Trends in Energy Company Finance, Post-Financial Crisis
Exclusive Interview withJeffrey Delaney, Pillsbury Winthrop Shaw Pittman LLP
Posted by LegalMinds Editor on January 4, 2010 · 6 Comments

The volatility in the financial markets has been a wake up call for the energy sector. According to Jeffrey Delaney , Partner and coleader of the Energy Industry team at Pillsbury Winthrop Shaw Pittman LLP , “treasury and finance folks need to take a critical look at their liquidity strategy, their capital structure and financing plans and try to think outside the box.”
In this exclusive interview with LegalMindsTV, Delaney discusses the impact of the Lehman bankruptcy, financial and industry trends and capital markets strategies which energy companies need to focus on in the coming year.
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In this “cash is king” environment, another strategy energy companies should explore is the “monetization of assets” as an alternative to the more traditional capital markets, which is perhaps more novel in the energy sector. “These companies need to look at ways in which to squeeze more value, liquidity and cash out of assets which are typically inert, such as their transmission system,” says Delaney.
In addition to the changes in the financial and capital markets, Delaney also discusses the impact of shifts in the regulatory landscape, as well as the growing interest in alternative energies, particularly in the venture capital market.
Delaney sums up the advice he gives his clients by saying “Be prepared.” Adds Delaney, “we’re in volatile markets, we’re in uncertain times – you can’t be stuck in a particular strategy or timetable.”
View and download a PDF transcript of the full interview here.
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ATTORNEY INFORMATION


Jeffrey J. Delaney
Partner, Pillsbury Winthrop Shaw Pittman LLP
Mr. Delaney is coleader of Pillsbury’s Global Energy industry team and also leads the New York Corporate & Securities local practice. He advises issuers and underwriters on public and private offerings of debt and equity securities, principally in the energy industry. Specifically, he acts as regular underwriters’ counsel for a number of energy and utility companies in the United States. In addition, he acts as regular underwriters counsel in connection with multiple funding agreement backed medium-term note programs(registered and private) for domestic life insurance companies. He also represents a bank holding company in connection with its financings. Lastly, Mr. Delaney regularly advises on drug royalty monetizations and related transactions for a major investment bank.
Recent indicative transactions include first mortage bond and other secured bond financings and preferred stock financings for energy and utility companies and bank note financings for a bank holding company.
Mr. Delaney was cited in the 2008 edition of Chambers USA: America’s Leading Lawyers as top in his field for Energy Finance and, in 2007, was selected as a member of The BTI Client Service All-Star Team for Corporate Transactions 2008.
Admissions:
State of Connecticut and State of New York
Education:
J.D., Pace University School of Law, 1992, summa cum laude, Valedictorian; Member and Research and Writing Editor, Pace Law Review; B.A., Pace University, 1989, summa cum laude
Contact:
1540 Broadway
New York, NY 10036-4039
212-858-1292
[email protected]
For additional information, visit: http://www.pillsburylaw.com/index.cfm?pageid=15&itemid=21152
FIRM INFORMATION
Pillsbury Winthrop Shaw Pittman LLP is a full-service law firm with market-leading strengths in the energy, financial services, real estate and technology sectors. Based in the world’s major financial and technology centers, Pillsbury counsels clients on global corporate, regulatory and litigation matters. We work in multidisciplinary teams that allow us to anticipate trends and bring a 360-degree perspective to complex business and legal issues — helping clients to take greater advantage of new opportunities and better mitigate risk. This collaborative work style helps produce the results our clients seek.
For additional information, visit: http://www.pillsburylaw.com
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