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Latham & Watkins Advises PROENERGY in US$768 Million Sale of Power Generation Portfolio to South Texas Electric Cooperative
April 10, 2026
Multidisciplinary team represents the energy company in the divestiture of the Braes Bayou and Brotman Generating Stations.
PROENERGY has closed an agreement to divest Braes Bayou and Brotman Generating Stations in the Electric Reliability Council of Texas, Inc. (ERCOT) market to South Texas Electric Cooperative, Inc. (STEC) for US$768 million. The facilities generate 768 MW of fast-start power with PROENERGY manufactured equipment, including packages and PE6000 turbines.
Latham & Watkins LLP represented PROENERGY in the transaction with a corporate deal team led by New York partner David Kurzweil and New York counsel Alyssa Galinsky, with associates Victor Wang, Jonathan Kow, and Eric Rothman. Advice was also provided on project finance matters by Los Angeles partner Jeff Greenberg, with associate Cáit O'Sullivan O'Neill.