Schiff Hardin Advises Chugoku in South Field Energy Acquisition

Schiff Hardin LLP represented Chugoku Electric Power Company, Inc. (Chugoku) in its 10 percent membership interest acquisition in South Field Energy Partners LLC (South Field Energy), a subsidiary of Advanced Power.

South Field Energy owns a 1,182-megawatt electric generation facility in Columbiana County, Ohio, scheduled to begin commercial operation in mid-2021.

Chugoku, one of Japan’s largest electric utilities, joins eight other South Field Energy investors. The facility will sell capacity, energy, and ancillary services into PJM Interconnection LLC, the largest regional transmission organization within the United States, and will create approximately 1,000 construction jobs during its peak period and produce enough electricity to power approximately one million homes. For more information on the transaction, click here.

This is the second transaction in 15 months in which Schiff Hardin represented Chugoku.

Smart In Your World
Your goals define our mission. Whether an immediate need or a long-term objective, ArentFox Schiff helps you reach your full potential. As industry insiders, we partner with you to develop practical business strategies and sophisticated legal solutions to achieve today’s targets and anticipate tomorrow’s problems. We get you across the finish line.

Contacts

Continue Reading