Craig Enochs

Reed Smith, LLP



Craig represents clients in commodity and derivative transactions with a focus on energy transactions. His counsel includes advising on contract structures and credit arrangements in trading and structured, asset-based transactions. Craig represents clients in wholesale transactions that include transactions such as tolling, fuel-supply, off-take and power purchase agreements; transactions for the purchase and sale of energy-related commodities including natural gas, electricity, crude oil, coal, ethanol and various environmental credits; transmission and transportation agreements for these commodities; and energy, metals and agricultural commodity prepaid swaps. His experience includes structuring and negotiating highly structured custom agreements as well as standardized energy commodity master agreements including the ISDA and its various annexes, EEI, WSPP, NAESB, GasEDI, LEAP and CTA. Craig also works with clients in supporting documents such as security agreements, master netting agreements, transportation agreements, storage agreements, and related tariffs. He has advised clients in gas and electricity transactions in Canada and in the US, including electricity transactions in CAISO, ERCOT, ISO-NE, MISO, NYISO, PJM and SPP. He also represents clients in a variety of environmental trading transactions including emissions credits, RINs, and renewable energy credit/renewable portfolio standard (REC/RPS) standards. Many of Craig’s clients participate in the retail gas and electricity markets and he has assisted clients in all stages of the retail gas and power business, including company formation, contract form drafting, regulatory assistance and supply agreement transactions. His clients include both retail energy suppliers and the banks and energy companies that provide credit and wholesale gas and electricity to the retail energy providers.