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Electric Power Generation
Electric Power Generation
Our lawyers have represented clients in numerous M&A, finance, and restructuring matters, including several of the most high profile transactions in the electric power sector. Several of the electric power transactions that our lawyers have handled in the past few years have earned a “Deal of the Year” award.
Selected engagements include:
| Kohlberg Kravis Roberts & Co. L.P. and TPG Capital
Leveraged buyout of TXU Corp., a leading power generation, transmission and distribution, and retail electric company; this is the largest leveraged buyout in U.S. history (co-counsel) | $45 Billion | |
| The Blackstone Group, Hellman & Friedman LLC, Kohlberg Kravis Roberts & Co. L.P. and Texas Pacific Group
Acquisition of Texas Genco Holdings Inc., a publicly traded merchant power company with 11 electric power plants having a total capacity of 14,000+ MW, including an interest in a 2,500 MW nuclear generating station in Texas; Project Finance’s 2004 North America Power Portfolio Deal of the Year | $3.65 Billion | |
| Duke Energy Company
Sale of eight U.S. power plants (6,200 MW) to LS Power | $1.6 Billion | |
| Reliant Energy, Inc.
Sale of three New York City power plants to Astoria Generating Company Acquisitions, LLC | $975 Million | |
| Mubadala Development Company
Development of the Barka 2 IWPP in Oman and related acquisition of the operational Al-Rusail Power Company in Abu Dhabi; Project Finance’s 2007 Global Deal of the Year | $800 Million | |
| Complete Energy Holdings, LLC
Acquisition, including acquisition financing in the Term Loan B market, of La Paloma Generating Company, LLC, which owns a 1,022 MW gas-fired combined-cycle power plant in California; Project Finance International’s 2005 Power Deal of the Year (Americas), and Project Finance’s 2005 North America Single Asset Deal of the Year | $561 Million | |
| El Paso Corporation
Sale of its interests in seven power generation assets with a combined capacity of 1,848 MW in Brazil, the Dominican Republic, El Salvador, Nicaragua, and Panama | $515 Million (aggregate value) | |
| Reliant Energy, Inc.
Sale of Bighorn electric generation facility to Nevada Power Company | $503 Million | |
| Global Infrastructure Partners
Acquisition of an 800+ MW cogeneration facility in Channelview, Texas out of bankruptcy | $500 Million | |
| Duke Energy Corporation
Disposition of eight merchant power plants with a total capacity of 5,000+ MW in the southeast region of the United States to a private equity company | $475 Million | |
| El Paso Corporation, NRG Energy, Inc., and Indeck Energy
Sale of a 400 MW gas-fired power station in the United Kingdom | $207 Million | |
| Tenaska Capital Management LLC
Acquisition of a 1,100 MW power plant in Michigan from MACH Gen LLC. | Undisclosed | |
| Warburg Pincus LLC affiliate
Sale of its jointly owned interest in APT Generation, which owns a portfolio of three electric generating plants (co-counsel) | Undisclosed | |
| Mubadala Development Company
Joint investment in the construction, operation, and financing of a 1,227 MW gas-fired power plant on Algeria’s Mediterranean coast | $900 Million | |
| El Paso Corporation
Sale to Petrobras of its interest in the Macae 928 MW gas-fired power plant in Brazil, including the prepayment of approximately $229 million of related non-recourse project financing | $358 Million | |
Energy Industry main page | Electric Power Generation 1 2
Prior results do not guarantee a similar outcome.
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