Paul Hastings Advised Financing Sources In Partners Group’s $2.2 Billion Acquisition Of 11 California Power Plants

Paul Hastings Advised Financing Sources in Partners Group’s $2.2 Billion Acquisition of 11 California Power Plants

Paul Hastings LLP has advised the financing sources in connection with Partners Group’s $2.2 billion acquisition of a 1.9 GW portfolio comprising 11 natural gas power plants located in California. The assets, operated by Middle River Power, include nine simple-cycle peaking facilities, two combined-cycle turbine plants, and on-site battery energy storage systems, creating hybrid energy centers that enhance grid reliability and flexibility.

This transaction represents a major investment in energy infrastructure, supporting California’s evolving energy needs and the transition to cleaner energy systems.

The Paul Hastings team was led by Marc Lashbrook (Partner, Global Finance), David Barash (Partner, Global Finance), and Rob Freedman (Partner, Co-chair, Energy and Infrastructure), with support from Jason Woolmer (Counsel), and Rebecca Goldberg (Associate) and Adam Seif (Associate).

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