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D. Cameron Prell

Senior Counsel

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Practices
Industries
Education
  • The George Washington University Law School, LLM, International Environmental Law, 2003
  • Indiana University Maurer School of Law, JD, 2000
  • Virginia Polytechnic Institute and State University, BA, Political Science, Concentration in International Economics, 1997
Admissions
  • District of Columbia
  • Maryland
  • U.S. Supreme Court
Affiliations

Co-Chair, Section of Environment, Energy and Resources (SEER), ABA Energy and Environmental Markets and Finance Committee

Board Member, Climate Markets and Investment Association

Member; Vice Chair, North American Energy and Climate Policy Committee, 2011-2012, Climate Markets & Investments Association 

Member; Vice Chair, International Environmental Committee, Section on International Law, 2011-2012; Vice Chair, Energy and Environmental Markets and Finance Committee, 2011-2012, American Bar Association

Member, Environmental Markets Association

Member, National Association of Clean Water Agencies

Member, American Biogas Council

Member, Energy Bar Association

Member, American Council on Renewable Energy

Member, Environmental Law Institute

Cameron concentrates his practice on transactional matters related to energy, environmental, natural resource and financial laws and regulation, with a particular focus on energy markets, infrastructure, advanced technologies and sustainable finance and development. For the past 15 years, he has helped domestic and international clients develop energy, water and environmental projects, trade energy and environmental assets and associated derivatives, and pursue sustainable, low carbon capital investments through equity investment, public-private partnerships or innovative debt financing.

As part of such transactional matters, Cameron is a leading attorney nationally on the convergence of energy and environmental law with financial regulation and market-based incentives. He helps clients navigate energy markets and subsidies, international environmental markets, bilateral and multilateral financing mechanisms, international trade, and securities and commodities regulation (e.g. EPA, FERC, DOE, CFTC, SEC, OPIC). He also helps clients address enterprise and asset-level risks associated with climate change-related performance standards and regulation. Cameron has represented private equity funds, electric and gas utilities, natural resource companies, clean energy project developers and technology firms, commodity traders, financial institutions, and municipalities, in their respective efforts to address, invest in, or adapt to a changing climate, market and regulatory landscape.

Cameron writes and speaks around the country on climate change law governance and clean energy policy, climate finance and asset securitization, financial risk mitigation, and sustainable development project implementation. He is on the Board and chair of the North America Working Group for the UK-based Climate Markets and Investment Association and is active with several climate, water and clean energy trade associations.

Cameron is the co-chair of the McGuireWoods Water Industry Team and its Cleantech Capital Group. He currently serves as vice-chair of the American Bar Association’s Energy and Environmental Markets and Finance Committee and the International Law Section’s International Environmental Law Committee.

vCard
T: +1 202 857 1741F: +1 202 828 3323cprell@mcguirewoods.com2001 K Street N.W.
Suite 400
Washington, DC 20006-1040
Environmental Finance

Project and commodity counsel to first international avoided deforestation carbon offset project (Latin America) to be registered and verified under the Verified Carbon Standard Avoided Deforestation Partners methodology.

Consultant to U.S. Agency for International Development to develop international carbon finance product to allow the U.S. to guarantee debt financing for voluntary emission reduction projects (e.g. water quality, forestry) in developing countries.

Represented the Gold Standard Foundation as M&A counsel as part of its acquisition of international forest carbon project platform.

Represented western utility as part of third party utility-scale solar sale-leaseback financing.

Transaction counsel to national mortgage finance company on participation in HUD PowerSavers efficiency finance program.

Advised trade association on “green bond” structures, commodity-linked bonds, asset-backed securitization structures for climate mitigation and adaptation.

Drafted and negotiated primary and secondary market emissions reduction purchase and sale, option and forward transactions for several offset project types (forestry, LFG, mine methane, waste management, biogas, ODS).

Advising private equity firm on low carbon investments in South Africa, North America.

Assisting REDD+ developer commercialize carbon and biodiversity benefits (VCS, CCBA, CCAR) for projects in Belize, Peru, Brazil and Kenya.

Negotiated carbon commodity ISDA, EFET and VERPA trades on behalf of energy companies, and financial institutions (e.g. EUAs, CERs, CRTs, VCUs, California early-action credits).

Advised carbon asset management company as seller in multimillion dollar sale of VERs to UK-based multi-national investment company pursuant to a master voluntary emissions reduction purchase and sale transactions (i.e., VERPA).

