HOUSTON — Bracewell LLP is representing Entergy Corporation (NYSE: ETR) and its subsidiaries, Entergy Arkansas, Inc., Entergy Gulf States Louisiana, L.L.C. and Entergy Texas, Inc., in an agreement to purchase the Union Power Station near El Dorado, Arkansas for $948 million. Union Power Station is a natural gas-fired 1,980-megawatt (summer-rated) generating facility owned by Union Power Partners, L.P., an independent power producer and wholly-owned subsidiary of Entegra TC LLC.
Union Power Station consists of four combined-cycle gas-fired generating units (CCGTs), each rated at 495 MW. Entergy Arkansas and Entergy Texas have each agreed to acquire one unit, and Entergy Gulf States Louisiana has agreed to acquire two units. The closing of the transaction is contingent upon, among other things, obtaining necessary state and federal regulatory approvals.
The sale is expected to close in late 2015.
Bracewell attorneys working on the transaction include:
Partners: Ryan S. Holcomb and William A. Wood, III
Associates: Benjamin A. Fedorko and Anna K. Miller