Phil Lookadoo’s practice addresses regulatory and transactional matters in energy, commodity trading, and project finance and development, including regulatory experience with the intricacies of the Dodd-Frank Act before the CFTC and regulatory experience in natural gas, power, renewable energy, and oil/NGLs before the FERC.

Phil has been practicing law in the energy sector for more than 30 years, starting in 1980 when he represented large interstate natural gas pipelines and major natural gas producers in FERC regulatory ratemaking, certificate and rulemaking proceedings under the Natural Gas Act.

For the last 25 years, he has represented developers of fossil fuel-fired and renewable power generation facilities, obtaining FERC approvals under the Federal Power Act and PURPA, negotiating project contracts (PPAs, fuel contracts, tolling agreements, hedges, energy management agreements, EPC/interconnection agreements, and renewable energy credit agreements), project financing agreements, and related M&A agreements.

In energy commodity trading, Phil works with the major standardized master agreements (including ISDA, EEI, NAESB, and LEAP) for physical commodity and related financial hedging transactions. He negotiates heat rate call options and other sophisticated hedging transactions to ensure the financial viability of fossil-fuel fired and renewable power projects (which support project financing credit agreements) and oil and gas production operations (which support borrowing base credit agreements). Phil also negotiates and drafts credit support arrangements for such hedging transactions, including intercreditor agreements between senior lenders and hedge providers under which the lenders and hedge providers are pari passu secured creditors sharing a lien on the borrower’s power plant, renewable energy, oil, or natural gas assets.

Phil currently chairs the Dodd-Frank Working Group of the International Energy Credit Association, and speaks frequently before trade groups and bar associations.

Phil has worked on transactions involving Argentina, Abu Dhabi, Australia, Bolivia, Brazil, Canada, Chile, China, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, India, Jamaica, Mexico, Morocco, New Zealand, Oman, Peru, Philippines, South Korea, Sri Lanka, Trinidad, Uganda, United Kingdom and Venezuela.