Catherine Krupka advises commodities trading companies, including financial services companies, energy marketers and asset owners, on compliance and enforcement, agency regulation and business transaction issues arising from trading physical and financial power, natural gas, emissions, crude and refined products.
Head of the power regulatory practice, Catherine represents market participants in audits and investigations before the Federal Energy Regulatory Commission (FERC), Commodity Futures Trading Commission (CFTC), North American Electric Reliability Corporation (NERC), Department of Energy (DOE), Public Utility Commission of Texas (PUCT) and other state agencies and public utility commissions. She conducts internal investigations, responds to agency inquiries and negotiates the resolution of audit and investigatory matters related to power, natural gas, crude oil and liquids. She has worked extensively on implementation and impact of rulemakings of the Dodd-Frank Act. She also assesses internal practices and implements compliance programs related to market manipulation, position limits and reporting, transaction and price reporting, greenhouse gas and other emissions reporting, document retention, interlocking officer and director positions, regional reliability standards, DOE efficiency standards and the Public Utility Holding Company Act.
Catherine advises clients on energy transactions, including mergers, company and asset acquisitions/dispositions, energy/asset management and tolling arrangements and transmission and scheduling services agreements. She manages due diligence for all types of energy transactions, including regulatory due diligence, and advises on the regulatory obligations associated with acquisitions/dispositions, including FERC approvals and jurisdictional waivers.
Catherine helps establish trading organizations, from companies growing their business from within to those integrating an acquired trading business. In this capacity, she advises on the requirements necessary to enter into and participate in the wholesale energy markets, including market-based rate authorizations, DOE import and export licenses, qualifying facility certifications and state registrations.
Awards and Rankings
Recognized by The Legal 500 United States in the area of energy: regulatory (2015)
Recognized by Fortnightly as a Top Utility Lawyer of 2011
Recognized by Chambers USA: Guide to Leading Business Lawyers in the area of electricity regulation and litigation (2010-2015)
Selected for inclusion in Washington, DC, Super Lawyers® (2013-2015)
Member, Federal Energy Bar Association
Member, Law and Compliance Division, Futures Industry Association
Member, Women’s Council on Energy and the Environment