Latham & Watkins Advises ArcLight in Acquisition of Lordstown Energy Center

An affiliate of ArcLight Capital Partners, LLC (collectively, ArcLight) has announced that it has entered into a definitive purchase agreement to acquire 100 percent of the equity ownership interests in Clean Energy Future Lordstown, LLC (Lordstown). Lordstown owns and operates a highly efficient 940 MW combined cycle gas-fired power facility located in Warren, Ohio. Financial terms of the private transaction were not disclosed. Following the closing, ArcLight affiliate Alpha Generation, LLC will manage Lordstown in conjunction with its incumbent fleet of flexible, fast-ramping power infrastructure.

Latham & Watkins LLP represents ArcLight in the transaction with a corporate deal team led by New York partners David Allinson and Jane Greyf, with associates Thomas Engelhardt and Katherine Cody.