Kirkland Advises Constellation on Agreement to Sell PJM Generation Assets to LS Power for $5B

Kirkland & Ellis advised Constellation Energy Corporation (Nasdaq: CEG) on an agreement to sell a portfolio of generation assets in PJM to LS Power for $5 billion. Under the agreement, LS Power will acquire approximately 4.4 gigawatts of predominantly natural gas-fired generation capacity located in Delaware and Pennsylvania, including the Bethlehem, York 1, York 2, Hay Road and Edge Moor Energy Centers.

Read the transaction press release

The Kirkland team included corporate lawyers David Feirstein, Kim Hicks, Mike Bassi, Claire Wolf and Olga Cosme Toledo; debt finance lawyers Rachael Lichman, Charlie Martin and Will Zakhary; tax lawyers Mark Dundon and Rachel Malhiet; antitrust & competition lawyers Ian John and Todd Garcia; and energy regulatory lawyers Brooksany Barrowes, Andrew DeVore and Cassidy Hall.