King & Spalding Advises on $800 Million Clean Energy Project in Ohio; Recruits Two Partners to Anchor European Capital Markets Practice

Monday, November 17, 2014 - 12:15

King & Spalding advised Oregon Clean Energy, LLC in the development of a contract for the engineering, procurement and construction of a greenfield 860-megawatt combined-cycle natural gas-fired generation facility in the Toledo, Ohio, suburb of Oregon. The financing for the transaction and the full notice to proceed under the contract occurred on November 14. The dollar amount of the transaction was not disclosed.

The $800 million clean energy power project, known as the Oregon Clean Energy Center, will occupy a 30-acre site in the city of Oregon and will consist of two Siemens SGT6-8000H gas turbines and one steam turbine. It will provide enough electricity to power 500,000 homes. The project is expected to be ready for commercial operation in 2017.

The King & Spalding team was led by Houston-based global transactions partner Scott A. Greer, with the assistance of associates Jonathan N. Katz and David Strickland.

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King & Spalding has recruited U.S.-qualified securities lawyers Tom O’Neill and Markus K. Bauman as partners in the London office to anchor a European capital markets practice as the firm further expands its international corporate offerings. Mr. O’Neill most recently was a partner at Linklaters; Mr. Bauman joins King & Spalding from Latham & Watkins, where he was a counsel.

Mr. O’Neill and Mr. Bauman have extensive international experience representing investment banks, public companies, financial sponsors, investors and other market participants in a variety of industries on public and private cross-border transactions. They have represented their clients on SEC-registered and Rule 144A/Regulation S offerings, including initial public offerings, rights offerings, block trades, high-grade and high-yield debt offerings, and debt and equity exchange offers.  They also advise on U.S. federal securities laws, mergers and acquisitions, corporate governance, and compliance matters. 

Mr. O’Neill has over 20 years’ experience and has worked throughout Europe, including in France, where he was based for seven years, as well as in emerging markets. Mr. Bauman has extensive international experience throughout EMEA, including significant expertise in Germany. He recently served a secondment in the debt capital markets legal department at J.P. Morgan and also served for four years as executive director of the investment banking legal department at Goldman Sachs.