Orrick Advises GE Energy Financial Services in Sale of Interest in 805 MW Towantic Energy Center

December.21.2018

Orrick represented GE Energy Financial Services in the sale to an affiliate of Osaka Gas USA Corporation of its 50.01% interest in Towantic Energy Holdings LLC, which owns a 49% interest in CPV Towantic LLC, operator of an 805 MW natural gas facility in Oxford, Connecticut. The plant achieved commercial operation in June 2018 and is now supplying electricity to power more than 800,000 homes and businesses. The project, managed by Competitive Power Ventures, Inc., was constructed by Gemma Power Systems, LLC and is being operated by NAES Corporation.

Our team was led by Tara Higgins and included Robert Lawrence, Noreen Phelan, Adam Wenner, Christopher Hutchison, Cory Lankford, Joseph Lodico and James Larkin.