Kirkland Advises Blackstone on Commitment to Invest Over $25 Billion in Pennsylvania’s Digital and Energy Infrastructure

Kirkland & Ellis advised Blackstone (NYSE: BX) on a commitment by funds managed by Blackstone Infrastructure and Blackstone Real Estate to invest over $25 billion to support the build out of Pennsylvania's digital and energy infrastructure and help catalyze an additional $60 billion investment into the Commonwealth. As part of the initiative, Kirkland advised Blackstone on the formation of a joint venture with PPL, a leading utility headquartered in Allentown, PA, with plans for the joint venture to invest in new natural gas power generation facilities in Pennsylvania to provide electricity for America's AI and reindustrialized future.

Read Blackstone's press release

The Kirkland team included corporate lawyers Rhett Van Syoc, Rob Goodin, Cy Jones, Melissa Kalka, Evan Chavez and Tyler Ciavarra; debt finance lawyers Rohit Chaudhry, Tatiana Monastyrskaya and Sam Saunders; energy regulatory lawyers Drew Stuyvenberg and Brooksany Barrowes; and tax lawyer Mark Dundon.