Structuring Proxy Revenue Swaps in Wind Energy Projects

Leveraging a New Financial Product to Mitigate Energy Price Risk and Wind Resource Uncertainty

A live 90-minute CLE webinar with interactive Q&A


Tuesday, May 23, 2017
1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, April 28, 2017


This CLE webinar will provide guidance to energy counsel on the use of proxy revenue swaps (PRS) in wind energy projects to mitigate uncertainty associated with price and wind resource risk. The panel will give an overview of the product and how it is intended to mitigate risk, as well as examine how the PRS differs from other products in the market and discuss certain key provisions set forth in a PRS.

Description

The PRS helps companies manage the unpredictability of power prices and wind resource by swapping the floating revenues from a wind project for a fixed annual payment.

PRS are long-term trades that are complex and must be carefully structured. Counsel must understand the challenges, realities and expectations when determining whether to use PRS and also in structuring PRS in wind energy projects.

Listen as our authoritative panel of energy attorneys examines the PRS and discusses the key factors the parties should consider when deciding whether to use PRS. The panel will also discuss certain key provisions in a PRS.

Outline

  1. Overview of the PRS
  2. Comparison to other products in the market
  3. Key provisions

Benefits

The panel will review these and other key issues:

  • What is a PRS?
  • How does a PRS compare to other products in the market?
  • What are key provisions included in a PRS?

Faculty

Robert Eberhardt, Partner
Chadbourne & Parke, New York

Mr. Eberhardt’s practice focuses on the North American power industry. His clients include investors, lenders and sponsors, and he advises on project financings, investments, development, and project acquisitions and dispositions. Mr. Eberhardt has significant experience with complex financings and other transactions involving wind, solar and natural gas-fired generation projects.

John J. Leonti, Partner
Troutman Sanders, New York and San Francisco

Mr. Leonti helps clients structure, negotiate, document and execute complex financial transactions in the energy sector, including tax equity transactions utilizing partnership and lease structures, debt transactions, and hedge transactions using over-the-counter derivatives (including physical and financial renewable energy hedges). He has acted as counsel to major utilities and their competitive subsidiaries, tax equity investors, independent power producers, renewable energy developers, lenders, investment banks, private investment funds and power marketers.


Live Webinar

Live Webinar $247.00

Includes Early Discount Savings of $50.00 (through 04/28/17)

Add a colleague on the same connection in the same room for only $97.00 in the shopping cart or by calling customer service.

This webinar is eligible for at least 1.5 general CLE credits.

CLE credits are not available for PR.

*In KS, OH, PA, for more than 1 attendee on the connection you must contact Strafford CLE via email or call 1-800-926-7926 ext. 35 prior to the program for special instructions.


Recordings

CLE On-Demand - Streaming Video

Includes recorded streaming video of full program plus PDF handouts.

On-demand is the only recorded format recognized for CLE credits in DE, IN, KS, LA, MS, NC, OH, OK, SC, TN, VA, WI.

AK, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN*, KS, KY, LA, ME, MN, MO, MT, NC, ND, NH**, NJ, NM, NV, NY, OH*, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

*Only available for attorneys admitted for more than two years. For OH CLE credits, only programs recorded within the current calendar year are eligible - contact the CLE department for verification.

**NH attendees must self-determine if a program is eligible for credit and self-report their attendance.

CLE On-Demand Video $247.00
Available 48 hours after the live event

Includes Early Discount Savings of $50.00 (through 04/28/17)

How does this work?


Recorded Event

Includes full event recording plus handouts (available after live webinar).

Strafford is an approved provider and self-study CLE credit is available in most states.

AK, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, KY, ME, MN, MO, MT, ND, NJ, NM, NY, OR, PA, TN, TX, UT, VT, WA, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

Strafford will process CLE credit for one person on each recording.

Additional copies of a recording can be purchased at a discount. Please call Strafford Customer Service toll-free at 1-800-926-7926 ext 10 or email customerservice@straffordpub.com to place your order.

Recorded Webinar Download $247.00
Available 48 hours after the live event

Includes Early Discount Savings of $50.00 (through 04/28/17)

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Recorded Audio Download (MP3) $247.00
Available 24 hours after the live event

Includes Early Discount Savings of $50.00 (through 04/28/17)

How does this work?

DVD (Slide Presentation with Audio) $247.00 plus $9.45 S&H
Available ten business days after the live event

Includes Early Discount Savings of $50.00 (through 04/28/17)

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Registration Plus Recorded Event

Best value!

Live Webinar & Webinar Download $344.00

Includes Special Savings of $250.00 (through 04/28/17)

Live Webinar & Audio Download $344.00

Includes Special Savings of $250.00 (through 04/28/17)

Live Webinar & DVD $344.00 plus $9.45 S&H

Includes Special Savings of $250.00 (through 04/28/17)


Webinar

Strafford webinars offer several options for participation: online viewing of speaker-controlled PowerPoint presentations with audio via computer speakers or via phone; or audio only via telephone (download speaker handouts prior to the program).  Please note that our webinars do not feature videos of the presenters.

Early Registration
Discount Deadline
April 28, 2017
(4 days)

or call 1-800-926-7926

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or call 1-800-926-7926

Environmental Law Advisory Board

John J. Allen

Partner

Allen Matkins

Albert M. Cohen

Partner

Loeb & Loeb

Aaron Courtney

Of Counsel

Stoel Rives

Andrew N. Davis

Partner

Shipman & Goodwin

David R. Gillay

Partner

Barnes & Thornburg

Paul E. Gutermann

Partner

Akin Gump Strauss Hauer & Feld

Brian D. Israel

Partner

Arnold & Porter

Thomas J. P. McHenry

Partner

Gibson Dunn & Crutcher

Reed D. Rubinstein

Partner

Dinsmore & Shohl

James B. Slaughter

Principal

Beveridge & Diamond

Jeffrey A. Smith

Partner

Crowell & Moring

E. Gail Suchman

Special Counsel

Stroock & Stroock & Lavan

Gregory D. Trimarche

Partner

Wrenn Bender

or call 1-800-926-7926

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