditor agreements to share liens with CIBC and a club of wholesale energy suppliers

Represented Pride International, Inc., in structuring and documenting a $500 million plus drillship contract for an ocean-going ultra deepwater drillship from Samsung Heavy Industries Co., Ltd.

Represented a national energy company in the development of long-term supply, service, and storage contracts supporting the divestiture of a chemical and natural gas processing and storage complex on the Gulf Coast of Texas.

News

News Releases

Cadwalader Advises Mercuria Energy Group in Acquisition of JPMorgan's Physical Energy and Commodities Business

Oct 03, 2014

Cadwalader Named 2014 Americas Derivatives Law Firm of the Year; Ray Shirazi Recognized as Top Derivatives Lawyer

Sep 19, 2014

Cadwalader Advises Exelon Corporation in Acquisition of Integrys Energy Services

Jul 30, 2014

Cadwalader Attorneys, Practices Recognized by 2014 Chambers Global Guide

Mar 25, 2014

Cadwalader Advises Mercuria on Acquisition of J.P. Morgan's Energy and Commodities Trading Company

Mar 19, 2014

Cadwalader Recognized for Excellence at 2013 Commodity Business Awards

Nov 21, 2013

Cadwalader Recognized in 2013 Edition of The Legal 500 US

Oct 25, 2013

More Than 25 Cadwalader Attorneys in 17 Practice Areas Recognized by 2013 Chambers Global Guide

Apr 08, 2013

Cadwalader Advises on North American Biomass Deal of the Year 2011

Mar 07, 2012

Cadwalader Expands D.C. Office With Launch of Energy and Commodities Advisory Practice

Jan 20, 2011

Recent Press

M&A Boom Heats Up Legal, Lateral Markets In Texas

Mar 22, 2011

Recognition

Cadwalader Named 2014 Americas Derivatives Law Firm of the Year; Ray Shirazi Recognized as Top Derivatives Lawyer

Sep 19, 2014

Chambers and Partners USA 2014

May 23, 2014

Cadwalader Attorneys, Practices Recognized by 2014 Chambers Global Guide

Mar 25, 2014

Cadwalader Recognized for Excellence at 2013 Commodity Business Awards

Nov 21, 2013

Cadwalader Recognized in 2013 Edition of The Legal 500 US

Oct 25, 2013

Chambers and Partners USA 2013

May 24, 2013

Chambers and Partners USA 2012

Jun 07, 2012

Project Finance Magazine's 2011 North American Biomass Deal of the Year

Mar 07, 2012

Chambers and Partners Global 2012

Mar 01, 2012

Events

2013 Energy & Commodities Conference

Oct 10, 2013

 
ISLN903433103
 
Profile Visibility
#1,758 in weekly profile views out of 25,304 lawyers in Houston, Texas
#118,117 in weekly profile views out of 1,538,052 total lawyers Overall

Office Information

Robert G. Stephens

1111 Bagby Street, Suite 4700
HoustonTX 77002




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