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Energy – Electric Power

Experience Highlights

  • AltaGas in the $6.4 billion acquisition of WGL Holdings, owner of a regulated natural gas utility, a midstream franchise and non-regulated contracted power and energy marketing businesses throughout the United States

  • Tyr Energy in the acquisition of 100% of the equity interests in Hickory Run Energy, and development, equity syndication and project financing of a 1,000 MW natural gas-fired combined cycle power plant in PJM (2017 IJGlobal North American Power Deal of the Year)

  • A specialist bank and asset manager in a $297 million secured term loan and revolving credit facility to Lincoln Power in connection with its acquisition and refinancing of three natural gas-fired electric generating plants in Illinois 

  • Morgan Stanley Infrastructure Partners in its acquisition of the Red Oak Power Plant, an 805 MW combined cycle, natural gas-fired generation facility, from Cogentrix, an affiliate of the Carlyle Group

  • Riverstone Holdings in the $9.5 billion formation of Talen Energy Corporation, one of the largest independent power producers in the U.S., through a Reverse Morris Trust spin-off of PPL Corporation’s merchant power generation business and the concurrent combination thereof with Riverstone’s merchant power generation business and associated debt financings

  • Wayzata Investment Partners in the $625 million sale by its portfolio company, MinnTex Power Holdings, of its 1,050 MW, combined-cycle power plant in Guadalupe County, Texas to Calpine Corporation

  • The Carlyle Group in the acquisition of the North American power generation assets of Cogentrix Energy, including five coal and solar power projects and a development pipeline of gas and renewable projects, from The Goldman Sachs Group

  • Transelec S.A. in the development and project financing of a 188 km electric transmission line that delivers energy to the Caserones copper mine in Chile

  • AES Gener S.A. in connection with the development and $1.05 billion project financing of the Cochrane power plant in Chile, a 472 MW (net) pulverized coal-fired generating facility in Chile, with financing provided by JBIC, NEXI, K-Sure, and various commercial banks

  • LS Power in the project financing of the Cross Texas Project, an approximately 234-mile electric transmission line and related facilities

  • Trans-Allegheny Interstate Line Company in the project financing of an approximately 210-mile electric transmission line and related facilities

  • Spark Energy Inc. in its $54 million initial public offering of common stock

  • Obtained approval pursuant under Section 203 of the Federal Power Act for the acquisition of a transmission and distribution utility, where the new ownership structure was designed to facilitate the creation of a real estate investment trust, the first time such an ownership structure was approved by FERC