Featured Stories
UCLA Health: Kymora B. Scotland Honored With the Endourological Society Arthur Award
LOS ANGELES, California, Aug. 29 -- The UCLA Health issued the following news release:
* * *
Dr. Kymora B. Scotland honored with the Endourological Society Arthur Award
UCLA Health's Dr. Kymora B. Scotland has been recognized by the Endourological Society's 2026 Arthur Smith Award, an honor granted to urologists who are within 10 years of completing their residency or fellowship.
The society gives the award annually to a physician "who has already achieved distinction through myriad contributions to the field of Endourology in research and teaching."
Dr. Scotland is assistant professor
... Show Full Article
LOS ANGELES, California, Aug. 29 -- The UCLA Health issued the following news release:
* * *
Dr. Kymora B. Scotland honored with the Endourological Society Arthur Award
UCLA Health's Dr. Kymora B. Scotland has been recognized by the Endourological Society's 2026 Arthur Smith Award, an honor granted to urologists who are within 10 years of completing their residency or fellowship.
The society gives the award annually to a physician "who has already achieved distinction through myriad contributions to the field of Endourology in research and teaching."
Dr. Scotland is assistant professorand director of endourology research at the UCLA's David Geffen School of Medicine. Her clinical expertise is in kidney stone treatment, as well as management of benign prostatic hyperplasia and upper tract urothelial carcinoma. Her research investigates kidney stone pathogenesis and stone-associated infection. She recently edited the book The Role of Bacteria in Urology and is the vice-president of the Society for Infection and Inflammation in Urology.
"Dr. Scotland exemplifies all the qualities of an impactful clinician, scientist and mentor. This honor from the Endourological Society is a fitting recognition of her contributions," said Dr. Scott Eggener, professor and chair of UCLA Health's Department of Urology.
Dr. Scotland has a particular clinical research interest in developing techniques aimed at improving quality of life for nephrolithiasis patients and has focused recent work on patient engagement with stone management regimens.
Dr. Scotland has been multiply-funded by the NIH and the Urology Care Foundation. She has also received awards from the AUA including Young Urologist of the year for her community and mentorship work and the Rising Star Award for her laboratory research. She is the President of the Collaborative for Research in Endourology (CoRE), an international group of endourologists focused on developing innovative solutions to the care of kidney stone patients.
* * *
Original text here: https://www.uclahealth.org/news/release/dr-kymora-b-scotland-honored-with-endourological-society
[Category: Medical]
Ropes & Gray Advised Teva Pharmaceuticals in Proposed Acquisition of Novel Neuroscience Asset From BioXcel Therapeutics
BOSTON, Massachusetts, Aug. 29 -- Ropes and Gray, a law firm, issued the following news:
* * *
Ropes & Gray Advised Teva Pharmaceuticals in Proposed Acquisition of Novel Neuroscience Asset from BioXcel Therapeutics
Ropes & Gray represented Teva Pharmaceuticals in its proposed acquisition of certain neuroscience assets from BioXcel Therapeutics, Inc. The transaction was announced on August 28.
Teva is acquiring the assets out of BioxCel's chapter 11 bankruptcy proceedings. Teva is serving as the "stalking horse bidder" in the court-supervised sale process.
Under the terms of the agreement,
... Show Full Article
BOSTON, Massachusetts, Aug. 29 -- Ropes and Gray, a law firm, issued the following news:
* * *
Ropes & Gray Advised Teva Pharmaceuticals in Proposed Acquisition of Novel Neuroscience Asset from BioXcel Therapeutics
Ropes & Gray represented Teva Pharmaceuticals in its proposed acquisition of certain neuroscience assets from BioXcel Therapeutics, Inc. The transaction was announced on August 28.
Teva is acquiring the assets out of BioxCel's chapter 11 bankruptcy proceedings. Teva is serving as the "stalking horse bidder" in the court-supervised sale process.
Under the terms of the agreement,Teva would acquire worldwide rights to dexmedetomidine sublingual film--a novel, orally dissolving formulation currently under FDA review for at-home use in the acute treatment of agitation associated with schizophrenia or bipolar I or II disorder in adults--for an upfront payment of $57.5 million and up to an additional $67.5 million in contingent payments tied to FDA approval timing and sales milestones.
The proposed asset includes IGALMI(R) (dexmedetomidine sublingual film), which is currently approved for in-clinic acute treatment of agitation associated with schizophrenia and bipolar I or II disorder in adults, and BXCL501. If approved, BXCL501 could become the first FDA-approved at-home treatment for this condition.
