Andrew L. Stuyvenberg
Overview
Drew Stuyvenberg is an energy regulatory partner in the Washington, D.C., office of Kirkland & Ellis LLP. Drew advises energy and financial industry clients in a variety of regulatory and transactional matters under the jurisdiction of the Federal Energy Regulatory Commission (FERC), the Department of Energy (DOE), state public utility commissions, the North American Electric Reliability Corporation (NERC), the Nuclear Regulatory Commission (NRC), and the Pipeline and Hazardous Materials Safety Administration.
Drew has counseled clients in regional transmission organization tariff disputes, worked to secure FERC approval for mergers and acquisitions under Federal Power Act (FPA) section 203, advised on regulatory risks in natural gas and oil pipeline investments, counseled on Natural Gas Act (NGA) regulations and policies, supported electric rate proceedings under the FPA, and assisted clients in receiving natural gas and electric export authorizations. He has also provided nuclear regulatory counsel for mergers, acquisitions, and international trade matters.
Drew regularly provides advice regarding compliance with the FPA, the NGA, the Interstate Commerce Act, the Public Utility Holding Company Act of 2005, the Public Utility Regulatory Policies Act, the Atomic Energy Act and agency implementing regulations under each statute.
Experience
Representative Matters
Since joining Kirkland, Drew has been involved in the following transactions:
- Blackstone Infrastructure Partners in its approximately $1 billion equity investment in Invenergy Renewables Holdings LLC.
- Ontario Teachers’ Pension Plan Board (OTPP) in its $250 million majority stake investment in Sevana Bioenergy, a developer of large-scale renewable natural gas projects.
- MAS Energy LLC and MAS CanAM LLC in the sale of MAS CanAm’s renewable natural gas development platform to CIM Group.
- Blackstone Infrastructure Partners on its participation in a consortium of investors that secured an almost 84,000 acre lease for $645 million in the U.S. Bureau of Ocean Energy Management’s New York Bight offshore wind auction.
- Rice Acquisition Corp., a special purpose acquisition company, in its $1.15 billion business combination with Aria Energy LLC and Archaea Energy LLC to form Archaea Energy, a publicly-traded renewable natural gas platform.
- Mas CanAm LLC in its $355 million sale of three renewable natural gas landfill assets to Kinder Morgan Inc.
- Cypress Creek Renewables, a leading vertically integrated renewable energy platform, on its acquisition by EQT Infrastructure V fund from certain funds managed by HPS Investment Partners, LLC and Temasek.
- Macquarie Asset Management (MAM) and Ontario Teachers’ Pension Plan Board on the signing of an agreement to jointly acquire a 31.6 per cent stake in Puget Holdings from Canada Pension Plan Investment Board (CPP Investments).
- EQT Infrastructure’s acquisition of Covanta Holding Corporation (NYSE: CVA), an owner and operator of Waste-to-Energy facilities in North America, in a transaction valued at $5.3 billion.
- Cypress Creek Renewables on a mezzanine debt financing backed by a 1.6 GW portfolio of operating solar projects, and on a senior financing of a portfolio of 14 operating solar projects.
- Ares' Infrastructure & Power strategy in its acquisition of a majority stake in Apex Clean Energy and certain related co-investment arrangements.
- KKR in its definitive agreements with NextEra Energy Resources and NextEra Energy Partners, LP to acquire a large portfolio of renewables assets.
- The Rise Fund, a global impact investing platform managed by TPG Global, in its acquisition of a majority stake in Element Markets, LLC , the leading independent marketer of renewable natural gas and environmental commodities in North America.
- GSO Capital Partners LP, predecessor to Blackstone Credit, in its preferred and common equity investment in Altus Power America, Inc., a solar generation company, as part of an $850 million recapitalization of Altus.
- 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.
- Advised major wind and solar developer on revisions to form of virtual power purchase agreement.
- The lenders in the financing of Guernsey Power Project.
- EIG Global Energy Partners in its $750 million acquisition of equity interests in South Texas Midstream, LLC, a newly-formed joint venture with NextEra Energy Partners, LP.
Prior to joining Kirkland, Drew was involved in the following transactions:
- Coalition of transmission owners in MISO — proceedings before FERC regarding RTO-to-RTO disputes over use of transmission across seams and related cost allocation proceedings.
- Major financial institution — regulatory counsel for $1.5 billion private-placement of senior notes for major interstate natural gas pipeline company.
- Coalition of transmission owners in MISO — proceedings before FERC regarding rate disputes after an RTO expansion.
- Major investment company — regulatory counsel for $6.5 billion deal to acquire liquids pipeline company.
- Merchant generation owner — FERC market-based and reactive power rate filings, settlement proceedings, and ongoing compliance matters.
- Gas and electric utility companies — regulatory counsel to $6.2 billion merger of companies with wholesale and retail gas and electric assets.
- Major gas and oil company — advice on FERC regulations and policies applicable to proposed natural gas pipeline and liquefied natural gas transactions.
- Major private equity firm — regulatory counsel for $2.1 billion acquisition of 5,200 MW, natural gas- and coal-fueled generation portfolio in Ohio and Indiana.
- Merchant electric transmission developer — advice on regulatory matters associated with project development, siting, acquisition, and permitting.
- Major financial institution — regulatory counsel for $850 million notes offering for diversified energy company with oil and gas pipeline holdings, as well as retail gas and electric utility interests.
- Infrastructure investment company — regulatory counsel in deal for additional interest in utility-scale concentrating solar project.
- Major financial institution — regulatory counsel for approximately $800 million initial public offering of publicly traded partnership with onshore and offshore liquids and gas pipeline assets.
Prior Experience
More
Recognition
Recognized in The Legal 500 United States as “Next Generation Lawyer” for Energy Regulation: Electric Power, 2023
Recognized in The Legal 500 United States for Energy Regulation: Oil and Gas, 2023; and Energy Regulation: Conventional Power, 2020 & 2022
Credentials
Admissions & Qualifications
- District of Columbia
- Maryland
Education
- Georgetown University Law CenterJ.D.2014
- Duke UniversityMaster of Environmental Management2005
- Marquette UniversityB.S.magna cum laude2002