AB 825 and New California Energy Laws: Counseling Risks and Opportunities

California's 2025 statute AB 825 establishes the framework for converting CAISO-administered markets toward an independently governed regional day-ahead market. The statute outlines governance requirements, safeguards to California climate policies, a target timeline concluding within the decade, and avenues to participate or withdraw. AB 825 changes the market and governance context. Understanding and adapting to the new landscape will inform change-in-law clauses, exit mechanics, and how counsel brief clients on timing, governance, and regulatory approvals that could affect finance and deal structure.

The expert panel will examine where clients face participation choices and procurement timing, how to adjust contracting under change-in-law (withdrawal, curtailment, and delivery flexibility), and ways to manage risk as market design evolves.

Listen as our panel discusses the decision points, risk indicators, and practical approaches counsel can use to brief clients, shape legal agreements, and manage exposure while the new framework emerges.