Policy counsel to energy companies on public finance options (e.g., leveraged lease), tax incentives and loan guarantees for public-private partnership.

Represented international bank in energy performance contract with energy service companies to provide guaranteed energy savings from energy construction measures.

Represented an energy-service company in energy performance savings contract.

Negotiated numerous unbundled and bundled REC and SREC transactions for traders, project companies and utilities in at least ten U.S. states.

Advising forest carbon developer on international forestry bond transaction structuring.

Counsel to Midwestern POTW on municipal bond financing and tax issues related to public-private partnerships and private activity bond limitations.

Directed environmental due diligence for a global energy investment company’s successful bid to acquire 50% interest in 13 power plants in six states, including evaluation of impact of California’s SB1368 and AB32, the Regional Greenhouse Gas Initiative, and anticipated national greenhouse gas legislation on six coal-fired plants.

Advised large financial institution on World Bank Equator Principles, coalition climate due diligence policies and OPIC NEPA standards for GHG analysis for international project financings.

Assisted U.S. municipalities develop projects and monetize carbon emission reductions (VCS) achieved at local landfills and waste-to-energy facilities.

Assisted international chemicals company plan, develop and negotiate transactions for the sale of Kyoto Protocol CDM credits (CERs) generated from emission reduction offset projects (bagasse, energy efficiency) in Peru and China.

Assisted international cement association develop methodologies and protocols to collaborate with Mexican entities to develop carbon risk management, GHG efficiency, waste heat offset projects.

Represented several solar development companies in numerous forward sales, spot sales, and option contract transactions involving bundled and unbundled SRECs sales in New Jersey, Ohio, Pennsylvania, North Carolina, California and Maryland.

Transaction counsel to investor-owned utilities in transactional acquisition and management of RECs and SRECS in the Northeastern U.S. states, large New Mexico public utility in negotiation of SREC purchase and RPS portfolio obligations associated with bundled purchase of energy from solar thermal power plant.

Drafted REC purchase and sale agreement for a coalition of Southeastern utilities in furtherance of North Carolina REPS requirements.

Climate Change Law and Policy Counsel

Counsel to Climate Markets and Investment Association in its participation in California carbon market offsets litigation.

Represent global natural resource company on federal Clean Air Act regulation of greenhouse gases and climate policy matters.

Advised public-private CCS alliance on financial responsibility requirements for underground injection of CO2 under Class VI Well rules promulgated by EPA under Safe Drinking.

Drafted carbon market and pre-compliance offset development and climate risk management primer for national clean water infrastructure association.

Assist public utilities, energy companies and investment groups on climate change and GHG emissions-related SEC disclosures for and reporting and securities offering documents, integrated reporting.

Counsel to 14 municipal and regional governmental entities on climate change mitigation/adaptation strategies and regulatory impacts.

Appellate litigation counsel to national wastewater association on GHG biomass exception litigation.

Advised natural resource company on Department of Defense greenhouse gas lifecycle standards and advanced fuels procurement requirements.

Assisted international cement association develop and refine methodologies and protocols to collaborate with Mexican entities to develop carbon risk management strategies; GHG efficiency, waste heat offset projects.

Advised scrap steel company and group of municipal solid waste departments on GHG reporting Rule, and proposals for cap-and-trade legislation, federal RES, federal Clean Energy Standards.

Counsel to major international trade association (shipping sector, customs) on federal U.S. climate change policy, carbon market dynamics and trading, specifically border measures, carbon tariffs and rebate allowances proposals.

Advised microgrid and district energy project development firm on state and federal energy regulations.

Drafted comments for public sector regional authorities on EPA proposed rulemakings for endangerment finding, CCS regulation, and CO2 regulatory options under the federal Clean Air Act (e.g. NSPS).

Federal administrative litigation counsel for foreign chemical manufacturer in international trade litigation over Emissions Reduction Units generated and traded into European Union Emissions Trading Scheme (EU-ETS).

Advised natural resource company on beneficial reuse of fly ash as green cement product, LEED certification requirements.

Drafted RPS statutory revisions to expand definitions of renewable resources and “renewable biomass” that were adopted in Mid-Atlantic states.

Represented biogasification company in appeal of EPA Sewage Sludge Incinerator rule, advising on Non-Hazardous Materials Rule redefinition to account for biomass and sustainable energy recovery.

