Bo Harvey is an associate in Stoel Rives’ Energy Development practice and represents energy clients and financial institutions in connection with a wide variety of matters. He concentrates his practice on assisting clients with various stages of project financing, development and acquisition, as well as negotiating hedging structures and offtake arrangements. Bo also counsels clients on regulatory issues related to the Dodd-Frank Act and Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) regulations.
Over the course of the next several months, participants that are actively engaged in project financing will need to begin thinking about how to manage the transition away from the London interbank offer rate (LIBOR, known as the “most important number in finance”). LIBOR forms the basis for many financing agreements. LIBOR is scheduled to … Continue Reading
On August 19, the California Public Utilities Commission (CPUC) issued a proposed decision accepting the 2019 Renewables Portfolio Standard Procurement Plans submitted by four new Community Choice Aggregators (CCAs): Butte Choice Energy Authority; Clean Energy Alliance; the City of Santa Barbara; and San Diego Community Power. Each of these CCAs is anticipated to start providing … Continue Reading
On February 20, 2020, the Commodity Futures Trading Commission (CFTC) unanimously approved a proposed rule that would revise certain reporting requirements for financially-settled offtake contracts that qualify as “swaps” under the Commodity Exchange Act (as amended by the Dodd-Frank Act), such as proxy revenue swaps, fixed-volume price swaps and certain virtual PPAs. Many counterparties to … Continue Reading
On September 17, 2019 the San Diego City Council voted 7-2 to implement community choice aggregation (CCA), which included approving a resolution authorizing the city’s entry into a Joint Powers Agreement with the cities of Chula Vista, Encinitas, La Mesa and Imperial Beach, forming one of the largest CCAs in the state of California. Under … Continue Reading