Mr. Edwards is a Partner and Co-Team Leader of the Energy, Project Finance and Clean Technologies Practice resident in the Washington, DC office. In his role within the firm’s Energy and Project Finance team, Mr. Edwards collaborates with attorneys across the firm to bring innovative structuring and financing solutions to technology companies operating across the energy spectrum. His significant expertise in project finance and structuring, his experience in accessing cost share grants, DOE and USDA loan guarantees and his knowledge of global commodities markets allows Mr. Edwards to provide value added solutions to emerging companies in the energy space. In the electric sector, he has been extensively involved in smart grid, distributed generation, high voltage transmission projects and the digital technologies supporting the transformation of the electric grid. In the oil and gas and biofuels sectors, Mr. Edwards works with cutting edge companies working on the introduction and deployment of innovative technologies in the natural gas and oil sectors including gas-to-liquids projects, LNG export projects and producers using hydraulic fracturing technologies to develop shale gas and tight oil in environmentally sound ways. In the biofuels space, he works with companies developing next generation biofuels.
During his career, Mr. Edwards has served as lead counsel on more than $10 billion in energy, infrastructure and auto industry project financings. He has represented utilities, independent power producers, and investors in acquisition and divestiture of domestic and international energy projects, including buyers and sellers in competitive auctions for share interests in project financed projects, and asset acquisitions of generating plants and other energy assets. Mr. Edwards is experienced in domestic and international renewable energy projects, and emerging issues relating to climate change and renewable energy policies in the United States and abroad. He has advised utility clients on developing strategies for compliance with state mandated renewable portfolio standards. Mr. Edwards has also advised biofuels and oil and gas clients on the changing regulatory frameworks affecting their industries and as to the administration and implementation of energy regulations, laws and policies.
Following 20 years of private practice focused on the energy and infrastructure sectors and two years of senior level U.S. Government Service at the Department of Energy, Mr. Edwards joined JP Morgan Chase & Co. (JPMorgan) in June 2011 in the roles of Executive Director – Commodity Finance/Global Commodities Group (GCG) and Energy Finance/Office of Environmental Affairs. In these roles, Mr. Edwards led a team in structuring an innovative financing solution for the NYC Clean Heat Program, was a key team member working with the GCG Principal Investments Team on the conversion of a coal fired power plant in Florida to run on renewable biomass, and worked closely with the structured oil and gas origination teams on a variety of gas-to-liquids projects and biofuels projects. Mr. Edwards also provided insight and analysis to the senior leadership of the Global Commodities Group on President Obama’s Administration energy policy and decision-making on such matters as LNG Exports to Non-FTA countries, the Keystone XL Pipeline, Environmental Protection Agency administration of the Renewable Fuels Standard 2 Program (RFS2) and approaches to regulation of shale gas development.
Prior to joining JPMorgan, Mr. Edwards served as Deputy General Counsel for Energy Policy at the U.S. Department of Energy (senior Presidential appointee “Non-Career Senior Executive Service”) from June 2009 to June 2011. In this role, he supervised and managed a staff of 40 lawyers and provided legal and policy advice to DOE senior leadership. Mr. Edwards’ Office served as the senior legal advisors to the following DOE Offices: Office of Energy Efficiency and Renewable Energy, Office of Electricity Delivery and Energy Reliability, and the Office of Fossil Energy. The foregoing offices were responsible for deploying the majority of $36.7 billion in appropriations allocated to the DOE under the American Recovery and Reinvestment Act (the “Recovery Act”). The deployment by the DOE of the Recovery Act funds from 2009 to 2011 represented the single largest investment by the Federal Government in renewable and clean energy projects in the history of the United States. These cost share investments, loan guarantees and tax incentives provided critical funding to this emerging sector during the financial crisis. Mr. Edwards worked daily with the DOE Recovery Act Team to ensure that the money was allocated in accordance with all laws and regulations in a fair and transparent manner and in solving novel legal issues of first impression.
