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David M. Perlman

Partner
Assistant
Karen Bishop202.828.5856
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.
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.