The Ropes & Gray team included mergers & acquisitions partner Chris Comeau and counsel Kelly Finn, life sciences licensing partner Abby Gregor, business restructuring partners Andrew Mordkoff and Rachel Strickland, and health care partner Jamie Darch.
* * *
URL: Teva Pharmaceuticals
* * *
Original text here: https://www.ropesgray.com/en/news-and-events/news/2026/08/ropes-gray-advised-teva-pharmaceuticals-novel-neuroscience-asset-bioxcel-therapeutics
[Category: BizLaw/Legal]
Morgan Lewis Represents Atlantic Aviation Management Team in Strategic Investment
PHILADELPHIA, Pennsylvania, Aug. 29 [Category: BizLaw/Legal] -- Morgan Lewis, a law firm, issued the following news release:
* * *
Morgan Lewis Represents Atlantic Aviation Management Team in Strategic Investment
NEW YORK: Morgan Lewis represented the management team of Atlantic Aviation in connection with a strategic partnership between the company and KKR and Apollo to support the continued growth of the private aviation infrastructure platform. The transaction values Atlantic Aviation at close to $10 billion.
Atlantic Aviation is a provider of fixed-base operator (FBO) services to corporate
... Show Full Article
PHILADELPHIA, Pennsylvania, Aug. 29 [Category: BizLaw/Legal] -- Morgan Lewis, a law firm, issued the following news release:
* * *
Morgan Lewis Represents Atlantic Aviation Management Team in Strategic Investment
NEW YORK: Morgan Lewis represented the management team of Atlantic Aviation in connection with a strategic partnership between the company and KKR and Apollo to support the continued growth of the private aviation infrastructure platform. The transaction values Atlantic Aviation at close to $10 billion.
Atlantic Aviation is a provider of fixed-base operator (FBO) services to corporateand general aviation customers across the United States.
The company provides mission-critical aviation infrastructure and services, including aircraft fueling, hangar leasing, and other essential aviation services.
Partner Austin Lilling and associate Emily Jordan advised the Atlantic Aviation management team, along with partner Eric Tajcher and associate Alex Martin.
Morgan Lewis's executive and management team representation practice regularly counsels senior management on the intricacies and legal risks of M&A transactions and strategic investment by private investors, including those relating to rollover investments, incentive arrangements, and employment and change in control documentation.
* * *
URL: Atlantic Aviation
* * *
Original text here: https://www.morganlewis.com/news/2026/08/morgan-lewis-represents-atlantic-aviation-management-team-in-strategic-investment
Mattel Names Maluma, Supercar Blondie, and Robert Lewandowski as Its First-Ever Hot Wheels Class of Legends in New Challenge Accepted Campaign
EL SEGUNDO, California, Aug. 29 -- Mattel, a toy manufacturing company, issued the following news on Aug. 28, 2026:
* * *
Mattel Names Maluma, Supercar Blondie, and Robert Lewandowski as Its First-Ever Hot Wheels Class of Legends in New Challenge Accepted Campaign
* Hot Wheels Class of Legends: Global icons Maluma, Supercar Blondie, and Robert Lewandowski headline the new Challenge Accepted brand platform
* The 2026 Global Legends Collection featuring die-cast cars co-designed by the Hot Wheels Class of Legends is now available for pre-order on Mattel Creations
* Pop-Up Event: Hot Wheels will
... Show Full Article
EL SEGUNDO, California, Aug. 29 -- Mattel, a toy manufacturing company, issued the following news on Aug. 28, 2026:
* * *
Mattel Names Maluma, Supercar Blondie, and Robert Lewandowski as Its First-Ever Hot Wheels Class of Legends in New Challenge Accepted Campaign
* Hot Wheels Class of Legends: Global icons Maluma, Supercar Blondie, and Robert Lewandowski headline the new Challenge Accepted brand platform
* The 2026 Global Legends Collection featuring die-cast cars co-designed by the Hot Wheels Class of Legends is now available for pre-order on Mattel Creations
* Pop-Up Event: Hot Wheels willopen an immersive fan experience for all ages in Venice, Calif., featuring life-size car displays and hands-on play
* Giving Back: Hot Wheels is donating $100,000 to Maluma's foundation, El Arte de los Suenos, to inspire a challenger spirit in the next generation
-
Today, Hot Wheels announced Challenge Accepted, a global campaign championing the challenger spirit and the mindset that drives people to take risks, defy expectations and chase their passions. Throughout September, Hot Wheels will spotlight those who turn obstacles into opportunities and prove that the road to becoming legendary begins with the willingness to take on the next challenge.
