Overview
With a broad transactional practice focused on energy and infrastructure, Bradford McCormick advises clients on strategic cross-border and domestic investments, acquisitions and dispositions, debt and equity financing transactions and complex contractual arrangements.
Bradford regularly represents sponsors, investors, private equity funds and their portfolio companies, lenders, developers and other parties in the development, financing, construction, operation, acquisition and sale of energy and infrastructure projects, including:
- renewables;
- energy storage;
- nuclear;
- natural gas and oil generation and transportation;
- cogeneration and district heating and cooling;
- electric transmission and distribution;
- waste-to-energy and solid waste management;
- biofuels;
- water and wastewater;
- transportation; and
- advanced manufacturing.
Bradford has counseled clients in all phases of the project life cycle, up through and including exits, and has advised bidders and proponents with respect to public-private partnership (P3) transactions. He has experience with numerous financing structures, including tax equity, tax credit transfers, bank financing, agency financing, debt private placements, and joint ventures.
Bradford also represents corporate borrowers and issuers, private equity sponsors and their portfolio companies, financial institutions, and direct lenders in corporate finance transactions in the energy industry and other industries, including acquisition financings, working capital and letter of credit facilities, recapitalizations, refinancings, and debt private placements.
- New York
- J.D., Columbia Law School, 2008
- B.A., Loyola University, Maryland, 2004, magna cum laude
Areas of Work
Representative Matters
Project Development and Finance
- Represented a US-based renewable energy and storage sponsor on development, construction, operation and financing matters, including joint venture structuring, for multiple proposed solar, energy storage and mini-grid projects in Southern Africa, West Africa and Eastern Europe, with aggregate proposed investments in excess of $3 billion.
- Represented LUMA Energy, a consortium of Quanta Services and Canadian Utilities, as successful bidder to operate and maintain the electric transmission and distribution system of the Puerto Rico Electric Power Authority, and continue to represent LUMA in ongoing operational and transactional matters.
- Represented Vantage Infrastructure, a leading independent specialist infrastructure credit fund manager, in its structuring and closing of an $85 million credit facility for a newly-formed special purpose vehicle (SPV) affiliate of FlashParking, an industry-leading provider of end-to-end parking technology, including electric vehicle (EV) charging station infrastructure.
- Counseled a West African electric utility, as offtaker and minority equity owner of a gas-fired combined cycle power plant, in connection with ongoing contractual and operational matters.
- Advised a Korean industrial conglomerate in connection with project development matters in its joint venture with a US-based automobile manufacturer to build three advanced electric vehicle battery manufacturing facilities in the United States, and in connection with the negotiation of a proposed U.S. Department of Energy loan to partially fund construction.
- Counseled a global semiconductor manufacturer in connection with project development matters for a proposed multi-billion dollar manufacturing facility in the United States intended to be funded in part by a federal grant (under the CHIPS and Science Act of 2022) and state incentives.
- Represented a US independent power producer (IPP), in its capacity as the operator of an airport-located gas-fired cogeneration and district heating and cooling facility, in connection with the negotiation and drafting of a master EPC contract and multiple equipment and services supply contracts for planned upgrades.
- Represented a US producer of consumer hygiene products with respect to a strategic partnership and offtake and engineering documentation for plant upgrades to support production of high-quality ethanol for its supply chain.
- Represented the arranger, agent, issuing bank and lenders in a first of its kind project financing of a portfolio of behind-the- meter battery storage systems located at host sites in Southern California Edison’s service area.
- Represented a private water utility in the structuring and negotiation of a $1.2 billion, 20-year agreement to manage, operate, and maintain a large municipal wastewater system in the northeastern US.
- Represented the sponsor in a $310 million tax equity and construction/bridge loan financing of a 238 MW solar generation project in Texas.
- Represented an investor-owned utility as sponsor in a $245 million tax equity financing of a 198 MW wind generation project in Oklahoma.
- Represented a US private equity sponsor and its South African portfolio company in the development and project financing of a wind farm and two solar energy facilities in South Africa.
- Represented an investor-owned utility as sponsor in a private placement of $150 million of senior secured notes and the establishment of a letter of credit and working capital facility to finance a 256 MW portfolio of seven wind and solar power generation projects located in five US states.
M&A
- Represented Cameco Corporation in its acquisition, with Brookfield Renewable Partners, of Westinghouse Electric Company, a leading global nuclear technology and fuels company, in a deal valued at $7.875 billion. The transaction was recognized as 2024 Americas Market Impact Deal of the Year – North America by IJInvestor.
- Represented a US manufacturer on its first acquisition of transferable investment tax credits, from a standalone battery energy storage project in Texas.
- Represented a global energy storage developer, manufacturer and installer in its sale of an operational 100 MW standalone battery energy storage project in Texas.
- Represented a global energy storage developer, manufacturer and installer in its acquisition of two 125 MW battery energy storage projects under development in Texas.
- Represented a US private equity sponsor and its South African portfolio company in its sale of a wind farm and two solar energy facilities in South Africa to a publicly traded US sponsor.
- Represented an investor-owned utility in the auction sale of an 800 MW gas-fired combined cycle power plant in the northeastern US.
- Represented an energy trading company in the auction sale of an 82 MW gas-fired combined cycle power plant in the northeastern US.
- Represented an investor-owned utility in the auction sale of a contractor specializing in construction and maintenance of underground high voltage transmission cable and distribution infrastructure for electric utilities.
- Counsel to a global telecommunications company in connection with its $345 million sale of a national Argentine broadcast network and major producer of Spanish-language video content.
- Represented an investor-owned utility in the proposed auction sale of a 1,400 MW gas-fired combined cycle power plant in the northeastern US.
- Represented an investor-owned utility in the proposed auction sale of a 750 MW gas-fired combined cycle power plant in the southeastern US.
News & Publications
Press Releases
Steptoe Represents Vantage Infrastructure as Lender in $85 Million Credit Facility for Flash
September 11, 2024
Press Releases
March 11, 2024
Professional Affiliations
- American Bar Association, Business Law Section
- Energy Bar Association