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Catherine (Cathy) McCarthy

Partner; Chair, Power & Renewables Regulatory Department at Bracewell

Washington, D.C.

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Why they matter

Top-ranked FERC-side power regulatory counsel; essential advisor on every transmission and large-scale renewable transaction with regulatory complexity.

Background

Chair of Bracewell's Power & Renewables Regulatory Department and Chair-Elect of the ABA's Infrastructure and Regulated Industries Section. 20+ years representing asset owners, developers, and investors in FERC and state regulatory matters. Ranked Band 1 by Chambers in Energy: Electricity (Regulatory & Litigation) and a Legal 500 Hall of Famer. Joined Bracewell in 2012 from Dewey & LeBoeuf; previously held positions at FERC. JD Georgetown, BA Yale.

Notable deals

  • 2024
    Continues to lead FERC compliance and rate-case work for transmission owners and renewable developers across the U.S.
  • 2024
    Recognized Band 1 by Chambers USA in Energy: Electricity (Regulatory & Litigation), the highest tier in the practice area.

Call-prep brief

Background

Cathy leads Bracewell's power regulatory practice from D.C. She's the lawyer transmission owners and renewable developers call when FERC compliance, transmission-incentive policy, or generator-interconnection process gets contested.

What she cares about

  • FERC Order 1920 (transmission planning) and Order 2023 (interconnection reform) implementation.
  • Energy-transition transactions where regulatory uncertainty drives deal-shape choices.
  • State PUC coordination with FERC, especially in PJM and MISO.

Sensitivities

  • Lawyer first. Won't share client-specific intelligence.
  • ABA leadership role means she's also a public-policy voice; expect measured commentary on hot-button items.

Questions to ask

  1. Where is Order 1920 implementation furthest along, and which RTOs are most likely to drag?
  2. How are transmission-incentive policies actually translating into IRR uplift for developers under current FERC posture?
  3. Which adjacencies (grid-enhancing technologies, storage, interconnection optimization) is she seeing get bankable in 2026?

Outreach draft

Subject
FERC Order 1920 and transmission economics
Ms. McCarthy, I lead infrastructure investing at [Firm]. Order 1920 implementation and the resulting transmission-economics shifts are central to our underwriting, and your view from the Bracewell seat is the highest-signal source we know of. Would you have 30 minutes for a regulatory-mechanics conversation in the next month? Best regards, [Your name] [Your firm]

Linked companies

Sources

Strongest evidencePage title2 public sourcesVerified2026-05-27How the grades work