Eversheds Sutherland (US) LLP is pleased to announce that the firm represented Tokyo Gas America Ltd. in its acquisition of a 33.33% stake in the 488-MW Birdsboro combined cycle power plant, now under construction near Pennsylvania’s Marcellus shale gas field, from Ares EIF Management. The facility is scheduled to complete construction and become operational by mid-2019. Once operational, the plant will deliver energy into the PJM interconnection in the northeastern US.
Eversheds Sutherland (US)’s Energy and Infrastructure Partner Ram C. Sunkara led the deal team on the transaction with support from Counsel Benjamin Rajabi.
“We were very pleased to have the opportunity to help Tokyo Gas America with its first investment in a new-build US power generation facility, which is also its second investment in the US power generation market,” said Mr. Sunkara.
Additional members of the core team advising Tokyo Gas America Ltd. included Paul F. Forshay and Daniel E. Frank, energy partners in the Washington DC office; Amish M. Shah, tax partner in the Washington DC office; Madeleine M.L. Tan, energy finance partner in the New York office; Joshua L. Belcher, environmental counsel in the Houston office; Stephany Olsen LeGrand and Cedric E. Seley III, energy attorneys in the Houston office; Emerson W. Girardeau III, Kyle E. Wamstad and Virginia E. Worthy, energy attorneys in the Atlanta office; and Allison Speaker, energy attorney in the Washington DC office.
Eversheds Sutherland’s global Energy and Infrastructure practice includes more than 200 lawyers throughout Africa, the Americas, Asia, Europe and the Middle East who act for crude oil, natural gas, LNG, electric power, electric cooperative, renewable and alternative energy, oil pipeline and nuclear energy clients.
About Tokyo Gas America Ltd. Established in 2013 and fully owned by the largest gas utility company in Japan, Tokyo Gas Co., Tokyo Gas America Ltd. develops wide-ranging businesses that include upstream operations such as gas field development, midstream to downstream operations as exemplified by power generation, natural gas distribution, LNG exportation and natural gas trading in North America.
About Eversheds Sutherland As a global top 40 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 71 of the Fortune 100, 57 of the FTSE 100 and 119 of the Fortune 200.
With more than 2,300 lawyers, Eversheds Sutherland operates in 61 offices in 29 jurisdictions 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 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. For more information, visit www.eversheds-sutherland.com.
