Practice Expertise

  • Energy and Infrastructure
  • Capital Markets and Securities
  • Energy
  • Corporate

Areas of Practice

  • Capital Markets and Securities
  • Corporate
  • Energy
  • Energy and Infrastructure
  • Energy Finance and Securitization
  • Energy Regulation
  • FERC, NERC and State Energy Regulation
  • Power and Energy Capital Markets
  • Power and Utilities Capital Markets
  • Public Finance
  • Regulated Markets and Energy Infrastructure
  • Sustainability and Corporate Clean Power
  • View More

Profile

Pete’s practice focuses on all aspects of domestic and international capital markets transactions with a particular focus on the power and utilities industries. Pete is co-head of the firm’s Capital Markets practice. Pete acts as issuers’ counsel and designated underwriters’ counsel for several of the largest utility systems in the United States. He also acts as securities counsel to a financial institution in the Farm Credit System.

Bar Admissions

    Education
    JD, Washington and Lee University, Editor, Law Review, 1991

    BA, College of the Holy Cross, 1988

    Areas of Practice

    • Capital Markets and Securities
    • Corporate
    • Energy
    • Energy and Infrastructure
    • Energy Finance and Securitization
    • Energy Regulation
    • FERC, NERC and State Energy Regulation
    • Power and Energy Capital Markets
    • Power and Utilities Capital Markets
    • Public Finance
    • Regulated Markets and Energy Infrastructure
    • Sustainability and Corporate Clean Power

    Professional Career

    Significant Accomplishments

    Equity/Hybrid:

    • Underwriters counsel for Kansas-based electric utility in forward-equity issuance;
    • Underwriters counsel for Minnesota-based electric utility holding company in forward-equity issuance;
    • Company counsel for Missouri-based electric utility in dual issuance of mandatorily convertible securities and common stock;
    • Company counsel and agents' counsel in establishment of periodic equity programs for multiple utility holding companies;
    • Company counsel to financial institution in offerings of subordinated perpetual preferred stock and subordinated debt
    • Remarketing agent's counsel in several remarketings of debt component of equity units product; and
    • Underwriters' counsel in issuance of hybrid securities by multiple utility holding companies.

    Debt:

    • Initial purchaser counsel in inaugural debt issuance for US financing subsidiary of Australian infrastructure fund;
    • Initial purchasers' counsel in two lease-structured debt issuances by Wisconsin-based owner of supercritical coal electric generating facility;
    • Underwriters' counsel for New Mexico-based electric utility in establishment of first mortgage indenture and inaugural issuance of first mortgage bonds;
    • Company counsel for Missouri electric utility in issuance of first mortgage bonds;
    • Initial purchasers' counsel in the capital markets portion of the exit financing for a South Dakota-based electric and gas utility that emerged from Chapter 11 bankruptcy proceedings;
    • Purchasers' counsel in an institutional private placement of debt by an Indiana-based electric and gas utility holding company;
    • Initial purchasers' counsel in inaugural 144A/Reg S debt issuance for a "merchant Genco"; and
    • Initial purchasers' counsel in 144A debt issuance by privately held petroleum distribution company.

    Private Activity Bonds:

    • Underwriter's counsel in issuance by New Jersey Economic Development Authority Exempt Facility Revenue Refunding Bonds (Keystone-2012 Project)
    • Underwriters' counsel in issuance by West Virginia Economic Development Authority Energy Revenue Bonds (Morgantown Energy Associates Project) Series 2011;
    • Underwriter's counsel in issuance by The Delaware Economic Development Authority of its Exempt Facility Revenue Bonds (Indian River Power LLC Project) Series 2010;
    • Conduit obligor's counsel in issuance by Mississippi Business Finance Corporation of its Gulf Opportunity Zone Industrial Development Revenue Bonds (SG Resources Mississippi LLC Project) Series 2010;
    • Underwriter's counsel in issuance by West Virginia Economic Development Authority of its Solid Waste Disposal Facilities Revenue Refunding Bonds (Appalachian Power Company - Amos Project) Series 2010A; 
    • Conduit obligor's counsel in issuance by New York State Energy Research and Development Authority of its Pollution Control Revenue Refunding Bonds (New York State Electric and Gas Corporation Project);
    • Underwriter's counsel in issuance by Luzerne County industrial Development Authority (Pennsylvania) of its Water Facility Revenue Refunding Bonds (Pennsylvania American Water Company Water Facilities) Series 2009; and
    • Underwriter's counsel in issuance by Reisel Industrial Development Corporation of its Solid Waste Disposal Revenue Bonds (Sandy Creek Energy Associates, L.P. Project) Series 2008.



    Professional Activities and Experience
    • Leader in the Field, Energy: Finance, Chambers USA, 2006–2017
    • Ranked in Chambers Global: USA, Energy: Electricity (Finance), Band 1, 2015-2017 


    Articles

    • Electronic Roadshows: Why The Voice-Over Matters, Law360
    • Safeguarding Investment Grade Bonds in the Event of a Leveraged Buyout: Contract or Legislation? Washington and Lee Law Review, 47:613
    • Continuous Equity Financing with Forwards: A Practical Solution to Strategic Capital Raising, Corporate Finance Review
    • Structural Shift In ESG-Linked Debt May Make Issuance Easier, Law360
    • Structural Shift In ESG-Linked Debt May Make Issuance Easier, Law360
    • Will The Wires REIT Become The Next Midstream MLP?, Law360
    • When Bad Things Happen After A Securities Pricing, Law360
    • Utility Share Prices Under Pressure, Pratt’s Energy Law Report
    • Equity Press Release: When Time Is Not on Your Side, Law360
    • Electronic Roadshows: What To Leave In, What To Leave Out, Law360
    • Considerations Before Your Next Equity Offering, Law360
    • 2019 Retail Industry Year in Review

    Blogs

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