Lauren A. Anderson

Blackstone Credit has acquired EIG’s 49% ownership interest in Elba Liquefaction Company (ELC), a joint venture entity of the Elba Island LNG facility. Kinder Morgan (NYSE: KMI) will remain as the operator and retain its 51% ownership of ELC. Latham & Watkins represented EIG in the transaction with a corporate deal team led by New York partner Charlie Carpenter and Houston partner Lauren Anderson, with Houston associates Alice Parker, Brea Buck, Ben Marek, and Vera Bespalova. Advice was also provided on finance matters by New York partner Jonathan Rod, with Washington, D.C. associate Carlos Ardila and New York associate Tianyu Wang; on tax matters by New York partner Greg Hannibal, with New York associate Ron Moore; on regulatory matters by Washington, D.C. partner Patrick Nevins and London partner Nathan Seltzer, with London associate Christopher Ting; on environmental matters by Los Angeles counsel Joshua Marnitz; and on antitrust matters by Washington, D.C. counsel Britton Davis.~~

May 31

1 min

Grey Rock Investment Partners (Grey Rock), through its affiliated investment vehicles, has announced an agreement to make a controlling investment in Vault CCS Holdings, LP (Vault) and fund additional growth of the company through a capital commitment of up to US$150 million. Vault plans to use the committed capital to execute on its near-term actionable pipeline of Carbon Capture and Storage (CCS) projects, as well as the continued development of further opportunities in the CCS space. Vault has developed an extensive platform of actionable CCS projects with ethanol facilities in the Midwest region, each of which emits between 200,000 and 500,000 tonnes of CO2 per year; and has secured positions in several high quality, early-stage CCS projects in Canada. Vault’s pipeline of projects spans a range of industrial sectors across multiple regions of North America. Latham & Watkins LLP represents Vault CCS Holdings in the transaction with a corporate deal team led by Houston partner Lauren Anderson, with Houston associates Ashley Nguyen, Denny Lee, Ziyad Barghouthy, Morgen Seim, and Janhavi Das. Advice was also provided on tax matters by Houston partner Jim Cole, with Houston associate Mike Rowe; and on benefits and compensation matters by New York partner Jennifer Pepin.~~

Jun 8

1 min

Chevron U.S.A. Inc., Schlumberger New Energy, Microsoft and Clean Energy Systems have announced plans to develop a ground-breaking bioenergy with carbon capture and sequestration (BECCS) project designed to produce carbon negative power in Mendota, California. Latham & Watkins LLP represents Chevron U.S.A. Inc. in the transaction. A corporate deal team was led by Houston partner Lauren Anderson, with Houston associates Ashley Nguyen, Denny Lee, and Katie Walker and with assistance from New York associate Jiyeon Chun. The infrastructure projects and commercial team was led by Houston partner Jonathan Castelan, with Houston associates Thomas Hillebrand and Sam Bentley. Advice was also provided on tax matters by Houston partner Jim Cole, with Houston associate Emily Fawcett; on environmental matters by Orange County counsel Josh Bledsoe, with Orange County associate Brian McCall and Los Angeles associate Jen Garlock; on real estate matters by San Diego partner James Mann; and on intellectual property matters by Washington, D.C. partner Jeremiah Wolsk.~~

Aug 10

1 min

Crestwood Equity Partners LP (NYSE: CEQP) (Crestwood) has announced it has entered into an agreement to acquire Sendero Midstream Partners, LP for US$600 million in cash. The Sendero Midstream assets, located in Eddy County, New Mexico, are comprised of 350 MMcf/d of processing capacity, approximately 140 miles of natural gas gathering lines and more than 53,000 horsepower of field gathering compression. The transaction is expected to close early in the third quarter 2022, subject to customary regulatory approvals. Latham & Watkins represents the sellers in the transaction with a corporate deal team led by Houston partner Lauren Anderson and Houston/Austin partner Bill Finnegan, with Houston associates Dan Harrist, John Daywalt, and Vera Bespalova. Advice was also provided on antitrust matters by Washington, D.C. partner Jason Cruise, with New York associate Karen Kim; on tax matters by New York partner David Raab, with New York associate Ronald Moore; on benefits and compensation matters by Washington, D.C. partner David Della Rocca, with Houston counsel Krisa Benskin; on environmental matters by Houston partner Joel Mack, Orange County partner Christopher Norton, and Los Angeles counsel Joshua Marnitz; on real estate matters by San Diego partner Robert Frances and San Diego counsel Aaron Friberg; and on representation and warranty insurance matters by Los Angeles partner Drew Levin, with Los Angeles associate Harrison White.~~

May 26

1 min

Talen Energy Corporation and its wholly-owned subsidiary Cumulus Growth Holdings LLC have announced that they have taken additional steps forward in capitalizing and executing Talen's strategic transformation to a renewable energy and digital infrastructure growth platform. Cumulus Growth, through its wholly-owned subsidiary Cumulus Digital LLC, has secured a 6-year, up to US$175 million strategic capital partnership with Orion Energy Partners . Latham & Watkins LLP represents Orion Energy Partners in the transaction with a deal team led by Los Angeles/New York partner Jeff Greenberg, with New York associates Nicole Goldman and Maria Borges. Advice was also provided on corporate matters by Houston partner Lauren Anderson; and on tax matters by New York partner Gregory Hannibal.~~

Sep 21

1 min