Patrick R. Gillard

Partner

gillard@ballardspahr.com
Tel 215.864.8536
Fax 215.864.8999
Philadelphia

Patrick R. Gillard is the Practice Leader of Ballard Spahr's Energy and Project Finance Group. He represents corporate clients, underwriters, and lenders in connection with corporate and project finance, mergers and acquisitions, public utility law, and wholesale energy regulation. Patrick has a sophisticated utility finance practice and experience negotiating public and private debt financings involving both complex capitalization structures and M&A transactions.

Patrick also has extensive experience in transactions involving the development, financing, and acquisition of electric power assets, including solar, wind, and other types of renewable generating facilities. He has provided counsel to a Regional Transmission Organization for many years and has an in-depth understanding of the wholesale energy markets, including derivative products. He regularly advises large industrial and corporate energy retail customers on the negotiation of terms of power purchase agreements, competitive generation supply agreements, and renewable energy credit trading arrangements. In addition, he counsels participants in the energy industry on federal and state energy legislative and regulatory matters, including wholesale energy market regulation, state renewable energy portfolio standards, and public utility financing authorizations.

Recent matters in which Patrick has been involved include:

  • Advised an affiliate of a major utility in connection with the acquisition of a number of utility scale solar projects including:
    • A 19.3 MW solar facility located in Arizona
    • A 15 MW solar facility located in Delaware
    • A 25.2 MW solar facility located in Arizona
    • Two solar facilities totaling 4.4 MW located in California
  • Advised major Northeastern City in connection with an approximately $50 million lease financing of a waste-to-energy facility that will generate heat and electric power from biogas fuel
  • Advised a major electric generation company in connection with a Department of Energy loan guaranty financing for a utility scale solar project
  • Advised a developer of an offshore wind project in connection with the acquisition of a majority interest of the project by a Chinese wind turbine manufacturer
  • Represented a major utility company in connection with the negotiation of more than $7 billion in new credit facilities
  • Served as underwriters’ counsel in connection with a Rule 144A offering of $500 million in senior unsecured notes for an electric utility
  • Served as underwriters’ counsel in connection with a Rule 144A offering of $1 billion of first mortgage bonds issued by an electric utility company
  • Served as underwriter’s counsel in connection with a public offering of $250 million of senior unsecured notes issued by a gas utility company
  • Served as borrower's and underwriters' counsel in connection with more than $750 million of tax-exempt bond financings for a number of major utility companies
  • Served as borrower's and underwriters' counsel in connection with more than $750 million of tax-exempt bond financings for a number of major utility companies 
  • Advised a public utility in connection with the following public securities offerings of its:
    • $300,000,000 First and Refunding Mortgage Bonds, 5.95% Series due 2036
    • $175,000,000 First and Refunding Mortgage Bonds, 5.70% Series due 2037
    • $500,000,000 First and Refunding Mortgage Bonds, 5.35% Series due 2018
    • $300,000,000 First and Refunding Mortgage Bonds, 5.60% Series due 2013
    • $250,000,000 First and Refunding Mortgage Bonds, 5.00% Series due 2014
    • $350,000,000 First and Refunding Mortgage Bonds, 2.375% Series due 2022
    • $300,000,000 First and Refunding Mortgage Bonds, 1.200% Series due 2016
    • $250,000,000 First and Refunding Mortgage Bonds, 4.800% Series due 2043
  • Advised a large power company in connection with a Rule 144A offering of $775,000,000 of its senior notes and a concurrent exchange offer for $700,000,000 of senior notes of its parent 
  • Advised a large power company in connection with the following public securities offerings of its:
    • $700,000,000 6.20% Senior Notes due 2017
    • $600,000,000 5.20% Senior Notes due 2019
    • $900,000,000 6.25% Senior Notes due 2039
    • $550,000,000 4.00% Senior Notes due 2020
    • $350,000,000 5.75% Senior Notes due 2041
  • Advised a major oil refiner in connection with a restructuring of its trade receivables financing program and intercreditor arrangements relating to its asset-based lending credit facility
  • Advised a major supplier of aerospace systems in connection with a $175,000 trade receivables securitization facility
  • Advised a Regional Transmission Organization in connection with private placements of approximately $50 million in senior unsecured notes and related regulatory approvals
  • Advised a Regional Transmission Organization in connection with negotiation of $24 million of revolving credit facilities and related regulatory approvals
  • Advised a major financial institution in connection with the preparation of a request for proposals and negotiation of arrangements for a solar facility to be constructed at a large data processing center
  • Advised a full-service industrial & retail developer in connection with the leasing of rooftops on its facilities for the purpose of installing solar facilities to serve its tenants
  • Advised a major Northeastern City in negotiations with an competitive energy market participant to perform purchasing transactions for electricity on the PJM hourly pricing and wholesale fixed rate block markets to enable the City to efficiently and cost effectively access the electric wholesale markets and minimize transaction costs
  • Advised a global supplier and leading manufacturer of quality printing papers, specialty papers, and engineered and composite fibers products in connection with arrangements to participate in wholesale electricity markets and for the sale of alternative energy credits and related regulatory matters
  • Advised an operator of casinos and racetracks in connection with arrangements relating to procurement of electricity and natural gas for its facilities in various jurisdictions

Professional Activities

Pennsylvania Bar Association, Public Utility Section

Energy Bar Association

Recognition & Accomplishments

The Legal 500 US, Industry Focus - Energy: Renewable/Alternative, 2014, 2017-2018

Widener University School of Law (J.D., M.B.A. 2000, magna cum laude)
Staff, Delaware Journal of Corporate Law; Member, Phi Kappa Phi

University of Scranton (B.S. 1995)

New Jersey

Pennsylvania