Akin Advises Energy Harbor on Asset Sales for Transition to Carbon Free Energy
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(New York and Houston) – Akin advised Energy Harbor Corp. in a series of asset sales over the last year as part of the company’s plan to become 100% carbon free in 2023. As part of its transition plan, Energy Harbor has divested various assets from its fossil business and other non-core, ancillary properties.
The asset divestitures closed to date include:
- The Pleasants Power Station, a 1,280 MW coal power plant.
- The W.H. Sammis Power Plant, a 2,220 MW coal power plant.
- Eastlake Plant, a 1,233 MW coal plant that ceased generation operations in 2015.
- Hollow Rock Landfill, a 187-acre landfill on a 938-acre site.
- Hatfield Landfill, A 187-acre landfill on a 747-acre site.
- DuPont Road, a 113-acre landfill located on a 235-acre site.
- Little Blue Run, a 900+ acre impoundment located on a 3,600-acre site.
- Norton Energy Storage, a 9.6 million cubic meter underground storage facility.
The Akin team was led by corporate practice co-head Zach Wittenberg, and included partners Matt Kapinos, Eli Miller and Sarah Withers; counsel Jack Polisini and Hayden Harms and associates Ali Babin, Grace Zhu and Jenny Lyubomudrova.
More details on the transactions can be found here.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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