At the center of the campaign are three global icons who have forged their own paths to success: global music superstar Maluma, the largest automotive content creator in the world and entrepreneur Supercar Blondie, and soccer champion Robert Lewandowski. Together, they form the first-ever Hot Wheels Class of Legends, bringing three distinct stories of ambition and perseverance all while showing what it means to accept the challenge. To commemorate, Hot Wheels also revealed today the first Global Legends Collection of die-cast cars to bring their stories to life. Each Legend has collaborated with Hot Wheels to co-design a collector-worthy die-cast car inspired by their personal experiences, automotive passion and challenger spirit. The result is the 2026 Global Legends Collection, the first Hot Wheels collection of its kind, featuring three vehicles that bring each legend's story to 1:64 scale.
To kick off the campaign, Hot Wheels will be hosting a pop-up experience at The Brig in Venice, Calif., free for fans from August 28 - August 30. Guests will be able to see the Hot Wheels Class of Legends cars on display, see life-size Hot Wheels cars with exclusive giveaways, free beverages from AriZona Beverage Company and photo opps, including the introduction of Hot Wheels Zine, Hot Wheels' first-ever print "zine", available exclusively at the pop-up.
Alex Ries, VP, Global Head of Hot Wheels at Mattel, said: "Hot Wheels has always represented that moment when you decide to go for it, to take an idea, a dream or a challenge and see just how far you can push it. The challenger spirit is universal, and Maluma, Supercar Blondie and Robert Lewandowski each embody it in a completely unique way. They've taken risks, challenged expectations and continued to push forward to become legends in their own worlds. We are proud to welcome them to our inaugural Hot Wheels Class of Legends and can't wait for fans all over the world to see their Challenge Accepted journeys."
2026 Global Legends Collection
Maluma's Toyota Land Cruiser FJ60 channels his Colombian roots and adventurous spirit, representing his drive to explore, take risks and keep moving forward.
Maluma said: "I've always believed in taking risks and trusting yourself, even when the path isn't easy. Hot Wheels has been part of my life since I was a kid, so bringing my passion for cars together with my own journey through this collection is really special."
Supercar Blondie's Lamborghini Huracan LP 610-4, "Lucy," immortalizes her first supercar, which has become synonymous with her rise in the automotive world and her decision to create a lane entirely her own.
Alex Hirschi, Supercar Blondie, said: "It's just a part of who I am, always saying yes to the next challenge, and I know it's a challenge if it scares me. That's how I've been able to grow. It's nice feeling comfortable sometimes but accepting the next challenge is where success lies."
Robert Lewandowski's '97 Porsche 911 GT1 reflects the precision, performance and relentless pursuit of excellence that have defined his career at the highest level of the sport.
Robert Lewandowski said: "For me, the biggest challenge is always the next one. My journey has taught me that success comes from discipline, hard work and always looking for ways to improve. That's the mindset I bring to everything I do."
Together, the three die-cast cars capture a piece of each individual's story, designed to represent their passions and paths into Hot Wheels Legends and reminding fans that every legendary journey starts with accepting a challenge.
Throughout September, fans can go deeper into the stories behind the Class of Legends through the Hot Wheels Challenge Accepted: Legends series across Hot Wheels social channels. The three-part content series will feature episodes with each Legend called Hot Wheels Challenge Accepted: Design Studio, Speed Round, What Drives Me, giving fans an inside look at each legend's path to success, personal connection to car culture and the defining challenges that shaped their careers.
To inspire the next generation with the challenger spirit, Hot Wheels is proud to donate $100,000 to El Arte de los Suenos. Founded in Colombia by Maluma and his sister, the organization uses the arts to help vulnerable youth overcome difficult environments. This contribution directly funds programs in singing, music production, dance, and composition, alongside vital psychological support to help teenagers navigate life's challenges.
Lastly, as part of the Challenge Accepted brand platform, Hot Wheels is working with Dr. Becky Kennedy, clinical psychologist and parenting expert, on a special series of her podcast, Good Inside with Dr. Becky. Debuting in September, each episode will feature an exclusive guest to talk about how early play experiences have shaped their Challenger spirit. Official details, podcast schedule and list of guests to be announced soon.
