Nicholas Gladd

Since joining Kirkland, Nic has been involved in the following:

• Represented the Special Committee of the Board of Directors of TerraForm Power, Inc., in TerraForm Power’s merger agreement with Brookfield Renewable Partners.
• Represented Blackstone Energy Partners in its acquisition of NRStor, a North American battery-storage developer.
• Represented TRC Companies in its acquisition of Lockheed Martin Energy's Distributed Energy Solutions group.
• Represented Brookfield Super-Core Infrastructure Partners, an infrastructure fund managed by Brookfield Asset Management Inc., in its approximately $2 billion acquisition of a 25 percent equity interest in Dominion Energy, Inc.’s Cove Point LNG LP.
• Represented Brookfield Super-Core Infrastructure Partners, an infrastructure fund managed by Brookfield Asset Management Inc., on an issuance by its acquisition vehicle, Bowie Acquisitions LLC, of $1.325 billion of Senior Secured Notes pursuant to a private placement under the Section 4(a)(2) of the Securities Act of 1933 and a $110 million revolving credit facility provided by Mizuho Bank, Ltd. and MUFG Bank, Ltd.
• Represented lenders in the approximately $1.27 billion refinancing for Train 2 of the Freeport LNG facility.
• Represents Hilcorp Alaska in its $5.6 billion acquisition of BP’s upstream and midstream business in Alaska.
• Advises a range of solar, energy storage, LNG, and gas-fired generation developers, sponsors, financiers, and investors on the federal and state energy regulatory aspects of transactions.
• Serves as counsel to a working group (Advancing Contracts in Energy Storage) focused on standardization of energy storage contracts and related materials with respect to financing.
• Represents energy companies in FERC non-public enforcement investigations.
• Advises a major technology company on FERC and CFTC compliance and commercial matters.
• Represented the lenders, led by Credit Agricole and Investec Bank, in connection with the financing of the 644MW Bayonne Energy Center gas-fired power project in New Jersey.
• Represented BlackRock, GSO Capital Partners and Magnetar Capital as lead purchasers of $1.1 billion of newly issued Series A Convertible Preferred Units of EQM Midstream Partners, LP.
• Represents SemGroup Corp. in its approximately $5.1 billion sale to Energy Transfer LP.
• Represents TPG in its preferred equity investment of up to $140 million to fund capital contributions to Double E Pipeline LLC, a joint venture between Summit Midstream Partners LP and Exxon Mobil Corporation, to construct a FERC-regulated interstate natural gas pipeline in the Delaware Basin.

Prior to joining Kirkland, Nic was involved in the following:

• Defended FERC in numerous matters in the D.C. Circuit, including:
  
  • Orders involving ISO New England’s and PJM Interconnection’s forward capacity market rules, including PJM’s approximately $10 billion per year performance-based capacity market construct.
  • Order addressing the Midcontinent Independent System Operator's compliance with Order No. 1000.
  • Orders concerning cost allocation rules for electric generators, including liability for transmission network upgrades and operations necessary to maintain bulk power system reliability.
  • Orders on natural gas pipeline certificates and associated NEPA reviews.
  • Petition for writ of mandamus concerning the relicensing of a hydropower facility.
• Groundbreaking agency rulemaking concerning participation of electric storage resources and aggregated distributed energy resources in RTO/ISO markets.
• Reforms to the ISO New England and PJM Interconnection capacity markets to address the impact of state subsidies.
• Certification of natural gas pipelines under the Natural Gas Act and associated obligations under the National Environmental Policy Act, with particular emphasis on climate change considerations.
• Issues related to the resilience of the bulk power system, including ISO New England’s first-of-its-kind proposal to compensate resources for their fuel security value.
• Tax-related matters involving the electric, natural gas, and oil industries, including regulatory changes in response to the Tax Cuts and Jobs Act
• Commission policies concerning electric infrastructure investment, including public utilities' return on equity and transmission incentives.
• Represented Chairman in discussions with the Office of the U.S. Solicitor General regarding certiorari petitions.
• Directed FERC staff team and outside counsel from the U.S. Department of Justice in litigation concerning a high-profile public utility bankruptcy proceeding.
• Multiple reliability-related rulemakings, including standards for supply chain risk management and reactive power requirements for non-synchronous generators.
• Corporate merger applications filed at FERC pursuant to FPA Section 203, and related inter-agency communications with U.S. Department of Justice.
• Lead attorney on ISO New England's pay-for-performance capacity market proceeding, Nation’s first performance-based capacity market construct.
• Counseled the Commission in a proceeding concerning $1.27 billion of out-of-market compensation for a nuclear generation facility needed to maintain the reliability of the bulk power system.
• Led staff team responsible for establishing FERC’s policies on public utilities’ return on equity.
• Secured dismissal of two separate complaints, filed in U.S. District Courts, which sought to enjoin FERC from reviewing applications for natural gas pipeline certificates.

U.S. Federal Energy Regulatory Commission

• Legal Advisor to Chairman Kevin J. McIntyre
• Attorney, Office of General Counsel, Solicitor's Office
• Legal & Policy Advisor to Commissioner Tony Clark
• Attorney-Advisor, Office of General Counsel, Energy Markets Division