Further, working with DOE leadership and the Office of Electricity Delivery and Energy Reliability, Mr. Edwards led several critical negotiations with the U.S. Department of Treasury, the Internal Revenue Service (IRS) and the White House regarding taxation of Recovery Act grants resulting in IRS Rulings which were critical to the effective deployment of grants supporting the $3.4 billion Smart Grid Investment Grant Program. He worked closely with the Office of Electricity and leading utilities to disburse the Smart Grid cost share grants which resulted in the installation of millions of smart meters and significant upgrades to the electric grid across the United States.
Working with DOE leadership, Mr. Edwards was deeply involved in the analysis and preparation of the Sabine Pass LNG Export Permit to Non-FTA Countries issued in May 2011. He was a lead drafter of the Sabine Pass Export Permit which was the first ever permit issued by the DOE authorizing a company to export LNG on a long term basis to Non-FTA countries. Mr. Edwards also worked closely with the Fossil Energy leadership in restructuring the “Future Gen” cost share grant and the other cost share grants in the multi-billion dollar DOE clean coal program. The clean coal program supports innovative coal gasification projects which also incorporate carbon capture and storage, or utilize captured CO2 for enhanced oil recovery. In addition, Mr. Edwards was involved in the analysis and DOE recommendation to the White House to access the Strategic Petroleum Reserve in June 2011 to address crude oil shortfalls and price increases resulting from the crisis in Libya.
In addition to these accomplishments, Mr. Edwards worked closely with the DOE Loan Programs Office. Working with the financing team from the Advanced Technology Vehicle Manufacturing Program, Mr. Edwards served as DOE lead counsel on the $5.9 billion loan to the Ford Motor Company and was the lead counsel and architect of the innovative financing structure implemented in the $465 million loan to Tesla Motors. He reviewed, analyzed, and advised the DOE General Counsel and the Loan Guarantee Investment Committee on all DOE Loan Guarantees which came up for Credit Committee and Credit Review Board approval during his term of service, including the $8.3 billion loan guarantee to Georgia Power for the Vogtle Nuclear Power Plant. Mr. Edwards was also involved in the analysis of the potential loan guarantee for the Calvert Cliffs nuclear power plant, a proposed joint venture between Constellation Energy and EDF.
Mr. Edwards also was responsible for legal and policy issues involving the Power Marketing Administrations and was a partner with the PMAs on advancing several major high voltage transmission projects. In addition, the Assistant General Counsel for General Law reported to Mr. Edwards. The General Law Office covers a broad range of issues including ethics, FOIA and other matters of a general administrative nature central to DOE operations. During his service at the DOE, Mr. Edwards held a “Q” Clearance (Top Secret).
Prior to joining the DOE, Mr. Edwards was a partner on the Global Projects Team in the Washington, DC office of an international law firm. Previously, Mr. Edwards was a Partner with an international law firm on its Energy and Project Finance Team and a member of its Climate Change Law and Policy Practice. Prior to practicing law, Mr. Edwards worked as a management consultant at Booz Allen & Hamilton and in finance at The First Boston Corporation (now Credit-Suisse) in New York City.
Mr. Edwards has significant international energy experience. He drafted the new electricity law for Sierra Leone, and on behalf of the Government negotiated a restructuring of the Public-Private-Partnership (PPP) arrangements for the Bumbuna Hydroelectric Project. Mr. Edwards was a lead lawyer representing the Government of Tanzania on the Songo Songo Gas to Electricity Project and representing the Government of Uganda on the Bujagali Falls Hydroelectric Project. From 2001 to 2002, Mr. Edwards spent eight months in Manila, Philippines representing the Private Sector Assets and Liabilities Management Company (PSALM) and the Government of the Philippines on the privatization of its transmission system and the restructuring of its electric sector. PSALM was created by the Government of the Philippines as a private sector entity charged with the management and disposition of the electric transmission system and selected power generation assets owned by the Government of the Philippines. Mr. Edwards has also advised the governments of Albania and Romania on the restructuring of their electric sectors and the privatization of their electric distribution systems.
