COSTINESCU EDMAN LLP
Carl Folke Henschen Edman
Carl Folke Henschen Edman is an experienced appellate litigator and FERC attorney who focuses on the design and implementation of competitive markets for electricity and natural gas. Prior to founding Costinescu Edman LLP, Carl accumulated over 11 years of experience at major law firms with leading FERC practices.
Carl is a graduate of the University of California, Irvine, where he graduated first in his class after less than two and a half years with a summa cum laude degree in Physics and having passed doctoral examinations. From there he went on to attend graduate school in theoretical physics at Princeton University, where he passed both the preliminary and final doctoral examinations. He was awarded his law degree magna cum laude by Georgetown University, where he also served as a senior editor of the Georgetown Law Journal. He then served as a law clerk for the Chief Judge of the United States Court of Appeals for the Sixth Circuit, the Honorable Danny Boggs.
Carl Edman is licensed to practice law in New York and the District of Columbia. He is a member of the Bars of New York State, the District of Columbia, the United States Courts of Appeals for the Fourth, Sixth, Ninth, and D.C. Circuits, and the United States Supreme Court.
• Represented coalitions in both ISO-NE and PJM in major FERC cases resulting in reform of market-power mitigation against strong opposition from market participants; principal drafter of multiple briefs and motions in each case dealing with the economics of buyer-market power and other issues
• In the largest market manipulation claim brought by FERC and CFTC — which, when originally made public by agencies, had caused a $2 billion drop in market capitalization of the client, a Texas-based natural gas trader and shipper — drafted multiple briefs and assisted with settling claims on the eve of trial for approximately 1% of the initial market cost estimate
• Defended a Canadian public utility in the first major market manipulation claim investigated by FERC, drafted principal and economic arguments in defense of the client, resulting in FERC's dropping the investigation without penalty; advised the same utility on several other potential market rule and market manipulation issues
• Participated in the defense of several other natural gas and electricity market manipulation claims against utilities, suppliers, and traders investigated by FERC
• Assisted with, and drafted briefs in the transition of a major Midwestern vertically integrated utility from MISO to PJM; provided advice for transition into MISO of a major Southern vertically integrated utility
• Advised on federal court trial complaints, briefs, and motions on behalf of several distribution utilities denied cost recovery as guaranteed under the Federal Power Act ("FPA") and Nantahala Power & Light Co. v. Thornburg, 476 U.S. 953 (1986), and successors
• Drafted briefs and motions on energy-related matters to the U.S. Courts of Appeals for the D.C. Circuit and Fifth Circuit; principal drafter of a brief that contributed to the opposition's withdrawing all claims one week before oral argument
• Principal associate on a substantial Ninth Circuit case by alternative energy suppliers against the Bonneville Power Authority ("BPA")
• Performed quantitative economic and legal analysis in connection with a CFTC investigation of interest rate trading by a major international financial institution
• In a variety of the aforementioned and other cases was the principal liaison to many leading economic experts, translated economic concepts into legal language, and helped to reconcile differences and achieve compromise satisfactory to clients, economists, and lawyers
• Principal associate for several successful FERC applications under FPA Section 203.
• Drafted financial institutions’ successful applications for FERC grants of market-based rate authority and other purposes
• Worked closely with economists and foreign counsel to help gain antitrust approval for several mergers and acquisitions of global significance
• Principal associate for underwriters of complex antitrust due diligence on $2.5 billion IPO of a major financial institution
• Principal associate for more than twenty-five structured finance transactions for most major financial institutions amounting to over $25 billion in total
Carl Edman also:
• Served as senior executive at legal technology company that applies machine-learning technology to the interpretation of bulk contracts and the automation of legal processes; clients include a variety of businesses ranging from small single proprietors to major enterprises seeking to lower costs and increase the breadth of legal services
• Drafted chapters and edited a new edition of the Skadden Energy Compliance Manual
• Hired and supervised large (100+) teams of contract attorneys for several large-scale commercial litigations, Hart-Scott-Rodino Act second requests, enforcement actions, and internal investigations
• Wrote and filed briefs and documents pro bono in asylum and holocaust compensation cases.
• New York
• District of Columbia
• United States Supreme Court
• United States Courts of Appeals for the Fourth, Sixth, Ninth, and D.C. Circuits
Carl Edman is not licensed and does not practice law in any other jurisdiction
• University of California, Irvine, BA, Physics (Summa cum laude) 1992
• Princeton University, ABD, Physics 1997
• Georgetown University Law Center, JD (Magna cum laude) 2002
• Law Clerk for Hon. Danny Boggs, Chief Judge of the U.S. Court of Appeals for the Sixth Circuit (2002-2003)
• Cleary, Gottlieb, Steen & Hamilton LLP (2003-2007)
• Skadden, Arps, Slate, Meagher & Flom LLP (2007-2014)
• Advisor to a variety of clients on issues relating to energy law and policy, economics, and related information technology matters (2014-)
• Contract Wranglers, Inc., Director of Data Science (2016-)
• Economics, mathematics, physics, history, computer science, politics and other trivia