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Power Project Ownership and Development

Power Project Ownership and Development

Our attorneys have experience across a wide range of project development transactions and ownership structures, including:

  • Joint development arrangements
  • Generating facility undivided interests
  • Joint ownership arrangements upstream of project company
  • Holding company structures with shareholder, joint venture or limited liability company agreements among the owners
  • Traditional joint ventures
  • Partnerships and limited partnerships
  • Joint tenancies and tenancies in common

Representative Transactions

  • Counsel to independent power producer, who owns a 2x1 gas-fired power facility, in connection with structuring, drafting and negotiating complex Joint Ownership Agreement, addressing issues of joint ownership of common facilities vis-à-vis a regulated utility owner of the second 2x1 gas-fired facility on the same site
  • Counsel to Southern Power Company respecting the joint development with the Orlando Utilities Commission (OUC) of a nominal 280 MW integrated gasification combined cycle generating facility to be located at the Stanton Energy Center in Orange County, Florida, including the negotiation and preparation of agreements for construction, co-ownership, operation, support services and the purchase and sale of gasification island capacity
  • Counsel to Southern Power Company respecting the joint development with co-owners of a nominal 633 MW dual fuel combined cycle generating facility that began commercial operation in 2003 at the OUC’s Stanton Energy Center in Orange County, Florida, including the negotiation and preparation of construction, co-ownership, operating, support services and power purchase agreements
  • Lead counsel for Georgia Power Company in the sale of Plant Scherer Unit No. 4 to Florida Power & Light Company and Jacksonville Electric Authority and the structuring, negotiation (with new owners) and renegotiation (among existing owners) of co-ownership arrangements among the seven public and private entities owning various interests in one or more of the four coal-fired Plant Scherer units
  • Lead outside co-counsel to Wisconsin Electric Power Company in its sale of the Point Beach Nuclear Power Station for approximately $1.5 billion, including the development of a co-ownership structure as an alternative to a sale of 100% ownership interest
  • Counsel to Georgia Power Company in connection with the negotiation of nuclear managing board agreement and a nuclear operating agreement for the ownership and operation of the Plant Vogtle and Plant Hatch nuclear power plants