Simpson Thacher is advising Global Infrastructure Partners (“GIP”), a part of BlackRock, in connection with the proposed sale to Talen Energy Corporation of the Guernsey Power Station (the “Project”), an 1,875 MW combined-cycle natural gas-fired energy generation facility located in Guernsey County, Ohio. The Project is owned by GIP, Caithness Energy, L.L.C. and Apex Power Group, LLC.
The purchase price for the Project is expected to be $2.33 billion, subject to customary adjustments. The transaction is subject to customary regulatory approvals and is expected to close in Q4 of 2025.
The Simpson Thacher team includes Eli Hunt, Roy Jackson, Sam Buchman, Patrick Przybylski and Mackenzie Holmes (M&A); Peter Guryan, Kelly Karapetyan and Jamie Logie (Antitrust); Marcy Geller, Caroline Phillips, Matthew Lester and Heesang Yeo (Tax); Matthew Einbinder and Amy Beller (Banking and Credit); Michael Isby and Timothy Mulvihill (Environmental); Dennis Loiacono (Real Estate); Caroline Geiger and Chandler Gerard-Reimer (Intellectual Property); Andrew Blau and Jesslyn Nunez (Executive Compensation and Employee Benefits).