Energy

Gray Plant Mooty's Energy group is a trusted resource to traditional electricity, natural gas, petroleum, and waste conversion clients as well as companies in emerging industry sectors such as renewable fuels, ethanol, hydro, wind, and biomass.

The energy organizations we represent range from financiers for ethanol projects, and renewable fuels companies, to utilities, independent power providers, petroleum jobbers, and construction companies.

We counsel energy clients on matters including:

  • Capital markets loans
  • State and federal regulatory matters
  • Construction, real estate, and development agreements
  • Environmental issues
  • Mergers and acquisitions
  • Project finance
  • Special credit

Project Finance

One of our core areas of representation is in the renewable energy sector. We have represented senior lenders in connection with 28 biofuel transactions and among these, is the largest single ethanol financing to close to date ($477 million). Most of the transactions have involved the financing, construction, and operation of ethanol plants located in Minnesota, Wisconsin, Michigan, Missouri, and Iowa. In addition to ethanol financings, we have worked with wind farm developers on their financings, development agreements, and real estate.
 

Special Credit and Compliance

We have represented clients in special credit matters including collections, foreclosures, and bankruptcy matters. We have also represented several clients in connection with loan document compliance matters. Our experience includes reviewing loan documents and developing bond projects.
 

Regulatory

Our Energy team is active in state and federal regulatory developments and compliance issues. We recently represented an independent transmission company in MPUC and Office of Administration Hearings proceedings in gaining regulatory approvals for $750 million purchase of transmission assets. We have also assisted clients in obtaining regulatory approvals for power purchase agreements and have represented companies in other matters before state regulatory agencies.
 

Mergers and Acquisitions

In addition to finance, we have represented a number of companies in connection with acquisitions and sales of assets. Examples of our M&A transactions are listed below.
 

Representative Clients

  • AgStar
  • Great River Energy
  • LSP Energy
  • Magellan Midstream Partners
  • Nielson & Associates
  • Resource Recovery Technologies
  • U.S. BioDiesel Group
  • Xcel Energy
  • Ziegler
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