Latham & Watkins Advises Great River Hydro in Sale to Hydro-Québec
HQI US Holding LLC, a wholly-owned subsidiary of Hydro-Québec, has announced that it has entered into an agreement to acquire Great River Hydro, LLC, which owns 13 hydropower generating stations with a total installed capacity of 589 megawatts along New England’s Connecticut and Deerfield rivers in the states of Vermont, New Hampshire, and Massachusetts. Great River Hydro is being sold by affiliates of ArcLight Capital Partners, LLC (ArcLight) for a value of approximately US$2 billion.
Latham & Watkins LLP represents Great River Hydro and ArcLight in the transaction with a corporate deal team led by New York partners David Allinson and Jane Greyf, with associates Jennifer Wong and Katherine Cody. Advice was also provided on project development and finance matters by New York partner Warren Lilien and Washington, D.C. counsel Christopher Dolan.