Counseled chemicals company on legislative matters associated with chemical synthetic gas plants with carbon capture and sequestration (CCS).

Clean Energy and Infrastructure Project Transactions

Assisted as project counsel (EPC, PPA, interconnection, fuel supply, service agreements) for several renewable energy projects (landfill gas-to-energy, solar, wind, biogas.

Assisted largest municipal wastewater system in the Midwest draft and negotiate of long-term service agreement to re-privatize system operations.

Assisted in initial stage development of public-private partnership to develop a consolidated solar power (CSP) facility to be located in Mojave Desert.

Prepared long-term RFP and natural gas supply contract (NAESB) for largest Midwestern U.S. city.

Drafted and negotiate financing, construction and operations and maintenance service agreements (e.g. waste-to-energy facilities, landfill gas pipelines, LFG-to-energy plants, anaerobic digester gas-to-energy) for 5-8 projects.

Represented and counseled California water districts and advanced energy technology companies apply for Clean Renewable Energy Bonds, DOE loans and loan guarantees.

Federal Energy and Financial Regulation

Advise energy companies and environmental market brokerage on Dodd-Frank Act and CFTC oversight (e.g. end-user exception, bona fide hedging, reporting and recordkeeping).

Advised energy service companies on FERC Order 745 and Order 1000 issues for demand-side management programs and RTO compliance obligations for (1) energy efficiency payments and (2) transmission siting for renewable energy.

Counsel to several public issuers and supply chain vendors on integrated reporting, SEC “Conflict Minerals” reporting obligations.

Advise biogas company on EPA Clean Air Act and solid waste rules.

Drafted in-depth memoranda for various energy utility and financial services clients on energy asset sales, electric restructuring, standard market design, financial derivatives and commodity hedge clearinghouses, market clearing and creditworthiness and energy markets.

Advised investor-owned electric utility and privately-held investment bank on proposed rules and potential impacts of Dodd-Frank financial reform legislation.

Represented Midwestern transmission-dependent load-serving utility in FERC electric matters, including RTO/ISO market design, pancaked rates, grandfathered interconnection contracts, energy and capacity markets.

Counseled merchant and municipal generators, coalition of cogeneration companies, and industrial end-users on issues and proceedings involving natural gas, transmission infrastructure, project approvals and state construction certificates, RTO/ISO agreements, locational marginal pricing and day-ahead energy/capacity markets, interconnection agreements, market-based rates, standards of conduct, affiliate abuse, and mandatory fuel reporting compliance.

Assisted in representation of large Southeastern utility’s withdrawal from the Midwest ISO and joining of PJM, including exit fee agreement negotiation and regulatory compliance with RTO tariff obligations.

Represented independent power producer in litigation over NERC reliability classification and compliance requirements.

Represented Midwestern cooperative before FERC in litigation over grandfathered interconnection service agreements.

