Latham & Watkins Advises Ares Management in Its Sale of Potomac Energy Center to Blackstone

Blackstone (NYSE: BX) has announced that Blackstone Energy Transition Partners agreed to acquire Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia, from Ares Management (Ares).

Latham & Watkins LLP represents Ares in the transaction with a corporate deal team led by Houston partner Trina Chandler and New York partner Caroline Phillips, with associates Joshua Blankenship, Vera Bespalova, Brock Jones, and Stacey Hall. Advice was also provided on finance matters by New York partner Matthew Henegar and San Diego counsel Joanna Gorska, with associates Deborah Ogali and Bradford Taylor; on corporate capital markets by New York partner Yvette Valdez, with associate Naffie Lamin; on tax matters by Houston partners Bryant Lee and Christine Mainguy; on regulatory matters by Washington, D.C. partners Natasha Gianvecchio and Tyler Brown; on real property by San Diego partner Robert Frances; on benefits matters by Washington, D.C. partner Adam Kestenbaum and Houston counsel Krisa Benskin; on intellectual property matters by Washington, D.C. counsel Kieran Dickinson; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Phil Goldberg; on trade controls matters by Washington, D.C. counsel Andrew Galdes; on HSR matters by Washington, D.C. partner Jason Cruise; on FCC matters by Washington, D.C. partner Elizabeth Park; on data privacy matters by Houston counsel Robert Brown; and on CFIUS matters by Washington, D.C. counsel Catherine Hein.