Deal Description: November 7, 2018 - Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, announced late Tuesday that it has entered an agreement to sell the Mankato Energy Center to Xcel Energy for $650 million.
Mankato, a natural gas combined-cycle generation facility, will have a maximum capacity of approximately 760 megawatts upon completion of an ongoing expansion project. The sale is subject to regulatory approval and other closing conditions and is expected to close mid-2019.
Baker Botts was Southern Power’s primary outside counsel in this transaction.
Baker Botts Lawyers/Office Involved:
Corporate: Bill Lamb (Partner, New York); Jonathan Bobinger (Partner, Houston); Courtney Fore (Senior Associate, Austin); Susan Toumanian (Associate, Washington, D.C.); Allison Lancaster (Associate, Austin)
Employee Benefits: Mark Bodron (Partner, Houston); Chris Pratt (Special Counsel, Houston)
Tax: Don Lonczak (Partner, Washington D.C.); Peter Farrell (Associate, Washington D.C.)
Real Estate: Joel Overton (Special Counsel, Dallas)
Environmental: Aileen Hooks (Partner, Austin); Paulina Williams (Special Counsel, Austin)
Global Projects: Stuart Solsky (Partner, New York)
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