Griddy Energy’s Financing Agreement With Macquarie Energy

Baker Botts LLP advised Griddy Energy on the deal.

Griddy Energy (“Griddy”), the pioneer of direct-to-consumer wholesale electricity in Texas, announced the entry into an agreement with Macquarie Energy, a subsidiary of the Macquarie Group, to provide a wholesale supply facility and investment capital to support Griddy’s growth and market expansion.

Griddy also announced the appointment of Michael Fallquist as Chief Executive Officer, Christian McArthur as Chief Operating Officer and Roop Bhullar as Chief Financial Officer.

Baker Botts is representing Griddy Energy in connection with the financing and investment.

The Baker Botts team included Martin Toulouse (Picture), Elaine Walsh, Matt Fusina, Taylor Courtade, Bryan Henderson, Ray Palmer, Victor Ochieng and Steve Marcus.

Involved fees earner: Taylor Courtade – Baker Botts; Matthew Fusina – Baker Botts; Bryan Henderson – Baker Botts; Stephen Marcus – Baker Botts; Victor Ochieng – Baker Botts; Ray Palmer – Baker Botts; Martin Toulouse – Baker Botts; Elaine Walsh – Baker Botts;

Law Firms: Baker Botts;

Clients: Griddy Energy;

Author: Ambrogio Visconti