Laura Sheldon concentrates on US and cross-border transactions in the energy and infrastructure sectors, including the sale and purchase of renewable assets, as well as the development and infrastructure stages of energy projects. She advises clients on asset and stock purchase agreements, joint venture agreements, transition services agreements, operation and maintenance agreements, build-out agreements, project administration agreements, EPC agreements and other procurement and development agreements.
Laura’s pro bono practice includes advising nonprofit organizations on governance and formation issues.
Recent Notable Matters
Invenergy LLC — $4.5 billion build-transfer sale of the 2000 MW Wind Catcher wind energy generating facility to be developed and constructed in Cimarron and Texas Counties to Oklahoma to Public Service Company and Southwestern Electric Power Company, once operational, will be the largest wind farm in North America and the second largest in the world*
Invenergy LLC — acquisition of a multistate wind and solar development portfolio*
Leading renewable energy developer — disposition of a 90% interest in two operating wind plants in Nebraska*
NRG Energy, Inc. — $1.375 billion sale of NRG’s ownership in NRG Yield and NRG’s renewables platform to Global Infrastructure Partners (GIP)*
Leading wind developer — equity investment in two utility scale wind projects totaling approximately 300 MW for the purpose of repowering such projects using safe harbored turbines*
Leading Developer — build-transfer transaction for the sale of an up to 300 MW solar project to a consortium of utilities*
Competitive Power Ventures — equity sell down of its 25% interest in the CPV Towantic Energy Center, an 805 MW combined cycle plant in Oxford, Connecticut to Osaka Gas USA*
Midwest Utility — acquisition of three wind generating facilities in Michigan*
NRG Energy, Inc. — sale of five power plants totaling 785 MW, including four wind plants, to NRG Yield, Inc.*
NRG Energy, Inc. — sale of 75% of a portfolio of wind assets to NRG Yield, consisting primarily of assets acquired by NRG from Edison Mission Energy in 2014, for $210 million in cash plus $145 million in assumed project debt and approximately $97 million in tax equity*
NRG Energy, Inc. — sale of the Agua Caliente and Utah utility-scale solar projects (311 net MW) to NRG Yield, Inc. for a cash consideration of $130 million, plus assumed non-recourse project debt of approximately $464 million, excluding adjustments for working capital*
OGE Energy — Oklahoma Gas and Electric Company, a subsidiary of OGE Energy Corp., in the purchase of a 146 MW combined cycle natural gas-fired power generation facility from Oklahoma Cogeneration, LLC in Oklahoma City, Oklahoma*
* Work completed prior to Bracewell