- Worked with joint action issuers in pioneering a transaction for the prepayment for long-term natural gas supplies from the proceeds of tax-exempt bonds, negotiating all necessary gas purchase agreements, surety arrangements, commodity hedging arrangements, interest rate swap arrangements and investment arrangements to achieve a long-term, firm, secure supplies of natural gas for joint action agencies serving local governments’ and utility districts’ gas distribution systems.
- Assisted issuers throughout the Southern states in joint action purchases of natural gas reserves and prepaid supplies as bond counsel, special tax counsel, gas counsel and issuer’s counsel.
- Advised a multi-state joint action agency comprising seven individual joint action agencies in five states in its formation, initial contracting and reserve acquisition financing.
- Served as bond counsel, issuer’s counsel, swap counsel and gas counsel in a wide range of transactions ranging from gas and revenue bonds and lease purchase financings to novel transactions in the public power and public gas industry for the financing of electric generation and transmission facilities and the acquisition of long-term gas supplies.
- Phone: +1 404 881 7891
- Email: della.wells@alston.com
For 30 years, Della has focused on assisting public utility companies through taxable and tax-exempt financing for their commodities.