Craig represents clients in wholesale transactions that include power purchase agreements, tolling agreements, fuel-supply arrangements, and off-take agreements; transactions for the purchase and sale of energy-related commodities, including natural gas, electricity, crude oil, capacity, and various environmental attributes; transmission and transportation agreements for these commodities; and energy, metals, and agricultural commodity prepaid swaps. These transactions often include supporting documents such as security agreements, guaranties, master netting agreements, interconnection agreements, transportation agreements, storage agreements, and related tariffs. His experience includes structuring and negotiating highly structured custom agreements, as well as standardized energy commodity master agreements, including the ISDA and its various annexes, EEI, WSPP, and NAESB. He has advised clients in gas and electricity transactions in Canada and the United States, including electricity transactions in CAISO, ERCOT, ISO-NE, MISO, NYISO, PJM, and SPP.
Craig also represents clients in a variety of environmental trading transactions, including emissions credits, RINs, renewable energy credits, other environmental attributes, and renewable portfolio standards (RPS) transactions.
Many of Craig’s clients participate in the retail gas and electricity markets, and he has assisted clients in all stages of the retail gas and power business, including company formation, contract form drafting, regulatory assistance, credit intermediation, wholesale supply agreements for retail electric providers, and retail supply agreements for sales to end-use customers. His clients include energy suppliers, banks, and energy companies that provide credit and wholesale gas and electricity to the retail energy providers, as well as the retail energy providers themselves.