The 2026 Hot Wheels Global Legends Collection cars are available now for pre-order exclusively on MattelCreations.com for $25 each. For more information, follow Hot Wheels on social media or visit HotWheels.com/Challenge-Accepted.
* * *
About Mattel
Mattel is a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie(R), Hot Wheels(R), Fisher-Price(R), American Girl(R), Thomas & Friends(TM), UNO(R), Masters of the Universe(R), Matchbox(R), Monster High(R), and Polly Pocket(R), as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world's leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential. Visit us at mattel.com.
* * *
Original text here: https://corporate.mattel.com/news/mattel-names-maluma-supercar-blondie-and-robert-lewandowski-as-its-first-ever-hot-wheels-class-of-legends-in-new-challenge-accepted-campaign
[Category: BizConsumer Products]
Edison International, Southern California Edison Declare Q3 Dividends
ROSEMEAD, California, Aug. 29 -- Edison International, an electric power distributor and energy services company, issued the following news release on Aug. 27, 2026:
* * *
Edison International, Southern California Edison Declare Q3 Dividends
The board of directors of Edison International (NYSE: EIX) today declared a semi-annual dividend of $25.00 per share on the 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B, payable Sept. 15, 2026, to shareholders of record on Sept. 1, 2026.
Additionally, the board of directors of Southern California Edison today declared the following
... Show Full Article
ROSEMEAD, California, Aug. 29 -- Edison International, an electric power distributor and energy services company, issued the following news release on Aug. 27, 2026:
* * *
Edison International, Southern California Edison Declare Q3 Dividends
The board of directors of Edison International (NYSE: EIX) today declared a semi-annual dividend of $25.00 per share on the 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B, payable Sept. 15, 2026, to shareholders of record on Sept. 1, 2026.
Additionally, the board of directors of Southern California Edison today declared the followingquarterly dividends, payable on Sept. 15, 2026, to shareholders of record on Sept. 14, 2026, on the:
* Series G preference stock, which would result in a distribution of $0.31875 per security on SCE Trust II's 5.10% Trust Preference Securities
* Series L preference stock, which would result in a distribution of $0.3125 per security on SCE Trust VI's 5.00% Trust Preference Securities
* Series M preference stock, which would result in a distribution of $0.46875 per security on SCE Trust VII's 7.50% Trust Preference Securities
* Series N preference stock, which would result in a distribution of $0.434375 per security on SCE Trust VIII's 6.95% Trust Preference Securities
* * *
About Edison International
Edison International (NYSE: EIX) is one of the nation's largest electric utility holding companies, focused on providing clean, reliable energy and energy services. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison, a utility delivering electricity to 15 million people across Southern, Central and Coastal California.
* * *
Original text here: https://newsroom.edison.com/releases/edison-international-southern-california-edison-declare-q3-dividends-6927854
[Category: BizEnergy]
Clark Hill: Federal Contractors Gain Some Compliance Relief as DOL Eliminates EO 11246 Regulations
BIRMINGHAM, Michigan, Aug. 29 -- Clark Hill, a law firm, issued the following legal update:
* * *
Federal Contractors Gain Some Compliance Relief as DOL Eliminates EO 11246 Regulations
Executive Summary & Key Business Takeaways
The U.S. Department of Labor (DOL) has issued a final rule eliminating the regulations implementing Executive Order 11246, ending the long-standing federal contractor affirmative action framework and creating a near-term opportunity to reduce compliance burden while preserving the controls needed to manage continuing employment, disability, veteran, state-law, and contract-specific
... Show Full Article
BIRMINGHAM, Michigan, Aug. 29 -- Clark Hill, a law firm, issued the following legal update:
* * *
Federal Contractors Gain Some Compliance Relief as DOL Eliminates EO 11246 Regulations
Executive Summary & Key Business Takeaways
The U.S. Department of Labor (DOL) has issued a final rule eliminating the regulations implementing Executive Order 11246, ending the long-standing federal contractor affirmative action framework and creating a near-term opportunity to reduce compliance burden while preserving the controls needed to manage continuing employment, disability, veteran, state-law, and contract-specificobligations.
What this means for contractors:
* Written affirmative action plans under EO 11246 are no longer required.
* Many workforce analysis, reporting, and recordkeeping obligations tied solely to EO 11246 will be eliminated.
* Contractors may be able to reduce compliance costs and administrative burden.
* Nondiscrimination obligations under Title VII, Section 503, VEVRAA, and other federal, state, and local laws remain in effect.
