Eversheds Sutherland Advises Oglethorpe Power in Acquisition of Natural Gas-Fired Combustion Turbine Generating Facility
October 24, 2022
Eversheds Sutherland Advises Oglethorpe Power in Acquisition of Natural Gas-Fired Combustion Turbine Generating FacilityOctober 24, 2022 Eversheds Sutherland is pleased to announce that it advised Oglethorpe Power Corporation, one of the nation’s largest power supply cooperatives, in entering into a purchase and sale agreement to acquire two GE combustion turbine units from Gulf Pacific Power, an investment fund managed by Harbert Management Corporation. The units are a part of the Washington County Power facility, a four-unit 660-megawatt combustion turbine generation and transmission facility located in Sandersville, Ga. The facility entered commercial operation in 2003. The two acquired units will add approximately 330 megawatts of natural gas-fired capacity to Oglethorpe Power’s diverse generation portfolio. The acquisition is subject to Oglethorpe Power Board and member approvals, as well as other customary conditions, including regulatory approvals, and is expected to close by the end of 2022. Eversheds Sutherland Partner Thomas H. Warren led the team in this transaction, with assistance from Partners Dorothy Black Franzoni and Michael G. Kerman, and Associates Kailyn G. Coots, Alexandra N. Franklin, Robin N. Raasch and Alyssa N. Walker.
With more than 3,000 lawyers, Eversheds Sutherland operates in over 70 offices in more than 30 countries across Africa, Asia, Europe, the Middle East and the United States. In addition, a network of more than 200 related law firms, including formalized alliances in Latin America, Asia Pacific and Africa, provide support around the globe. Eversheds Sutherland provides the full range of legal services, including corporate and M&A; dispute resolution and litigation; energy and infrastructure; finance; human capital and labor law; intellectual property; real estate and construction; and tax. Eversheds Sutherland is a global legal practice and comprises two separate legal entities: Eversheds Sutherland (International) LLP (headquartered in the UK) and Eversheds Sutherland (US) LLP (headquartered in the US), and their respective controlled, managed, affiliated and member firms. The use of the name Eversheds Sutherland is for description purposes only and does not imply that the member firms or their controlled, managed or affiliated entities are in a partnership or are part of a global LLP. For more information, visit eversheds-sutherland.com. Latest Insights
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