James C.Beh (Jim)

Partner

Washington + 1.202.879.3430

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Jim Beh is an accomplished energy regulatory lawyer described by clients and peers as "a very creative and thoughtful lawyer" who "provides expert representation on complex energy and regulatory issues." He has over 30 years' experience representing electric utilities, power generators and other energy suppliers, renewable energy developers, natural gas distribution companies, private equity and institutional investors, and other market participants in regulatory litigation and compliance matters before the Federal Energy Regulatory Commission (FERC), state public service commissions, and federal courts.

Recently, Jim obtained FERC regulatory approvals for a series of transactions in which a large multistate electric utility raised a combined $3.4 billion in equity proceeds. This experience is part of a long career assisting clients in obtaining regulatory approvals for mergers, purchases/sales of generation assets, and other FERC-jurisdictional transactions. He also recently represented the principal shareholders of Pacific Gas & Electric Company in a series of California Public Utilities Commission (CPUC) and FERC regulatory proceedings related to the company's successful reorganization.

In the regional transmission organization/independent system operator (RTO/ISO) markets, he has litigated precedent-setting proceedings regarding competitive wholesale market design, including cases concerning the interconnection and integration of renewable resources, market price formation, resource adequacy, and capacity market design in California, New England, New York, and PJM.

Jim counsels utilities and competitive transmission developers undertaking new transmission investments and has obtained approvals for formula transmission service rates and rate incentives to support critical transmission investments. He has handled significant cases concerning cost responsibility for transmission system upgrades associated with new generation investment. Jim also has substantial experience representing clients on regulatory compliance matters and in FERC investigations and compliance audits.