* Existing contracts, subcontracts, certifications, and compliance programs should be reviewed before changes are implemented.
Business Impact and Continuing Risk
For decades, federal contractors have invested substantial resources in EO 11246 affirmative action plans, workforce analyses, applicant-flow tracking, audit preparation, and related reporting obligations. The final rule permits contractors to reassess those costs, but not to dismantle compliance controls without a contract-by-contract and law-by-law review.
The principal risk is overcorrection: Section 503, VEVRAA, Title VII, state and local employment laws, collective bargaining obligations, agency direction, and specific contract terms may still require policies, records, certifications, or practices that overlap with parts of the prior EO 11246 compliance infrastructure.
For contractors, the most important question is not simply what the rule repeals, but how to capture the savings without creating a gap in contract compliance, employment-law compliance, or future audit defensibility.
Practical Questions for Contractors
* Which EO 11246-driven policies, reports, analyses, or certifications can be stopped, and which should be retained because they support another legal or contractual obligation?
* Do existing contracts, subcontracts, solicitations, grants, or agency instructions still require EO 11246 language or related compliance practices?
* How should contractors document compliance changes now to reduce cost while preserving defensibility in a later audit, investigation, protest, or employment dispute?
What the Final Rule Changes
The final rule removes regulations covering:
* General equal employment opportunity obligations under Executive Order 11246
* Written affirmative action programs
* Race- and sex-based workforce analyses and placement goals
* Affirmative action requirements for construction contractors
* Requirements addressing sex discrimination
* Requirements addressing religious and national-origin discrimination
* Protections related to employee discussions and disclosures of compensation
* Enforcement procedures specific to Executive Order 11246
* Related reporting, recordkeeping, notice, and compliance requirements
The affected provisions appear in 41 C.F.R. Parts 60-1, 60-2, 60-3, 60-4, 60-20, 60-30, 60-40, 60-50, and 60-999. The rule also revises Part 60-30 to remove administrative procedures that depended on Executive Order 11246.
What Is Not Changing
The final rule does not provide a general exemption from employment nondiscrimination law. Section 503 and VEVRAA remain particularly important because they are statutory obligations separate from Executive Order 11246, and contractors should continue to comply with those laws and their implementing regulations, as amended. Contractors should also account for Title VII, the Equal Pay Act, the ADEA, the ADA, other federal employment laws, state and local requirements, and obligations imposed by particular contracts, grants, subcontracts, agreements, procurement programs, consent decrees, collective bargaining agreements, or customer requirements.
What Contractors Should Do Now
Federal contractors and subcontractors should use the transition period (now until October 26, 2026) to build a documented transition plan around three practical advisory workstreams:
1. EO 11246 obligation and contract-clause inventory
Develop a contract-clause and compliance-obligation inventory identifying EO 11246-dependent policies, affirmative action plan components, notices, postings, reports, certifications, flow-down provisions, and workforce data processes, and classify each item as eligible to pause, retain, revise, or confirm with the agency or contracting counterparty.
2. Compliance-burden reduction and record-retention plan
Create a practical reduction plan that separates repealed EO 11246 requirements from continuing Section 503, VEVRAA, Title VII, state-law, contract, grant, subcontract, consent decree, collective bargaining, customer, and record-retention obligations before policies, reports, data sets, or internal processes are discontinued.
3. Subcontract, DEI, and workforce-risk assessment
Review subcontract flow-down clauses, template updates, FAR and agency implementation, class deviations, contracting officer instructions, solicitation changes, and contract modifications, while assessing DEI, hiring, promotion, compensation, training, and related workforce practices against current enforcement priorities.
4. Update contract templates and flow-down clauses with subcontractors
Contractors should not assume that the final rule automatically removes Executive Order 11246 language from existing contracts. Any change should account for the contract's terms and applicable agency instructions.
5. Coordinate across business functions
Legal, human resources, compliance, procurement, information technology, and government contracts teams should coordinate before making changes.
6. Preserve records where required
Contractors should not immediately delete historical affirmative action plans, workforce analyses, or related data.
7. Monitor FAR and agency implementation
Contractors should watch for:
* Federal Acquisition Regulation (FAR) revisions
* Agency supplement changes
* Class deviations
* Contracting officer instructions
* Solicitation updates
* Contract modifications removing or replacing Executive Order 11246 clauses
8. Review state and local requirements separately
The federal rescission does not automatically eliminate independent requirements imposed by states, municipalities, public authorities, or federally assisted contracting programs. Contractors should evaluate the requirements applicable to each contract, project, location, and funding source.