Author, "The California Program: Prisoners of Their Own Device?," Carbon Market North America, November 4, 2011
Author, "California’s Carbon Caveat Emptor," Environmental Finance, April 2011
Co-author, "Art of the Plausible - Prospects for Clean Energy Legislation in 2011," Public Utilities Fortnightly, April 2011
Co-author, "2010 Annual Report," Energy and Environmental Markets & Finance Committee, American Bar Association Energy Committees Newsletter, Section of Environment, Energy and Resources, February 2011
Author, "Time for a low-carbon portfolio standard," Environmental Finance, February 2010
Author, "Catch-22: Deconstructing FCPA Sting of Arms Exporters," The Export Practitioner, February 2010
Author, "Federal Carbon Market Governance: So Who’s Really (Going To Be) in Charge Here," American Bar Association Energy Committees Newsletter, Section of Environment, Energy and Resources, September 2009
Author, "Border Adjustments in Climate Change Legislation," Joint Industry Group Newsletter, July 2009
Co-author, "Getting Into the Game: How POTWs Can Take Advantage of Carbon Trading," National Association of Clean Water Agencies, February 2009
Author, "Looking out for the Ratepayers," Environmental Finance, October 2008
Author, "The New Economic Feasibility of Sustainable Resource Recovery," Trends Newsletter, American Bar Association Section of Environment, Energy and Resources, November 2007
Author, "Arbitration of Environmental Disputes that Cross National Boundaries: Approaches to Conflict Resolution," Encyclopedia of Life Support Systems (EOLSS), Developed under Auspices of the UNESCO, EOLSS Publishers, Oxford, UK, 2002
Speaker, "What’s Next: Considering GHG Regulation of Existing Power Plants and the Impact on Markets," Argus Carbon Summit, October 2013
Speaker, "Environmental Markets 2.0: The Evolving Use of Market-Based Mechanisms," ABA SEER 21st Fall Conference, October 2013
Co-presenter, "EPA’s Proposed Changes to the Renewable Fuel Standards (RFS) Program," RFS2 Proposed Amendments: From Concept to RIN Opportunity, American Biogas Council Webinar, October 2013
Speaker, "Electrification of transport and the role of urban planning," Bloomberg New Energy Finance Summit: The Future of Energy, April 2013
Speaker, "Energy Sustainability – Alternative Energy Project Development Webcast," KPMG Global Energy Institute Webcast: Energy Sustainability Series, February 20, 2013
Speaker, "The Cleantech Capital Group: Impact Capitalism," October 2012
Speaker, "Low-Carbon Finance & Investment: Where Will the Money Come From?," IETA Carbon Forum North America 2012, October 2012
Speaker, "SEC Releases Final Conflict Minerals Rule: Due Diligence & Reporting, Through the Looking Glass," September 2012
Speaker, "Conflict Minerals," SEC Compliance and Enforcement Update, McGuireWoods LLP SEC Practice Complimentary Webinar Series, September 2012
Speaker, Clean Energy, The Roads Ahead on Cleantech Investment, Policy, and Financing, March 2012
Speaker, "North American Energy and Climate Policies," Climate Finance Conference, November 2011
Speaker, "The Future for Environmental Finance in North America," Environmental Markets Association 15th Annual Meeting, October 2011
Speaker, "Solar PV Financing Structures and SREC Market Transactions," EUCI Workshop, June 2011
Speaker, "International Linkage Possibilities for California Carbon Market," Climate Finance North America 2011, June 2011
Co-speaker, "Project Finance and Ownership Structuring for Solar PV Transaction," Due Diligence for Solar PV Projects Seminar, June 2011
Speaker, "Designing a Federal Clean Energy Standard: Policy Parameters, Metrics, and Market-Based Drivers Impacting the Debate," EUCI Web Conference, June 2011
Speaker, "Clean Energy Financing and Policy Strategies," Forum for Growth & Innovation Conference on Green Energy, May 2011
Speaker, "U.S. Carbon Market Update," 14th Annual EPA Landfill Methane Outreach Program Conference and Expo, January 2011
Speaker, "State of the U.S. Offset Market," Carbon TradeEx America Conference, September 2010
Speaker, "Biostorm: The 'Perfect Storm' of New Environmental and Energy Regulations Threatening Biomass Projects, Project-Based Carbon Management Strategies," EUCI National Webinar, September 2010
Speaker, "Is Everything on the Table?” The Kerry-Lieberman Discussion Draft ‘American Power Act," E-Session National Webinar, June 2010
Speaker, "Federal Energy and Climate Legislative Update," Joint American Council on Renewable Energy & American Bar Association Monthly Renewable Energy National Teleconference Series, April 2010
Speaker, "Are We There Yet? Establishment of a Federal Carbon Market," SWANA North American Carbon Credit Summit, April 2010
Speaker, "Follow the Money: Sustainable Infrastructure Project Opportunities in American Recovery and Reinvestment Act," Fairfax County Economic Development Partnership Forum, January 2010
Speaker, "International Maritime Transportation in a Carbon-Constrained United States," Virginia Maritime Institute Breakfast Series at Nauticus, October 2009
Speaker, "Carbon Market Oversight: Designing a System That Works," Environmental Markets Association 2009 Fall Conference, October 2009
Speaker, "3-Part Seminar on Climate Change Policy, Carbon Finance and Trade-Exposed Industries," American Association of Exporters and Importers, June 2009
Speaker, "Climate Change Regulation and Carbon Finance Transactions," National Association of Regional Councils 2009 Annual Conference, February 2009
Speaker, "Understanding the Essentials of Carbon Trading," The Commonwealth of Virginia Energy and Sustainability Conference, September 2008
Speaker, "Climate Change Litigation," Carbon Finance World 2007, September 2007
Boiler MACT: Now What?, January 13, 2012
Energy Efficiency = BACT, November 12, 2010