Experience

  • Oncor Electric Delivery Company obtains $500 million revolving credit facilityJones Day represented Oncor Electric Delivery Company LLC, Texas's largest transmission and distribution electric utility, in connection with the establishment of a $500 million revolving credit facility with Wells Fargo Bank, National Association, as administrative agent.
  • The Potomac Edison Company completes $150 million private placement of First Mortgage BondsJones Day represented The Potomac Edison Company, an electric public utility subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with its private placement of $100 million aggregate principal amount of its 5.64% First Mortgage Bonds due 2028 and $50 million aggregate principal amount of its 5.73% First Mortgage Bonds due 2030.
  • TotalEnergies completes PIPE investment in NextDecade Corporation and investment in $18.5 billion Rio Grande LNG ProjectJones Day represented TotalEnergies in connection with its PIPE investment in NextDecade Corporation and investment in the Rio Grande LNG (RGLNG) Project, a planned natural gas liquefaction project in South Texas.
  • Oncor Electric Delivery Company obtains $150 million term loan facilityJones Day represented Oncor Electric Delivery Company LLC, Texas's largest transmission and distribution electric utility and the fifth largest in the United States, in connection with a $150 million term loan facility.
  • Oncor Electric Delivery Company obtains $625 million term loan facilityJones Day represented Oncor Electric Delivery Company LLC, Texas’s largest transmission and distribution electric utility and the fifth largest in the United States, in connection with a $625 million term loan facility with Toronto Dominion (Texas) LLC, as administrative agent.
  • Electric utility successfully resolves FERC investigation involving allegations of market manipulation and duty of candor violationsJones Day represented an electric utility investigated by FERC's Office of Enforcement for alleged market manipulation and duty of candor violations--referred to FERC by an RTO market monitor--involving the operation of several generation units.
  • Oncor Electric Delivery Company obtains $650 million credit facilityJones Day represented Oncor Electric Delivery Company LLC, Texas’s largest transmission and distribution electric utility and the fifth largest in the United States, in connection with a $650 million senior unsecured delayed draw term loan facility.
  • FirstEnergy sells $2.4 billion minority transmission stake to BrookfieldJones Day represented FirstEnergy Corp. in its $2.4 billion sale of a 19.9% equity stake in its subsidiary FirstEnergy Transmission, the holding company for FirstEnergy’s three regulated electric transmission businesses.
  • GenOn secures three-year extension of retirement deadline, after defeating CEQA challenges, for GenOn's Ormond Beach Generating StationJones Day represented GenOn Holdings, Inc. before various energy and environmental regulatory authorities in California to secure a three-year extension of a retirement deadline for GenOn's Ormond Beach Generating Station, and defeated two CEQA lawsuits filed by a local municipality and an environmental group seeking to set aside the regulatory approvals.
  • Oncor Electric Delivery Company obtains $1.3 billion credit facilityJones Day represented Oncor Electric Delivery Company LLC, Texas's largest transmission and distribution electric utility and the fifth largest in the United States, in connection with a $1.3 billion term loan credit facility.
  • FirstEnergy completes $1 billion Common Equity offeringJones Day represented FirstEnergy Corp. in connection with its $1 billion private placement of Common Equity to Blackstone Infrastructure Partners at $39.08 per share.
  • Oncor Electric Delivery Company obtains $2 billion sustainability-linked revolving credit facilityJones Day represented Oncor Electric Delivery Company LLC, Texas’s largest transmission and distribution electric utility, in connection with a $2 billion sustainability-linked revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent.
  • Targa Resources Partners executes long-term power purchase agreement to enable financing of 160 MWac project to procure solar energy to advance its long term sustainability strategy to reduce emissions intensityJones Day advised Targa Resources Partners LP on a long-term power purchase agreement to source renewable electricity from Concho Valley Solar, LLC to enable financing of a 160 MWac project to provide solar energy to Targa’s natural gas processing infrastructure in the Permian Basin in West Texas to advance its long term sustainability strategy to reduce emissions intensity.
  • KeyBanc Capital Markets Inc.-led group of sales agents establishes at-the-market equity program for sale of up to $150 million of Common Shares by Alexander & Baldwin, Inc.Jones Day represented a KeyBanc Capital Markets Inc.-led group of sales agents in connection with the establishment of an at-the-market equity program for the sale of up to $150 million of Common Shares by Alexander & Baldwin, Inc., a premier commercial real estate company located in Hawaii and owner of the largest grocery-anchored, neighborhood shopping center portfolio in the state.
  • Georgetown University announces partnership for comprehensive energy P3 agreement with ENGIEJones Day represented Georgetown University in connection with the negotiation and commercial close of a comprehensive energy P3 agreement with ENGIE.
  • Oncor Electric Delivery Company obtains $450 million term loan facilityJones Day represented Oncor Electric Delivery Company LLC, a regulated electric transmission and distribution service provider, in connection with a $450 million term loan credit facility with Wells Fargo Bank, National Association, as administrative agent and lender.
  • FirstEnergy subsidiary sold interest in New Jersey hydroelectric facility to Yards Creek Energy LLCJones Day advised Jersey Central Power & Light Company, a regulated utility and subsidiary of FirstEnergy Corp., a diversified energy holding company, on the sale of its 50% undivided interest in the Yards Creek Pumped Storage Hydroelectric Facility (the "Yards Creek Facility") to Yards Creek Energy LLC ("LS Power"), a subsidiary of LS Power Development, LLC.
  • Montauk Renewables completes IPO and dual listing in United States and South AfricaJones Day represented Montauk Renewables, Inc. in connection with its domestic initial public offering of Common Stock with a U.S. primary listing (Nasdaq: MNTK) and South African secondary listing (JSE: MKR).
  • GenOn seeks agency approval to continue power plant operationsJones Day is representing GenOn Holdings, Inc. in securing necessary approvals from California state agencies to continue operating its power generating plant at Ormond Beach, California in order to address electric system resource adequacy shortages identified by the California Public Utilities Commission.
  • Investors in Pacific Gas & Electric participate in regulatory proceedings related to catastrophic wildfire-related costsJones Day represented institutional utility company shareholders who own a substantial portion of the outstanding common equity of Pacific Gas & Electric Corporation in a series of regulatory proceedings before the California Public Utilities Commission that address the catastrophic wildfire-related costs that have led to PG&E's bankruptcy and the credit downgrades for other California investor-owned utilities.
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    July 2023 Alert

    FERC Affirms Expansion of its Affiliate Rules, Reflecting Greater Scrutiny Over Investments in Public Utilities

    November 2022 Alert

    FERC Signals Increased Scrutiny Over Affiliate Relationships

    October 2022 Alert

    Fifth Circuit Clarifies FERC's Authority to Address Natural Gas Market Manipulation

    August 2022 Alert

    FERC Proposes to Greatly Expand a Favorite Enforcement Tool—the "Duty of Candor" Rule—Across Its Jurisdictional Footprint

    July 2022 Commentary

    New NGL Pipeline and Renewable Generation Interconnection Settlements Highlight FERC's Expanded Enforcement Focus

    June 2022 Alert

    Biden Administration Proposes Universal EV Charging Standards

    September 2021 Alert

    FERC, NERC Outline Proposed New Reliability Standards Following the February Winter Storm

    September 2021 Alert

    FERC Approves New Cold Weather Reliability Standards

    August 2021 Commentary

    Speeding Toward an Infrastructure Bill: Analyzing the Infrastructure Investment and Jobs Act

    May 2021 Alert

    FERC's Latest Market Manipulation Case Shows Renewed Focus on Enforcement
    View All

    Speaking Engagements

    • September 13, 2012
      Executive Roundtable Series - Energy and Infrastructure:
      How Market Forces, Innovation, and Public Policy Are Shaping the Future

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