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John Klauberg represents companies involved in high-level transactional matters in the utility and electric power sectors. He guides clients through mergers and acquisitions of regulated utilities; acquisitions and dispositions of power generation facilities and similar “utility-type” properties, as well as wholesale and retail electric and gas contract portfolios; and various types of joint venture arrangements in the power and energy sector, including matters involving both generation and electric transmission facilities. He currently serves as deputy practice group leader for the firm’s project finance, infrastructure & natural resources practice.
John regularly counsels on transactions involving regulated utilities and unregulated companies, including owners of competitive power generation assets, as well as power trading companies on both the wholesale and retail level. He also has been involved in transactions involving the purchase and sale of energy assets and contract portfolios arising from some of the largest bankruptcies and restructurings in the independent power sector, including Enron.
John also represents clients in renewable and distributed energy transactions—including acquisitions, divestitures, and structured transactions—with matters often involving long-term off-take arrangements with utilities or other traditional off-takers or with corporate purchasers.
Chambers and Partners’ Global and US guides, The Legal 500 US, and IFLR1000 consistently rank John as a leading lawyer in the energy transactions field. In 2016, Law360 named him an MVP of the Year for transactional work in the electric power area, one of only five attorneys nationwide to receive the honor. John frequently serves as speaker at the annual S&P Global Power & Gas Symposium, and at other energy industry conferences and seminars across the United States.
Before joining Morgan Lewis, John was co-chair of the power projects practice of a national law firm and previously was co-head of the utilities, power, and pipelines industry sector group of another global law firm.
Represented ENMAX Corporation in its $1.3 billion acquisition of Emera Maine, a regulated transmission and distribution utility in Maine, from Emera Inc.
Represented Hydro One Limited in its proposed $5.3 billion acquisition of Avista Corporation, a regulated electric and gas utility in the Pacific Northwest
Represented Great Plains Energy in its stock-for-stock merger of equals transaction with Westar Energy Inc., creating Evergy Inc., a company with a combined equity value of approximately $15 billion with nearly 13,000 MW of generation capacity and more than 51,000 miles of distribution lines
Represented Talen Energy Corporation in its $1.175 billion acquisition of MACH Gen LLC, the holding company of three large natural gas-fired power plants in New York, Massachusetts, and Arizona with a total capacity of over 2,500 MW
Represented Duke Energy Corporation in its $2.8 billion sale of its entire Midwest merchant generation business to a subsidiary of Dynegy Inc., which included ownership interests in 11 power plants with a total capacity of approximately 6,100 MW, as well as Duke’s competitive retail electric and gas business (Platts Global Energy Awards, 2015 Strategic Deal of the Year)
Represented Integrys Energy Group Inc. in its $300 million sale of Upper Peninsula Power Company, a regulated electric utility in the Upper Peninsula of Michigan, to Balfour Beatty Infrastructure Partners LP
Represented Basalt Infrastructure Partners in its joint venture with Enchanted Rock Ltd. for the development of over 100 MWs of MicroGrid projects in Texas
Represented Integrys Energy Group Inc. in its sale of its competitive retail electric and natural gas business, Integrys Energy Services Inc., to Exelon Generation Company LLC
Represented Integrys Energy Group Inc. in its sale of a portfolio of over 50 distributed solar projects to TerraForm Power LLC
Represented Duke Energy International in its $415 million acquisition of CGED Group's Iberoamericana de Energía Ibener S.A. subsidiary in Chile, including two hydroelectric generating assets with a combined 140 megawatts of installed capacity
Represented Great Plains Energy Inc. in its formation of Transource Energy LLC, a joint venture with AEP Transmission Holding Company LLC focused on developing competitive transmission projects in the United States, and the contribution of rights to two regional transmission projects to the venture
Represented Puget Sound Energy Inc. in its acquisition, development, and construction of over 700 MW of wind generating facilities
Represented Puget Sound Energy Inc. in its acquisition of the Ferndale Cogeneration Station, an approximately 270 MW dual-fired combined-cycle cogeneration facility in Whatcom County, Washington, from Tenaska Washington Partners LP
Represented Puget Sound Energy Inc. in its joint development agreement with RES Americas to jointly develop wind power projects in Washington state
Represented Direct Energy Services LLC in its $300 million acquisition of Strategic Energy LLC from Great Plains Energy
Represented Puget Sound Energy Inc. in its $120 million acquisition of the 275 MW Goldendale Energy Center from Calpine Corporation (via a bankruptcy process)
Awards and Affiliations
Recognized, Energy Law, New York, The Best Lawyers in America (2020)
Band 1, Energy: Electricity (Transactional), USA, Chambers Global (2020)
Band 1, Nationwide Energy: Electricity (Transactional), Chambers USA (2010–2020)
Ranked, Energy: Electricity (Transactional), USA, Chambers Global (2008–2019)
Ranked, Nationwide Energy: Transactional, Chambers USA (2009)
Ranked, Nationwide Energy, Chambers USA (2006–2008)
Leading Lawyer, Energy Transactions: Conventional Power, The Legal 500 US (2018)
Recommended, Energy Transactions: Conventional Power, The Legal 500 US (2016–2018)
Recommended, Energy: Renewable/Alternative, The Legal 500 US (2018)
Recommended, Mergers & Acquisitions (M&A) Large Deals ($1+ Billion), The Legal 500 US (2013–2016)
Recommended, Energy: Transactions, The Legal 500 US (2012, 2013)