Energy Networks

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CMS are expertly placed to advise energy network operators across projects, transactions and regulatory advice. We have acted on every M&A transaction in the GB energy networks sector in the last 15 years, as well as a number of the recent acquisition and disposals of water companies. This gives us unrivalled experience and insight into M&A transactions in this asset class. 

Our recent experience related to energy networks includes advising:

  • Cadent Gas, the UK’s largest gas distributor and owner of four of the UK’s eight gas distribution networks, on the RIIO-GD2 price control, one of the highest profile energy regulatory instructions in the UK today. RIIO is the form of price regulation for GB energy networks and this is only the second price control review round.  
  • A bidder on a place on SHE Transmission’s framework for the design and construction of substations to form part of the electricity transmission network in Scotland.
  • Pivot Power in relation to the further development of its multi-GW portfolio of battery storage projects and related private distribution network, both in terms of contracting arrangements, connection agreements and regulatory advice.
  • A European transmission system operator on regulatory and legal implications for the gas network of hydrogen transmission and conveyance on the gas network.
  • ERM on regulatory and consenting matters relating to its Dolphyn (Deepwater Offshore Local Production of Hydrogen) project for the production of ‘green' hydrogen at scale from seawater by using electrolysis powered by floating, offshore wind turbines and exporting the hydrogen for use in the gas networks.
  • SSE Energy Networks on its response to Ofgem’s consultation on the application of the “SPV” model.
  • Arcapita on its bid to acquire Electricity North West as part of a competitive auction process.
  • Viridian on the sale of Northern Ireland Electricity (NIE), the owner of the transmission system in Northern Ireland, and owner and operator of the distribution system.  

To find out more about other related services you can visit the Energy & Climate Change expertise section

"They do not waste time on unnecessary activity, but focus on the client request and execute it."

Legal 500, 2021

"CMS are experts in oil and gas, they provide local advice but are also able to draw on particular specialist expertise from elsewhere in their organisation when required."

Legal 500, 2021

"Experts in their field. They worked seamlessly with our in-house legal and business teams – including on strategic presentations to the board. They have provided business appropriate, strategic advice under time pressure."

Legal 500, 2022

"The CMS team, has a can-do attitude, providing a balanced and considered opinion to get deals agreed."

Legal 500, 2022


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