Carlos E. Clemente

Primary Focus & Experience

Mr. Clemente focuses his practice on both transactional and litigation work in the energy regulatory space. Mr. Clemente has experience representing a wide range of clients in the energy sector, including entities involved in markets for electric power, crude oil and petroleum products, natural gas and liquefied natural gas.

Mr. Clemente represents clients in proceedings before the Federal Energy Regulatory Commission (FERC), various state public utilities commissions, and federal and state appellate courts in a broad range of matters, including rate, interconnection and transmission-related matters, RTO/ISO market rules, North American Electric Reliability Corporation compliance, enforcement investigations, cross-border matters, jurisdictional matters, and general compliance with the Federal Power Act, the Natural Gas Act, the Interstate Commerce Act, and FERC’s rules, regulation, and policies implementing those statutes. 

His recent representations include:

• Electric utilities in administrative litigation involving rate, jurisdictional matters, and integration into a regional transmission organization.
• Various sponsors of, and lenders to, electric generation, transmission, and storage projects; as well as LNG, oil and gas pipeline projects in financing and M&A transactions.
• LNG project developers, pipeline, and storage companies on required energy regulatory approvals, and related matters.*
• Blackstone Credit & Insurance as leader of a $7 billion investment in Sempra Infrastructure Partners’ Port Arthur LNG Phase 2.
• Blackstone Credit & Insurance on $3.5 billion midstream joint venture with EQT involving natural gas pipeline and storage infrastructure assets.
• The lenders in connection with the financing of a portion of Apollo’s acquisition of Eagle Creek Renewable Energy, owner and operator of 85 hydroelectric facilities totaling nearly 700 MW.
• The lenders in connection with the financing of Brookfield’s investment in a 19.7% non-controlling equity interest in Duke Energy Florida for $6 billion.
• Summit Utilities Holdings, LLC in connection with the financing to support their operations across Arkansas and Oklahoma.
• MUFG Bank, Ltd. in connection with the financing of the acquisition of 100% of the membership interests of Golden Triangle Storage and Central Valley Gas Storage, which own salt cavern gas storage facilities and two gas storage reservoirs, respectively.
• Energy Capital Partners, LLC in connection with the $4 billion purchase and subsequent sale of natural gas generation assets in the PJM region.
• The lenders on Brookfield’s up to $5 billion strategic partnership with Bloom Energy.
• AustralianSuper in connection with DataBank’s $2 billion equity raise led by AustralianSuper.

*Matter completed prior to joining Milbank

Recognition & Accomplishments

Mr. Clemente received his B.A. and MBA from the University of Puerto Rico, and his J.D. from American University. Mr. Clemente’s practice has been recognized in Best Lawyers’ Ones to Watch for Energy Law (2023-2026).