Osaka Gas USA Corporation’s Acquisition of 50.01% interest in Towantic Energy Holdings LLC

Orrick represented GE Energy Financial Services in the sale

Osaka Gas USA Corporation executed the acquisition of 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.

Orrick advised GE with a team including Tara Higgins (Picture), Robert Lawrence, Noreen Phelan, Adam Wenner, Christopher Hutchison, Cory Lankford, Joseph Lodico and James Larkin.

Involved fees earner: Tara Higgins – Orrick; Christopher Hutchison – Orrick; Cory Lankford – Orrick; James Larkin – Orrick; Robert Lawrence – Orrick; Joseph Lodico – Orrick; Noreen Phelan – Orrick; Adam Wenner – Orrick;

Law Firms: Orrick;

Clients: GE Energy Financial Services;

Author: Ambrogio Visconti