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Tia S. Barancik

Special Counsel

Tia S. Barancik

Special Counsel
New York +1-212-558-4000+1-212-558-4000 +1-212-558-3588+1-212-558-3588
[email protected]
Tia Barancik is a member of Sullivan & Cromwell’s General Practice Group and serves as co-head of the Firm’s Power and Utility Group. She has over thirty years of experience advising U.S. and non-U.S. companies, private equity firms and financial institutions on the design and development of complex strategic M&A, investments, financings and credit transactions, with a particular emphasis on companies and transactions subject to regulation by the Federal Energy Regulatory Commission.
 
Ms. Barancik’s M&A transactions in the energy sector include Canada Pension Plan Investment Board in its $750 million pending investment in Aqua America, and in its acquisition from Enbridge of interests in North American and German renewable power assets; Connecticut Water Service in its $1.1 billion acquisition by SJW Group; G-I Energy Investments LLC in multiple investments in solar energy projects in the U.S. and Puerto Rico; TerraForm Power and TerraForm Global in their sale to Brookfield Asset Management and in connection with the SunEdison bankruptcy; Enbridge Inc. in its $43 billion acquisition of Spectra Energy Corp.; UIL Holdings, Inc., in its completed acquisition by Iberdrola S.A., its attempted acquisition of Philadelphia Gas Works and its completed acquisition of U.S. regulated gas assets from Iberdrola; Pepco Holdings Inc. in its acquisition by Exelon Corp.; Borealis Infrastructure Management (an arm of OMERS), and Ontario Teachers’ Pension Plan Board’s $1.49 billion sale of the Express Pipeline System to Spectra Energy; Southern Union’s merger with Energy Transfer; German power giant E.ON’s sale of its U.S. regulated holdings to PPL; Dynegy in its attempts to sell itself to The Blackstone Group and Icahn Enterprises; Canada Pension Plan Investment Board’s acquisition of Puget Energy (as part of a consortium of private investors); China Huaneng Group’s acquisition of Tuas Power from Temasek Holding; Scottish Power’s sale to Iberdrola; Israel Corp. and DS Constructions’ acquisition of a portfolio of Latin American power companies from Globeleq; E.ON’s acquisitions of gas utility Ruhrgas and British electric utility Powergen; Dominion Resource’s merger with Consolidated Natural Gas; National Grid’s acquisition of New England Electric System; United Water’s sale to Suez; and National Grid’s transmission joint venture with GridAmerica. In addition, she advised the official committee of unsecured creditors in Energy Future Holdings' Chapter 11 proceedings.
 
Her recent capital markets work includes representing the underwriters of NiSource Inc. in its 2010 common stock offering and advising Colbún S.A. in its 2010 note offering.
 
Ms. Barancik also has advised financial institutions and other energy market participants with respect to compliance matters involving their energy trading activities and in connection with the acquisition or disposition of energy trading businesses, physical assets and contracts and on specific energy industry and regulatory issues impacting credit decisions.
 
Ms. Barancik advises on energy legislation, regulatory reform efforts and the impact of ongoing FERC regulation of the conduct of business transactions in wholesale energy markets. She is recognized by Chambers Global and Chambers USA as one of the world’s leading energy and natural resource lawyers, by Best Lawyers in America for Energy, and by New York Super Lawyers for Mergers and Acquisitions and Energy & Natural Resources.
 
Prior to joining S&C, Ms. Barancik was a corporate partner in the New York office of Atlanta-based King & Spalding LLP, prior to which she had been a partner of LeBoeuf, Lamb, Greene & MacRae, LLP.