Simpson Thacher is representing LS Power in connection with its agreement to acquire the Rolling Hills natural gas-fired power plant from an affiliate of ArcLight Capital Partners, LLC. Financial terms of the transaction were not disclosed. The acquisition is subject to customary regulatory approvals and is expected to be completed by the end of the third quarter of this year.
Located in Wilkesville, Ohio, the 835-megawatt Rolling Hills facility consists of five simple “peaking” units located in the PJM Interconnection.
Headquartered in New York City, New York, LS Power is a leading development, investment and operating company focused on power and energy infrastructure in North America. The Rolling Hills facility complements LS Power’s gas generation fleet, which spans 10 states and provides 13,000 megawatts of power to the surrounding areas.
The Simpson Thacher team includes Brian Chisling, Aseda Ghartey-Tagoe and John Larkin (M&A); Larry Moss and Guanxiong Xu (Executive Compensation and Employee Benefits); Nancy Mehlman and Eli A. Shalam (Tax); Krista McManus and Timothy Gallagher (Real Estate); and Michael R. Isby (Environmental).