Latham & Watkins Advises Platinum Equity in Sale of Hunterstown Power Generation Facility to LS Power

Platinum Equity has announced the signing of a definitive agreement to sell the Hunterstown power generation facility and related assets to LS Power. Located in Gettysburg, Pennsylvania, the Hunterstown facility is a combined-cycle gas turbine generating power plant that provides 810 MW to the PJM (Met-Ed) 500kV grid, with enough to supply more than 600,000 homes. Financial terms were not disclosed. The transaction is expected to close in the second quarter of 2024.

Latham & Watkins LLP represents Platinum Equity in the transaction with a corporate deal team led by Washington, D.C. partner David Brown, Houston partner Trina Chandler, and Washington, D.C. partner Mariclaire Brewer, with associate Josh Blankenship. Advice was also provided on tax matters by New York partner Matthew Dewitz; on employee benefits matters by Washington, D.C. partner Matthew Conway and Houston counsel Krisa Benskin, with associate Christina Schrantz; on energy regulatory matters by Washington, D.C. partner Natasha Gianvecchio, with associate Richard Griffin; on private equity finance matters by Washington, D.C. partners Scott Forchheimer and Melissa Fabian; on real estate matters by Chicago counsel Jeffrey Anderson; on intellectual property matters by Washington, D.C. counsel Kieran Dickinson; on environmental matters by New York counsel David Langer; and on antitrust matters by Washington, D.C. partner Amanda Reeves, New York partner Katherine Rocco, and Washington, D.C. counsel Patrick English, with associates Mary Casale and Karen Kim.