Early on in his legal career, Mr. Edwards was an international trade lawyer with an international law. During this time, he represented foreign clients before the International Trade Commission and the Department of Commerce in anti-dumping cases. Mr. Edwards also defended clients involved in U.S. Customs Audits and investigations under the U.S. Canada Free Trade Agreement, NAFTA and various U.S. Customs import programs.
Mr. Edwards has been active in the American Bar Association’s Section of International Law where he Co-Chaired the International Investment, Development and Privatization Committee and in the Section of Environment, Energy and Resources where he served as a Vice-Chair of both the Committee on Carbon and Energy Trading and the Special Committee on Energy and Environmental Finance. He has spoken and published regularly on the development of projects in the renewable energy space and on the related emerging legal and regulatory framework for renewable energy and climate change.
In 2014, Mr. Edwards served as the Chairperson of Energy Storage USA 2014, the only event in the United States focused exclusively on the commercialization of storage, to help bring technology to market and win lucrative projects. Mr. Edwards is a Member of the Council on Foreign Relations and The Bretton Woods Committee. He is actively involved in senior level working groups on global clean energy finance and North American and Western Hemisphere energy issues. During his career, Mr. Edwards has been active in civic and community initiatives including serving on the Board of Directors for more than 10 years with Project 2000 Inc. (a Washington, DC program focused on early education of inner city African American Males), service on Boards of Trustees (The Landon School, Holton-Arms School, The Harbor School), and energy related commissions for Montgomery County, Maryland. Mr. Edwards is also active with the Harvard Alumni Association, having served as Co-Chair for the Washington, DC Schools and Scholarships Committee for five years and is currently a member of The Committee for the Happy Observance of Commencement.
Mr. Edwards graduated magna cum laude with an A.B. in economics from Harvard University. He earned a Masters of Business Administration degree from the Stanford Graduate School of Business and a Juris Doctor from Stanford Law School where he served as an Associate Managing Editor of the Stanford Journal of International Law. He is conversant in French.
Mr. Edwards was recognized as a 2016 and 2017 Washington, D.C. “Super Lawyer” for Energy & Natural Resources by Super Lawyers magazine.
Developed the form financing documents and security documents for the U.S. Overseas Private Investment Corporation (OPIC) new initiative focused on small and medium sized projects.
Advised Solar City on evaluation and compliance under various Federal and State innovative technology cooperation agreements and cost share grants.
Negotiate licensing agreements and technology agreements for manufacturer of battery storage systems.
Represented British Nuclear Fuels Limited (BNFL) in the contract structuring and negotiations across from the Department of Energy for the first of kind treatment facility of low level radioactive waste at the Hanford, Washington site using a PPP mechanism developed by the DOE. Drafted first of a kind engineering, procurement and construction contract combining private sector incentives and structures with provisions derived from the Federal Acquisition Rules (FARs).
Acted as U.S. Department of Energy Lead Counsel on the $5.9 billion DOE Advanced Technology Vehicle Manufacturing loan to Ford Motor Company. This loan reached financial closing in September 2009 and provided critical and timely financing for Ford to continue to update its fleet of vehicles to increase mile per gallon and reduce greenhouse gas emissions.
Represented private equity investor in structuring project agreements and investment structure for greenfield biodiesel plant to be located in Texas.
Represented PPL Corporation (Allentown, PA) in all aspects, including drafting and negotiating the Power Purchase Agreement and the EPC contract, for the development of an inside the fence biomass fired energy facility to be located at a Paper Mill in Pennsylvania.
Represented ABB Energy Ventures and Nissho Iwai as sponsors in connection with the development and financing of a $235 million Rule 144A financing for a 484 MW combined cycle, power plant in Neuvo Leon, Mexico. Underwriting led by Barclays.
Represented provider of steam and electricity to large paper and pulp manufacturing plant in Louisiana, structured to access Section 45 Tax Credits under the Energy Policy Act of 2005.
Represented Actis/CDC Globeleq in the sale of its 50% equity interests in a mining project in Latin America to Glencore the Swiss based global commodities company. Developed innovative sales structure involving sale of Actis/CDC Globeleq interests along with tag-along seller who was an individual and former Latin American president.