Looking Ahead
The final rule takes effect October 26, 2026. Contractors should use the period before that date to develop and document a careful transition plan, rather than treating the rescission as the end of equal employment compliance activity.
Additional developments are expected as the FAR Council and individual agencies update acquisition regulations, contract clauses, systems, and guidance.
Executive Order 14173's contractor certification provisions may present separate legal and procurement issues. Depending on how agencies implement and enforce those provisions, disputes could arise under the False Claims Act, in bid protests, through contract responsibility determinations, in employment litigation, or through constitutional challenges.
Bottom Line
The final rule gives federal contractors a meaningful opportunity to reduce EO 11246-driven compliance burden, but the safest course is a disciplined transition plan that distinguishes repealed obligations from continuing statutory, state-law, contractual, and procurement requirements. Contractors that act now can reduce unnecessary cost while preserving the records, certifications, and employment controls needed to manage legal and contractual risk.
Contractors who want to capture the benefit of the final rule should consider a targeted review of EO 11246-dependent obligations before October 26, 2026, including contract clauses, subcontract flow-downs, required records, certifications, and workforce practices that may continue to matter under other legal or procurement regimes.
Clark Hill's Government Contracts Team regularly advises federal contractors on compliance obligations, employment practices, contract clauses, flow-down requirements, and evolving regulatory developments. We can assist organizations with EO 11246 transition reviews, compliance-burden reduction plans, contract and subcontract clause inventories, record-retention protocols, and DEI or workforce-risk assessments.
* * *
This publication is intended for general informational purposes only and does not constitute legal advice or a solicitation to provide legal services. The information in this publication is not intended to create, and receipt of it does not constitute a lawyer-client relationship. Readers should not act upon this information without seeking professional legal counsel. The views and opinions expressed herein represent those of the individual author only and are not necessarily the views of Clark Hill PLC. Although we attempt to ensure that postings on our website are complete, accurate, and up to date, we assume no responsibility for their completeness, accuracy, or timeliness.
* * *
Original text here: https://www.clarkhill.com/news-events/news/dol-ends-eo-11246-rules-federal-contractors/
[Category: BizLaw/Legal]
Bracewell Advises Rockland Capital on Sale of PJM Portfolio to Hull Street Energy
HOUSTON, Texas, Aug. 29 -- Bracewell, a law firm, issued the following news release:
* * *
Bracewell Advises Rockland Capital on Sale of PJM Portfolio to Hull Street Energy
Bracewell LLP advised Rockland Capital, LP in the sale of two power plants totaling 1,263 MW of capacity to Hull Street Energy, LLC. The transaction was funded with equity from HSE managed funds and committed senior secured debt financing. The acquired assets, together comprising the "GridFlex Portfolio," will join Milepost Power, HSE's thermal power generation platform.
The GridFlex Portfolio consists of Lee County Generating
... Show Full Article
HOUSTON, Texas, Aug. 29 -- Bracewell, a law firm, issued the following news release:
* * *
Bracewell Advises Rockland Capital on Sale of PJM Portfolio to Hull Street Energy
Bracewell LLP advised Rockland Capital, LP in the sale of two power plants totaling 1,263 MW of capacity to Hull Street Energy, LLC. The transaction was funded with equity from HSE managed funds and committed senior secured debt financing. The acquired assets, together comprising the "GridFlex Portfolio," will join Milepost Power, HSE's thermal power generation platform.
The GridFlex Portfolio consists of Lee County GeneratingStation, a 677 MW natural gas turbine facility in Illinois, and Tait Electric Generating Station, a 586 MW dual-fuel facility in Ohio. Both facilities are located in the PJM market, where they provide capacity and operational flexibility to support grid reliability.
Bracewell lawyers involved in the transaction included:
Partners: Ryan S. Holcomb, Catherine P. McCarthy, Amber K. Dodds and Timothy A. Wilkins
Senior Counsel: Tamara L. McKinzie
Counsel: Jacqueline R. Java and Daniel J. Pope
Associates: Caroline E. Rao, Chase V. Edmunds, Kennedy Williams, Boris B. Shkuta and Faren M. Bartholomew
* * *
URL: Rockland Capital
* * *
Original text here: https://www.bracewell.com/news-events/bracewell-advises-rockland-capital-on-sale-of-pjm-portfolio-to-hull-street-energy/
[Category: BizLaw/Legal]
