Experience
Acquisition of Two Power Plants Valued at $410 Million
Represented a large regional energy company in structuring and negotiating its $410 million acquisition of DeSoto County Generating Company, LLC and Rowan County Power LLC from a subsidiary of Progress Energy, Inc. DeSoto owns a dual-fueled generating plant near Arcadia, Florida with a nominal installed capacity of 320 megawatts. Rowan is a 960-megawatt power plant, located in Salisbury, North Carolina. Also involved in due diligence and obtaining the approval of FERC and the North Carolina Utilities Commission as well as the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.