Kathryn "Katy" Shurin is a partner in the Real Estate, Energy, Land Use & Environmental Practice Group in the firm's Houston office. She is co-leader of the Energy and Infrastructure industry team.
Katy represents financial institutions, hedge funds, commodities trading companies, energy marketers, project sponsors and developers and other energy companies and investors in complex energy finance and commodities trading matters, mergers and acquisitions and other commercial transactions that span the power, renewables and alternative energy, natural gas and upstream oil and gas sectors. Her representations often involve highly structured, asset-backed transactions that utilize project and structured finance concepts and techniques.
Katy has deep experience representing clients with respect to structured transactions and hedging and other offtake arrangements involving gas-fired power plants, solar- and wind-powered facilities, and battery storage projects located in each major power market in the United States, including ERCOT, SPP, PJM, MISO, CAISO, NYISO and ISO-NE.
Katy's experience also includes negotiating environmental products trading agreements, including with respect to renewable energy credits (RECs), renewable identification numbers (RINs), carbon capture allowances (CCAs), low carbon fuel standard (LCFS) credits, regional greenhouse gas initiatives (RGGIs) and voluntary emissions reductions (VERs). While many of her transactions are bespoke arrangements, Katy is also highly familiar with the master agreements used in the power, gas and environmental products trading industries, including the ISDA and physical annexes thereunder, NAESB, EEI and WSPP.
In addition, Katy also has significant experience representing energy clients in workout and restructuring matters, both in and out of court. In particular, she has represented secured suppliers of power and natural gas and secured lenders to retail energy providers in Chapter 11 proceedings filed by the retail energy providers in the Southern District of Texas, Delaware and the Southern District of New York.