Experience
Energy: Acquisition of LDC
Verrill assisted with an investment fund with due diligence in regard to potential acquisition of a local gas distribution company. The scope of work included analysis of state regulatory environment for gas utilities and the process for seeking regulatory approval of the potential acquisition.
Energy: Energy Aggregation
We advised Maine Power Options (MPO), the energy aggregation arm of two quasi-state agencies, Maine Bond Bank and the Maine Health and Higher Education Facilities Authority, with regard to developing and administering a procurement process by which MPO selects an electricity marketer to supply MPO members. Verrill provides ongoing support to MPO with respect to the procurement process and energy contracting.
Energy: Gas Pipeline Expansion
Represented an interstate pipeline company before the Maine PUC in advancing an interstate pipeline expansion project designed to provide a firm, competitively priced source of fuel for natural gas-fired generators providing electricity to consumers in Maine and elsewhere in New England. The Maine PUC is charged with implementation of the Energy Cost Reduction Act, a 2013 law (the firm was actively involved in drafting and securing passage of the Act) that authorizes the state to direct execution of a contract for new natural gas pipeline capacity. A so-called energy cost reduction contract, or ECRC, provides financing for up to $75 million per year upon a finding that the contract's benefits will outweigh its costs and that the contract is commercially reasonable and in the public interest. After more than two years of extensive litigation, the Maine PUC selected our client's project as the best option for an ECRC and directed Maine's electric transmission and distribution utilities to purchase pipeline capacity on the proposed pipeline expansion. The project is conditioned on support from other New England states, as it will enable the development of additional pipeline capacity needed to increase the availability and supply of natural gas throughout New England.
Energy: Legislative Campaign to Oppose State Takeover of Electric Utilities
During the 2019 session of the Maine Legislature, Verrill took a leading role on behalf of our client Emera Maine in opposing significant legislation authorizing the State of Maine to take over and operate the assets of Emera Maine and Central Maine Power, Maine’s two investor-owned transmission and distribution utilities. If this bill were to pass, CMP and Emera Maine would cease to operate as investor-owned utilities. Our efforts to oppose the bill included developing and coordinating a coalition of stakeholders in opposition to the legislation; detailed research of similar efforts around the country; the preparation and distribution of fact sheets outlining our research and other data showing the challenges of a state takeover; the preparation and delivery of public testimony on the legislation; preparation of amendments to the bill; overseeing public polling and grassroots outreach efforts to oppose the bill; and the direct lobbying of legislators and state agencies. After nearly six months of work, the Legislature postponed action on the bill, and instead directed the Maine PUC to conduct a detailed study of the proposal and report back in 2020. Future efforts will focus on this study, and the potential for additional legislation on the proposal.
Energy: Maine's First Private Natural Gas Pipeline
Assisted a large pulp mill secure legislation to authorize building a private natural gas pipeline that tapped into the Maritimes interstate pipeline to lower the mill's energy costs. To meet the client's schedule, we had to submit after-deadline emergency legislation and get the bill through the legislature and signed by the governor in just over three weeks.
Energy: Omnibus Energy Legislation
Verrill represented Emera as part of Omnibus Energy Legislation authorizing the State of Maine to procure up to $75 million of natural gas capacity in New England. Our goal was to ensure that the risks on Maine electric consumers through the bill were minimized, which required us to work for weeks with a wide range of stakeholders in order to make necessary amendments to the original bill. As a result of the strong relationships we developed and trusted legal solutions we offered, many of our proposals were ultimately included in the final legislation, whereas many suggestions by other stakeholders were not.
Energy: Promotion of Heat Pumps
Verrill assisted a Maine utility in the development and passage of state legislation to allow T&D utilities to directly provide energy-efficient electric heat pumps to customers, provided the program lowers the life cycle electric costs of participating customers; is subject to rates set by the Maine PUC; and allows customers to choose their own installer.
Energy: Utility Ownership of Generation
We opposed legislation on behalf of Emera that would have prohibited affiliates of Maine T&D utilities from owning electric generation facilities in the state. Had the bill passed, Emera would not have been able to partner with First Wind to provide financing for a number of major wind energy projects.
