Thomas Lynn Allen

Prior to joining Ankura, Lynn led the strategic planning practice at the Houston-based energy consulting division of Black & Veatch, serving public- and investor-owned utilities across the US. He previously advised energy and power industry clients at a boutique advisory and other consulting firms. He began his career in-house at energy and power companies, working in a variety of financial, commodity, and business development roles.

Lynn’s professional experience also includes:

• Power-Purchase Agreement Negotiations, Utility: Represented an integrated investor-owned utility with structuring, negotiating, and executing a $900 million, multi-year, full requirements agreement supporting a transmission and distribution acquisition and subsequent bond financing.
• Procurement Advisory, Municipal Clients: Directed the procurement process for a large waste-water commission, evaluating existing hedges and positions, developing the scope for an energy supply manager role, and leading the request for proposal process. Lynn also directed the evaluation of a multi-year energy-supply procurement process for a large client in the Electric Reliability Council of Texas (ERCOT), providing structuring and pricing expertise as well as negotiating and contract development services.
• Mergers and Acquisition Advisory, Energy Services: Managed due diligence in the $2.5 billion acquisition of an interstate pipeline and production gathering services company in the Western US, efforts that included the evaluation of environmental, safety, and logistical components.
• Integrated Resource Planning, Investor-Owned Utility: Directed a groundbreaking, comprehensive plan involving analysis, compliance and filing, and testimony for a Fortune 100 client. Lynn’s plan incorporated contemporary risk analytics and valuation techniques into the long-term generation supply strategy, efforts that results in regulatory commendation and approval.
• Generation Strategy, Investor-Owned Utility: Advised a leading Midwest integrated utility client with the development of a comprehensive asset management strategy encompassing over 12,000 MW of generation assets.
• Marketing Strategy, Pacific Rim Multinational: Developed and implemented a structured products plan for the client’s entry into the US power market, leading to $1.5 billion in investments.
• Refinancing, US Renewable Energy Developer: Directed basis hedging and product structuring for the refinancing of multiple renewable-generation assets in Midcontinent Independent System Operator (MISO) and ERCOT.
• Business Strategy and Acquisition Advisory, European Integrated Gas Company: As commercial team lead, directed and supported initiatives for the entry into the US market, including the acquisition of 1,300 MWs of power generation assets utilizing conventional and structured financing instruments.
• Business Development, Independent Power Producer: Director of business development for a US independent power producer, responsible for all commercial efforts supporting energy management, hedging, and asset optimization initiatives directly impacting P&L and operations.
• Energy Marketing, Wholesale Energy Supplier: Director of power marketing and deal origination for a leading wholesale energy company in the Midwest region – originated, structured, and executed multi-year commodity transactions including full-requirements supply, options, PPAs, and tolls contributing to a $35 million annual departmental earnings budget.
• Portfolio Optimization, Investor-owned Utility: Advised a leading Midwest utility with the acquisition of large retail utility load obligation through developing a comprehensive framework for evaluating optimal energy supply alternatives within a quasi-regulated market environment.
• Commodity Pricing and Structuring, Wholesale Trading Company: Managed the commodity structuring and pricing desk for a major wholesale energy trading company supporting power marketing, business development, M&A, risk, and trading functions – structuring of over 160 million MW hours of executed physical and financial commodity transactions.
• Advisory Services, Independent Power Producer Arbitration: Represented lead advisory to unsecured creditors in managing operational and financial due diligence during arbitration of multiple tolling agreements contracted on generation assets in PJM and ISO-NE.
• Advisory Services, Unsecured Creditor Committee: Represented unsecured creditors’ committee for PG&E’s National Energy Group during their first bankruptcy in the early 2000s – key responsibilities included establishing commodity liquidation values/metrics and providing oversight to ensure the liquidation process and transaction results aligned with expectations. Initiatives included advisory and analytical services for disaggregating/isolating specific risk components, valuing positions and contracts, and assessing market depth and liquidity for efficient liquidation.