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Bracewell Represents Talen Energy in Acquisition Agreement with MACH Gen, LLC

HOUSTON –  Bracewell & Giuliani LLP is representing Talen Energy Corporation in an agreement to acquire MACH Gen, LLC, which owns more than 2,500 megawatts of combined-cycle, natural gas-fired generating capacity, for $1.175 billion inclusive of any assumed debt, subject to customary purchase price adjustments.

The acquisition will increase Talen Energy’s total generating capacity to 17,600 megawatts, before the required sale of about 1,300 megawatts to meet a Federal Energy Regulatory Commission mitigation order related to the transaction that created Talen Energy.

Talen expects to finance the transaction with a combination of debt and cash, and it is expected to close by the end of 2015.

Bracewell attorneys working on the transaction include:

Partners: John G. Klauberg, Renee M. Dailey, Ron I. Erlichman, Fritz J. Lark, Heather Palmer, Avi A. Reshtick and Jonathan D. Wry

Counsel: Jeffrey J. BatesJohn G. Melly, Jr. and Vivian Y. Ouyang

Associates: Mona M. Cannon, John H. Cantrell, Richard W. Chen, Michael E. Espinoza, Oren M. Henry, Jodi A. Raab and William B. Simmons