Legal Newsline

Friday, February 28, 2020

ORRICK: Advises GE Energy Financial Services on Sale of Stake in 3 GW Portfolio

By Press release submission | Oct 8, 2018


Orrick Orrick issued the following announcement on Oct. 5.

Orrick represented GE Energy Financial Services (GE EFS) in a sale of its 24.95% share in Southeast PowerGen Holdings (Southeast) to co-investor The Carlyle Group (Carlyle). Southeast owns a 3.2 GW portfolio of six generation assets in Georgia. Once the transaction closes, Carlyle will become the sole owner of the portfolio through an entity called CPP SEPG Holdings.

The portfolio includes four simple-cycle, natural gas-fired generation facilities in Georgia: AL Sandersville (677.4 MW) in Washington county; MPC Generating (351 MW) in Monroe; Walton (525 MW) in Monroe; and Washington (745.2 MW) in Linton. Effingham, a 527 MW combined-cycle, natural gas-fired facility in Rincon, and Mid-Georgia, a 330 MW topping-cycle cogeneration plant in Kathleen make up the rest of the portfolio.

Our team was led by Tara Higgins and Adam Wenner and included David Gold and Cory Lankford.

Original source can be found here.

Want to get notified whenever we write about Orrick ?

Sign-up Next time we write about Orrick, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story