Latham & Watkins Advises ArcLight Capital Partners in Acquisition of Middletown Energy Center

ArcLight Capital Partners, LLC (together with its affiliates, ArcLight) announced that it has entered into definitive agreements to acquire 100% of the economic interests in Middletown Energy Center (Middletown), a top quartile, highly efficient 484 MW natural gas-fired power generation asset located in Butler County, Ohio.  Middletown, which commenced operations in 2018, is one of the newest natural gas combined cycle power plants in PJM, with access to advantaged gas supply. ArcLight is acquiring Middletown through a series of transactions from a consortium of sellers. The acquisition is expected to close in 2025, subject to regulatory approvals.

Latham & Watkins LLP represents ArcLight in the series of transactions with a corporate deal team led by New York partners David Allinson, Jane Greyf, and Thomas Engelhardt, with associates Shira Huberfeld, Kathryn Sarkesian, Annie Kim, and Anny Yang, and support from associates Joseph Maurantonio and Miles Gilhuly. Advice was also provided on project finance matters by New York partner Chirag Dedania, with associates Alice Dales and Conrad Proulx; on environmental matters by Century City/Houston partner Joshua Marnitz, with associate Jacqueline Zhang; on tax matters by Bay Area partner Katharine Moir, with associate Gregory Conyers; on real estate matters by Chicago counsel Jeffrey Anderson, with associate David Rao; on benefits matters by Washington, D.C. partner Adam Kestenbaum, with associate Hayden Rutledge; on Delaware law matters by New York partner Zachary Rowen; on antitrust matters by Washington, D.C. partners Peter Todaro and Farrell Malone, with associates Mary Casale and Joshua Goldstein; and on insurance matters by Los Angeles partner Harrison White, with associate Enrique Covarrubias.