Logo for print Skip to main content
Toggle navigation MENU MORE

About David

David Perlman represents and counsels clients in regulatory and compliance matters concerning the Federal Energy Regulatory Commission (FERC), Commodity Futures Trading Commission (CFTC) and state public utility commissions, energy-related transactions and financings, and in the establishment of compliance programs and training. His clients include utilities, commodities merchants, oil and gas pipeline companies, electric generators, energy marketers, industrial customers, generators, lenders and financial institutions and oil and gas producers.

David has held positions as chief counsel to Lehman Brothers commodity trading business, where he was responsible for legal, transactional and regulatory matters relating to the firm’s physical and derivative commodity businesses, and general counsel and chief energy counsel at Constellation Energy’s merchant and trading business.

He also served as a senior legal advisor in the Office of General Counsel of FERC, where he provided advice regarding complex legal, regulatory policy and legislative issues coming before the commission. These included matters related to Regional Transmission Organizations (RTO)/Independent System Operators (ISO), gas and electric market oversight, market-based rates and transmission. David was co-chair of the committee that created the EEI Master Power Purchase and Sale Agreement and continues as a committee member.

David Perlman is described by a client as an 'excellent lawyer with deep industry and government knowledge and experience.'
Chambers USA, 2017


Recent Notable Matters

Multiple energy companies — counsel in CFTC and Dodd-Frank Implementation Matters including Exelon and American Electric Power Company

Coalition of Physical Energy Companies (COPE) — counsel in CFTC and Dodd-Frank implementation matters

Edison Electric Institute, Electric Power Supply Association and other trade groups — draft comments on behalf of the clients in CFTC Dodd-Frank Rulemakings

Multiple energy companies — counsel in Dodd-Frank compliance

Multiple energy companies — assist in Commodity Pool matters

Multimember Group (including American Electric Power, Exelon & Shell Energy) — in PJM matters concerning market participation and other market restructuring issues

Financial institutions regulatory group — in FERC corporate securities proceedings

Large European banks — in Public Utility Holding Company Act of 2005 matters

Large trading organization — in FERC investigation in enforcement iInvestigation concerning RTO market

Large Investment Bank — in CFTC investigation in natural gas markets

Large bank — represent in an arbitration concerning tolling agreement

Publications and Speeches

“FERC Reconsiders Horizontal Market Power in Transactions,” Law360, September 2016.

“EPAct 2005: A Game Changer for Transmission?” Renewable Energy World, June 2016.

“Dodd-Frank/CFTC and new SEFs, SDRs, and DCMs: the Latest on Execution and Clearing of Swaps, Reporting Swap Data, and Trading Platforms and Venues,” American Conference Institute 9th National Forum on Energy Trading Compliance & Regulatory Enforcement, June 2014.

“Dodd-Frank: Actual Impacts On & Challenges to the Energy Market,” WSPP Spring Operating Committee Meeting, March, 2014.

“Responding to Regulatory and Criminal Investigations,” Energy Market Price Integrity: Policy Enforcement and Litigation, February, 2014.

“Swap Dealer Perspective - Engaging in Transactions with End Users after Dodd- Frank,” Edison Electric Institute, CFTC - Dodd Frank Compliance Forum, October 2013.

“Current Policy and Regulatory Issues” and “Development of Transmission and Electricity Commodity Markets,” Transmission Business School, Chicago, Illinois, June 2013.

“Swaps, Non-Swaps, Financial Entity and Beyond: Adapting to Statutory and CFTC Definitions,” American Conference Institute’s Energy Trading Compliance and Regulatory Enforcement Conference, June, 2013.

“Financial Entity Update,” Edison Electric Institute Contract Drafting Committee Meeting, February 2013.

Panelist, “Interconnection: NERC Compliance; TO/TOP (e.g., Cedar Creek Order); and Other Issues,” Electric Transmission in the West Conference, Portland, Oregon, March 23, 2012.

Panelist, “Commodities, Futures and Energy Issues,” SIFMA Compliance & Legal Society Annual Seminar, Miami, March 20, 2012.



University of Baltimore School of Law,
University of Maryland,

Bar Admissions

District of Columbia


EEI Power Contract Drafting Committee
Founding Co-Chair; Committee Member
Energy Bar Association
Chairman, Finance & Transactions Committee
University of Illinois, Transmission Business School



EPAct 2005: A Game Changer for Transmission? Part Two

June 28, 2016
Renewable Energy World North America

EPAct 2005: A Game Changer for Transmission? Part One

June 27, 2016
Renewable Energy World North America

Did Kraft manipulate futures?

October 21, 2015

FERC issues notice of alleged violations on up to congestion trades

September 22, 2014
Electric Light & Power Online

FERC confirms long reach of open access requirements

March 17, 2014
Electric Light & Power Online

CFTC-FERC agreements fail to meet hype

January 13, 2014
Energy Trader

How the Bank Lobby Loosened U.S. Reins on Derivatives

September 4, 2013
Bloomberg Businessweek Online

U.S. Regulators Set Vote on Which Companies are Swaps Dealers

April 17, 2012
Bloomberg News - Washington Bureau

Enforceability of triangular setoffs

December 7, 2011

Knowledge Center



Chambers USA
Nationwide Energy: Oil & Gas (Regulatory & Litigation), 2016 - 2017
The Legal 500 United States
Alternative/Hedge Funds, 2015-2017; Energy Regulatory: Oil and Gas, 2017; Energy: Regulatory, 2013-2014