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David M. Perlman

Perlman, David M.

Partner

P 202.828.5804
F 202.223.1225
david.perlman@bgllp.com

Assistant

Karen Bishop
202.828.5856

David Perlman is a partner in the energy practice in Bracewell & Giuliani's Washington, D.C. office. He represents and counsels clients in energy-related transactions and financings, as well as regulatory and compliance matters concerning the Federal Energy Regulatory Commission, Commodity Futures Trading Commission and state public utility commissions, and in the  establishment of compliance programs and training. His clients include utilities, commodities merchants, marketers, industrial customers, generators, lenders, financial institutions, gas producers, among others.

Mr. Perlman has held positions as chief counsel to Lehman Brothers commodity trading business, where he was responsible for legal, transactional and regulatory matters relating to the firm's physical and derivative commodity businesses, and general counsel and chief energy counsel at Constellation Energy's merchant and trading business.

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He also served as a senior legal advisor in the Office of General Counsel of the Federal Energy Regulatory Commission, where he provided advice regarding significant and complex legal, regulatory policy and legislative issues coming before the Commission. These included matters related to Regional Transmission Organizations (RTO)/Independent System Operators (ISO), gas and electric market oversight, market-based rates and transmission.

Mr. Perlman was Co-Chair of the committee that created the EEI Master Power Purchase and Sale Agreement and continues as a committee member.

Representative Matters 

Energy Agreements

Long –Term Solar Off Take Agreement -- Mid Atlantic Solar Facility

Energy Management Agreements – Facilities located in California, Nevada and Texas

Derivative Agreements – hedging agreements for various energy companies

Gas Asset Management Agreements

Complex RTO Capacity Secured Trading Agreement

Lien-based Bosque Power Plant Off Take Agreement—Leman Brothers Commodity Services/Bosque Plant

Long Term Power Supply Agreement–-High Desert Power Project/California Department of Water Resources

FERC Regulatory Matters

Conditional Firm Transmission Service Agreement – FERC Transmission Service Dispute resolved through ADR Process in unique transmission service agreement

Multimember Group (including American Electric Power, Exelon & Shell Energy) – PJM Matters concerning market participation and other market restructuring issues

Electricity Regulatory Matters – Various Financial Institutions and Wind Generators 

Natural Gas Regulatory Matters – Large European Bank 

Financial Institutions Regulatory Group in FERC corporate securities proceedings

Large European Banks in Public Utility Holding Company Act of 2005 matters

CFTC Regulation

Counsel to Multiple Energy Companies in CFTC and Dodd-Frank Implementation Matters including Exelon and American Electric Power Company 

Counsel to the Coalition of Physical Energy Companies (COPE) group in CFTC and Dodd-Frank Implementation Matters 

Draft comments on behalf of Edison Electric Institute, Electric Power Supply Association and other trade groups in CFTC Dodd-Frank Rulemakings

FERC & CFTC Enforcement

Drafting of Compliance Manuals, Associated Training and Advice – Commodity Businesses of Large Banks,  Wind Generation Companies, Oil & Gas Producers & Traders, Interstate Pipelines, Electric Utilities and Gas Local Distribution Companies

FERC Investigation of Large Trading Organization in Enforcement Investigation concerning RTO market

CFTC Investigation of Large Investment Bank in Natural Gas markets

NERC Enforcement

Appeal of Registration of Wind Generator as Transmission Owner/Transmission Operator and related compliance issues

Energy Litigation

Represent Large Bank in Arbitration concerning Tolling Agreement

Mergers and Acquisitions

Acquisition of Nine Mile Point Nuclear Power Plant from Niagara Mohawk (and other owners) by Constellation

Acquisition of AES New Energy by Constellation

FERC Regulatory Service

Responsible for FERC staff team that developed "Market Behavior Rules"

General Counsel Liaison to RTO Market Monitors

General Counsel Lead for RTO Market Issues

Publications and Speeches

Panelist, “Interconnection: NERC Compliance; TO/TOP (e.g., Cedar Creek Order); and Other Issues,” Electric Transmission in the West Conference, Portland, Oregon, March 23, 2012.

Panelist, “Commodities, Futures and Energy Issues,” SIFMA Compliance & Legal Society Annual Seminar, Miami, March 20, 2012.

Moderator, CFTC/Dodd-Frank Roundtable, Edison Electric Institute Compliance Forum, December 13, 2011, Washington, D.C.

"Dodd-Frank – Credit and Margin: What’s a Credit Officer to Do?," 87th Annual International Energy Credit Association Conference, Summerlin, Nevada, October 11, 2011.

"Introduction - Dodd Frank 101 for the Utility Lawyer," EEI Dodd-Frank Webinar, July 27, 2011.

"Energy Regulatory Update: Dodd-Frank Act," Energy Capital Week Conference, Houston, June 1, 2011.

"Commodities, Futures and Energy Issues," Compliance & Legal Society Annual Seminar, Phoenix, AZ, March 22, 2011.

Moderator, "FERC, NERC & BPA Hot-Button Issues," Wind & Transmission Workshop, American Wind Energy Association, February 9, 2011.

"Dodd-Frank Wall Street Reform and Consumer Protection Act OTC Derivatives," EEI Contract Drafting Committee Meeting in Atlanta, Georgia, August 2010.

"Policy and Regulatory Issues Towards Competitive Electricity Markets" and "Development of Transmission and Electricity Commodity Markets," Transmission Business School, Chicago, Illinois, June 2010.

"Commodity Trading Update Proposed Position Limit Rule," Energy Bar Association, Houston, Texas, June 2010.

"OTC Legislation," EEI Contract Drafting Committee Meeting, Washington, D.C., May 2010.

"Emerging Directions in Enforcement," Infocast FERC & CFTC Compliance Summit 2010, Washington, D.C., April 2010.

"Derivative Markets Transparency & Accountability Act," EEI Contract Drafting Committee Meeting, Rosemead, California, February 2010.

"Assessing FERC's New 'Notice Of Violation' Strategy," Law360, December 22, 2009.

"U.S. v. Radley: Undercutting Enforcement Authority," Law360, October 1, 2009.

"Emerging Directions in Enforcement," Infocast FERC & CFTC Compliance Summit 2010, Washington, DC, September 2009.

"Focus on Renewable Energy," EnergyRisk USA 13th Annual Conference, Houston, Texas, May 20, 2009.

"Critical Issues Facing Risk Managers in the Current Market," EnergyRisk USA 13th Annual Conference, Houston, Texas, May 20, 2009.

Moderator, Plenary Session, Energy Bar Association Annual Meeting, Washington, D.C., April 2009.

"Carbon, Emissions and Renewable Energy Credits," Energy Compliance Network Meeting, Houston, Texas, April 14, 2009.

"Now's The Time To Lure Gov't Talent: Experts," Law360, January 21, 2009.

"Bracewell & Giuliani Scores Energy Guru Perlman," Law360, January 07, 2009.

Education

J.D., University of Baltimore School of Law, 1980
B.A., University of Maryland, 1977

Bar Admissions

District of Columbia
Maryland

Affiliations

Committee Member—EEI Power Contract Drafting Committee (Founding Co-Chair)
Chairman, Finance & Transactions Committee, Energy Bar Association
Faculty, University of Illinois, Transmission Business School, 2003 – present – Lecturer  on legal and regulatory issues relating to electric transmission and power markets to students including company representatives, government officials, regional transmission operator personnel, foreign officials, and graduate students.