A Locke Lord team led by Bill Swanstrom and Jennie Simmons (both of Houston) is advising NextEra Energy Partners LP in its announced acquisition of Meade Pipeline Co LLC, and its interest in the Central Penn Line, in a transaction valued at approximately $1.37 billion. The Central Penn Line is a long-term contracted natural gas pipeline that is a critical resource to transport low-cost Marcellus natural gas to Mid-Atlantic demand centers. The deal value includes roughly $90 million in future capital contributions through 2022, which are related to an expansion opportunity at the existing pipeline. For more information, see the press release. Additional assistance was provided by Eric Larson and Brandon Renken (both of Houston), Van Jolas (Dallas) and Andrew Capalbo (Providence).
Posted on October 2, 2019