HOUSTON – Bracewell LLP advised Rockland Capital, LP in the sale of two power plants totaling 1,263 MW of capacity to Hull Street Energy, LLC. The transaction was funded with equity from HSE managed funds and committed senior secured debt financing. The acquired assets, together comprising the “GridFlex Portfolio,” will join Milepost Power, HSE’s thermal power generation platform.
The GridFlex Portfolio consists of Lee County Generating Station, a 677 MW natural gas turbine facility in Illinois, and Tait Electric Generating Station, a 586 MW dual-fuel facility in Ohio. Both facilities are located in the PJM market, where they provide capacity and operational flexibility to support grid reliability.
Bracewell lawyers involved in the transaction included:
Partners: Ryan S. Holcomb, Catherine P. McCarthy, Amber K. Dodds and Timothy A. Wilkins
Senior Counsel: Tamara L. McKinzie
Counsel: Jacqueline R. Java and Daniel J. Pope
Associates: Caroline E. Rao, Chase V. Edmunds, Kennedy Williams, Boris B. Shkuta and Faren M. Bartholomew