Acted as U.S. Department of Energy Lead Counsel and architect of the innovative $465 million DOE Advanced Technology Vehicle Manufacturing Loan to Tesla Motors. This ATVM loan reached financial closing in January 2010 and was the first ever project finance loan to a venture capital backed early stage electric vehicle manufacturer.
Represented the Inter-American Development Bank and Société Genérale in a $136 million financing for 240 MW power plant in Monterrey, Mexico.
Represented Progress Energy Florida as utility offtaker for E-Grass fired power plant to be located in Florida.
Represented ABB Energy Ventures and Nissho Iwai Corporation (now Sojitz Corporation) sponsors in connection with the development and financing of a $335 million financing, including export credit agency financing and institutional lender tranches, for a 541 MW power plant in Baja California, Mexico under innovative Build-Lease-Transfer structure with Comision Federal de Electrcidad of Mexico (CFE).
Represented the Government of Uganda on the restructuring of the Bujagali Falls hydroelectric project.
Advise leading global commodities firm in the due diligence and potential equity investment in natural gas-to-liquid fuels project in the U.S.
Advise on variety of financing, legal/regulatory, DC policy developments and related. Lease financing of electric buses, raising financing at corporate level, strategic relationships and partnerships.
Advising developer of Renewable Energy Battery Storage Systems in negotiation of energy storage agreements in connection with the California energy storage mandate across from the two of the three largest California electric utilities.
Represented EES Coke (Special Purpose Vehicle of DTE Energy Services (unregulated subsidiary of DTE Energy)) as purchaser/issuer in the $293 million acquisition and Rule 144A note financing of coke battery and associated facilities in Michigan. Drafted and negotiated first of its kind coke sales agreement between SPV and National Steel to comply with Internal Revenue Service requirements to attract Section 29 Tax Credits.
Advised MetLife on leverage lease financing of energy assets
Advised and negotiated Energy Storage Agreement on behalf of Convergent Energy and Power across from Pacific Gas and Electric for successful energy storage project.
Advised Morgan Stanley on bid and potential acquisition of major combined cycle gas fired power project
Working with the U.S. Agency for International Development, advised the Government of Romania on restructuring options for its electric sector.
Represented Bechtel Power Corporation on matters relating to financing of power plant upgrades for electric cooperatives and municipal power producers benefiting from the USDA Rural Utility Services financing.
Successfully placed Mayer Brown on the International Finance Corporation legal panel through a rigorous competitive process.
Represented the Government of Sierra Leone in the negotiations to restructure the PPP arrangements for the Bumbuna Falls Hydroelectric Project.
Represented the U.S. Overseas Private Investment Corporation (OPIC) in $25 million senior secured loan to Sierra Rutile Limited for the refurbishment and restart of the rutile mine in Sierra Leone.
Advised U.S. Overseas Private Investment Corporation (OPIC) as lender’s counsel on the first 10 small and medium sized loan transactions under the new initiative commenced under President George W. Bush to devote greater OPIC resources to small and medium sized transactions and away from mega-projects.
Represented the Government of Tanzania in structuring and closing of the financing for the Songo Songo Gas to Electricity Project.
Represented governments in Africa, Asia and Eastern Europe on the development, financing and operation of various hydropower projects.
Advised SunEdison on evaluation of technical and commercial proposals involving energy storage systems.
Represented energy services provider in the potential installation of steam turbine generator at large pulp and paper
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Stanford University Law School, J.D. (1990)
Stanford University Graduate School of Business, M.B.A., Business (1990)
Harvard University, A.B., Economics (1983) magna cum laude
Harvard Business School, Executive Education Certificate (2017) "Making Corporate Boards More Effective"
District of Columbia (1991)
New York (1991)
U.S. Court of Appeals for the Federal Circuit
U.S. Court of International Trade
Council on Foreign Relations, Member
The Bretton Woods Committee, Member
Landon School, Board of Trustees, Member
National Petroleum Council, Policy Subgroup
Harvard Alumni Association, The Committee for the Happy Observance of Commencement, Member
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