Practice Focus

Turner Commodities Law, PLLC is focused on the commercial and corporate needs of energy and commodities market participants. The practice is built around how decisions are actually made — on trading desks, in risk, in treasury, and in the boardroom — and aligns documentation, risk management, and strategy with those realities.

Energy & Commodities Trading

• Physical and financial trading in power, natural gas, LNG, NGLs, crude, refined products, and renewables.
• Supply, offtake, tolling, and optimization structures for generators, retailers, and industrials.
• Structuring and documenting transactions in organized markets and bilateral settings.
• Integration of commercial, credit, collateral, and regulatory requirements into trading strategies.

Derivatives & Risk Management

• ISDA, EEI, NAESB, and bespoke master trading agreements for physical and financial products.
• Options, swaps, forwards, basis and spread products used to manage price and volumetric risk.
• Margining, collateral, and netting structures that reflect both trading and liquidity constraints.
• Governance and documentation supporting risk limits, stress testing, and margin call procedures.

Corporate & Structured Transactions

• Mergers, acquisitions, and divestitures involving trading businesses, generation assets, and midstream infrastructure.
• Structured finance and prepay transactions linking physical commodity flows with funding needs.
• Joint ventures and strategic alliances among traders, generators, midstream companies, and industrials.
• Commercial contracts that support long-term investment and trading strategies across the enterprise.
• Wide range of documentation and commercial contracts for energy transactions -- e.g., NDAs, non-circumvention agreements, "finder's fee"/broker arrangements, LLC formation, dissolutions, bylaws, operarting agreements, etc.

Energy Transition & Renewables

• Virtual power purchase agreements (VPPAs) and other renewable power structures.
• Renewable energy certificates and environmental attribute monetization arrangements.
• Structuring transition-oriented products that connect conventional commodity portfolios with low-carbon goals.
• Advising on risk allocation, credit, and regulatory issues in emerging energy-transition markets.