Kyuden International Corporation’s Investment In Tenaska Pennsylvania Partners, LLC

Sidley Austin LLP represented Kyuden International Corporation, a subsidiary of Kyushu Electric Power Co., Inc., a major Japanese utility company, in its indirect acquisition from Diamond Generating LLC of a 12.5% stake in Tenaska Pennsylvania Partners, LLC (TPP).

The acquisition closed on November 27, 2019.

TPP owns and operates the Tenaska Westmoreland Generating Station, approximately 940 MW natural gas-fired combined cycle power plant located in Westmoreland County, Pennsylvania, USA.

The Tenaska Westmoreland Generating Station achieved commercial operation on December 21, 2018 and supplies electricity to PJM, an independent system operator in the Eastern U.S. that operates the largest wholesale electricity market in the United States.

The Sidley team was led by partners Daniel Lin (Picture, Tokyo), Terence Healey (Boston) and Ayaz Shaikh (Washington, D.C.), with support from partner Angela Richards (Houston), senior counsel Marc Raven (Chicago), counsel John Inglis (Tokyo), and associates C.J. Polito (Washington, D.C.) and Michael Telford (Houston).

Involved fees earner: Terence Healey – Sidley Austin LLP; John Inglis – Sidley Austin LLP; Daniel Lin – Sidley Austin LLP; Christopher Polito – Sidley Austin LLP; Marc Raven – Sidley Austin LLP; Angela Richards – Sidley Austin LLP; Ayaz Shaikh – Sidley Austin LLP; Michael Telford – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Kyuden International Corporation;

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Author: Michael Patrini