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Steven F. Greenwald

Steve Greenwald’s practice has focused for more than 35 years on energy transactional, regulatory, and dispute resolution matters at the state and federal levels. He assists clients with acquisitions and dispositions of regulated assets, power purchase and sale agreements, debt and equity financing obtaining regulatory approval for the acquisition and disposition of utility assets and power purchase agreements, and utility rate and certificate proceedings. Steve's clients include solar, wind, geothermal, biomass, and natural gas power projects and financing parties; investor-owned and municipal electric utilities and oil pipeline companies; independent power producers and large electric consumers.

Steve's clients include: Liberty Utilities (CalPeco Electric) LLC, Calpine Corporation, Imperial Irrigation District; Liberty Utilities (Park Water) Corp., and South San Joaquin Irrigation District.

Representative Experience

Regulatory - renewable energy

Representing Liberty Utilities (CalPeco Electric) LLC in obtaining regulatory approval for innovative purchase of 50 MW solar project combining utility tax equity financing and cost of service ratemaking. (Ongoing)

Regulatory - electric

Representing Liberty Utilities (CalPeco Electric) LLC in 2013 and 2016 general rate case applications and other rate request applications. (Ongoing)

Mergers & acquisitions for Liberty Utilities Co.

Obtained California regulatory approval for acquisition for Liberty Utilities (Park Water) Corp. and Liberty Utilities (Apple Valley Ranchos Water) Corp., each a Class A California regulated water utility.

Mergers & acquisitions for Chevron Oil Pipe Line Company

Obtained the California regulatory approvals necessary for the sale of Chevron’s California regulated oil pipeline assets. (2016)

Regulatory - electric transmission

Representing Liberty Utilities (CalPeco Electric) LLC in obtaining regulatory authority to upgrade major transmission line in the Lake Tahoe California area. (Ongoing)

Negotiations of power purchase agreements

Representation of Imperial Irrigation District in negotiating solar and geothermal power purchase agreements with Ormat Corporation, 8Minute Energy, and CalEnegy LLC. (Ongoing)

CPUC rate proceedings - oil pipeline

Representing Chevron Pipe Line Company in rate and other proceedings before the California Public Utilities Commission. (Ongoing)

Regulatory - electric for Calpine Corporation

Representing various qualifying facilities and other generators owned by Calpine Corporation in regulatory proceedings, commercial negotiations and disputes. (Ongoing)

Regulatory - electric

Regulatory counsel through numerous acquisitions and financings of wind, solar, biomass, and geothermal generating facilities. (Ongoing)

Regulatory - electric

Representing several renewable energy producers in various proceedings before the California Public Utilities Commission relating to rules for eligibility for participation in California Renewable Portfolio Standards program and in having associated power purchase agreements approved by Commission. (Ongoing)

Renewable energy

Providing advice to geothermal generators operated by Calpine Corporation in the Geysers Geothermal Area in Northern California with respect to commercial matters, disputes, and regulatory issues. (Ongoing)

Financing - renewable energy

California counsel for Department of Energy in providing over $1 billion in financing for major solar project being constructed in California. (Ongoing)

Financing - renewable energy

California counsel for tax equity investors in financing of wind energy project in California involving "contract for differences" commercial arrangements. (Ongoing)

Negotiation of power purchase agreements

Representation of Liberty Utilities (CalPeco Electric) LLC in negotiation of full requirements and renewable power purchase agreement with NV Energy and in obtaining regulatory approval. (2015)


Successfully represented power seller in mediation seeking an increase in greenhouse gas emission credit payments from California utility purchaser. (2014)

Mergers & acquisitions for City of Hercules

Lead counsel in sale of Hercules Municipal Utility including negotiation of asset purchase agreement and in obtaining regulatory approval authorizing the sale. (2013-2014)

Mergers & acquisitions for AltaGas Renewable Energy Colorado LLC

Mergers & acquisitions, representing AltaGas Renewable Energy Colorado LLC in its $25 million investment in 29 MW wind generation facility in Huerfano County, Colorado. (2012)

Negotiation of power purchase agreements

Representation of Kern River Cogeneration Company and Sycamore Cogeneration in negotiating various power purchase agreements resulting from California Combined Heat and Power solicitations. (2012)


Successfully defended power seller in mediation against purchasing utility relating to power seller’s response to utility request for offers to sell power. (2012)

Mergers & acquisitions for Algonquin Power & Utilities Corp.

Formed a new investor-owned electric utility, Liberty Utilities (CalPeco Electric) consisting of electric utility assets (in the Lake Tahoe area of California). Representation included the negotiation of asset purchase agreement and other key transaction documents for Liberty and also obtaining federal and state regulatory approvals. (2011) Read more

Professional & Community Activities

  • Board of Directors, Power Association of Northern California, 2000-2003

Professional Recognition

  • Received the "H. Stewart Tremaine Award for Exemplary Team Work," Davis Wright Tremaine, 2016 
  • Named one of "America's Leading Lawyers for Business" in Projects & Energy: State Regulatory & Litigation (California) by Chambers USA, 2003-2017; Received "Band 1" ranking, 2007-2017
  • Named one of the "Best Lawyers in America" in Energy Law and Energy Regulatory Law by Best Lawyers, 2007-present
  • Selected to "Northern California Super Lawyers," Thomson Reuters, 2004-2017
  • Awarded "2013 Top Rated Lawyer" in Energy, Environmental, & Natural Resources by American Lawyer Media and Martindale-Hubbell  
Recognized by Chambers USA – Chambers and Partners
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