Troutman Pepper Locke Advises Tailwater Capital on Private Equity Investment in Natural Gas Storage Platform
INDUSTRY
Energy + Infrastructure
From navigating unexpected challenges to evaluating new opportunities, we help market leaders and innovators succeed.
Leading the Energy Evolution
Leading the energy evolution
Troutman Pepper Locke offers a solution-oriented, execution-driven, and nationally recognized team of 220+ energy lawyers representing clients on their most important and complex matters throughout the United States and beyond. Energy is a key vertical and center of excellence within our firm. Our team has received numerous accolades, including being named “Practice Group of the Year” by Law360 and “Law Firm of the Year” for Energy Law by Best Law Firms®. We are ranked nationally by Chambers USA and The Legal 500 guides for our work in transactional, regulatory, and litigation matters, and recognized by the IFLR1000 for M&A, Project Development: Energy, and Project Finance.
Whether clients are seeking advice regarding electric power, oil and gas, or emerging technologies, our cross-discipline team is equipped to handle any related matters, drawing on the depth of our knowledge in the market. Our clients are predominantly electric utilities, independent power producers, banks, upstream and midstream natural gas companies and service companies, private equity funds, and other large corporations.
Our team offers full-service capabilities in every discipline relevant to the industry, including project development and finance, mergers and acquisitions, tax, joint ventures, private equity, litigation, regulatory, environmental, capital markets, and real estate. We also have a strong infrastructure practice related to energy projects, transportation, water, and storage/terminaling projects.
Core service areas include:
- Cutting-edge finance experience: Our experience includes syndicated and single lender credit facilities, exploration and production financings, leveraged and acquisition financings, project financings (tax equity and debt), mezzanine and high-yield debt financings, and more.
- Robust transactional practice: We handle M&A, project development, and a broad array of commercial and operational agreements. Our lawyers are active in private equity transactions, representing funds, management teams, buyers, sellers, and lenders in all aspects of buyouts, portfolio operations, strategic initiatives, and exit transactions.
- Comprehensive energy regulatory practice: Our regulatory team brings decades of experience in federal and state energy regulation encompassing both conventional and renewable energy sources. We represent clients before the Federal Energy Regulatory Commission (FERC), U.S. Department of Energy, state public utility commissions, and other state and federal agencies, on myriad issues including rate cases, certificate proceedings, securing project authorizations and permits, navigating compliance and enforcement issues amongst other issues.
- Leading litigation experience: We handle energy-related disputes, including investigations, administrative hearings, arbitrations, lawsuits, appeals, and conflicts involving accounting, antitrust, breach of contract, environmental issues, joint ventures, patent infringement, pipeline disputes, regulatory issues, and more.
We pride ourselves on meeting the demands of a constantly evolving industry. We have handled matters whose outcomes have altered how energy is valued, distributed, stored, and sold, such as creating methodologies for valuing distributed generation and changing federal regulatory policy for grid-scale battery storage.
energy achievements
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Related Industries + Practices
- Commercial Real Estate Lending
- Conventional Power
- Electric Vehicle Technology + Sustainable Infrastructure
- Energy Construction
- Energy Policy + Legislation
- Energy Project Financing
- Energy Storage
- Energy Tax
- Energy Transition
- FERC
- Hydropower
- Inflation Reduction Act of 2022 – Energy Industry Implications
- Nuclear Decommissioning Tax
- Oil + Gas
- Renewable Energy
- State Energy Regulation
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Speaking Engagements
PFAS for Decision Makers: Managing PFAS Risk in Today’s Deals – While Preparing for What’s Next
August 27, 2026 | 12:00 PM – 1:00 PM CT
Webinar
Articles + Publications
Grid Lockout: FCC Bars Foreign-Produced Power Inverters From the US Market
August 10, 2026
Articles + Publications
Polysilicon Under Pressure: New Section 232 Tariffs Reshape Solar and Semiconductor Supply Chains
August 7, 2026
Press Coverage
NRG Nears 1.2-GW Hyperscaler Deal Amid Texas Data Center Pause
August 6, 2026
Battery + Storage Podcast
Troutman Pepper Locke energy attorneys sit down with battery energy storage professionals from across the industry. The podcast shares the perspectives of industry veterans and thought leaders as they discuss how energy storage technologies are being developed, financed, and deployed in today’s power markets.
Where high performance talent meets high touch legal service
Consistently recognized as a leading service provider to all segments of the energy industry.
National Rankings in All Energy Areas
Chambers Global and Chambers USA
2X Recognized
Energy Law Firm of the Year – Best Lawyers/Best Law Firms
Top Tier National Rankings
Legal 500
Tier 1 National Ranking in Energy Law
Best Lawyers 2014-26
#1 Energy Law Firm of the Year
Law360 2021
Winner E&P Upstream Deal of the Year
ACG Houston 2023








