Latham & Watkins Advises PSP Investments on Sale of FirstLight’s US Portfolio to Hull Street Energy

The Public Sector Pension Investment Board (PSP Investments) announced that it has entered into an agreement to sell the US operations of FirstLight to Hull Street Energy, a private equity firm specializing in power infrastructure and energy transition investments. The US portfolio comprises approximately 1.4 GW of installed capacity across hydroelectric generation, energy storage, and renewable assets in Massachusetts, Connecticut, and Pennsylvania. The transaction is subject to customary regulatory approvals.

Latham & Watkins LLP represents PSP Investments in the transaction with a corporate deal team led by New York partners David Kurzweil and Edmond Parhami, with associates Sophia Yang and Annie Kim, and assistance from Eva Gu. Advice was also provided on tax matters by New York partner Matthew Dewitz, with associate Grace Jang; on benefits and compensation matters by Washington, D.C. partner David Della Rocca and Washington, D.C. counsel Richard Nettles, with associate Sam Sturgis; on real estate matters by New York counsel Shira Bressler; on data privacy and cybersecurity matters by Bay Area partner Robert Blamires, with associate Kathryn Parsons-Reponte; on intellectual property matters by New York partner Jeffrey Tochner, with associate Jamie Eimbinder; on antitrust matters by Washington, D.C. partner Jason Cruise and Washington, D.C. counsel Ngoc Hulbig, with associate Linda Wang; on project finance matters by Los Angeles/New York partner Jeff Greenberg; on federal energy regulatory matters by Washington, D.C. partner Tyler Brown, with associate Elisa Vial; on environmental matters by New York partner JP Brisson, with associates Tal Carmeli and Tyler Krenek; on FCC matters by Washington, D.C. partner Elizabeth Park; on anti-bribery and anti-corruption matters by Washington, D.C. partners Erin Brown Jones and Joseph Bargnesi, with associate Ashlyn Royall; and on sanctions and export controls matters by Washington, D.C. counsel Ruchi Gill, with associate Ankita Satpathy.