News

Paul Hastings Advised on the Financing of Chief Power Finance, LLC’s Acquisition of Coal-Fired Power Plants in Pennsylvania

New York, NY- Paul Hastings LLP, a leading global law firm, represented Morgan Stanley Senior Funding, Inc. and Barclays Bank PLC as lead arrangers on the financing for the acquisition of certain undivided ownership interests in the 1,711 MW Keystone and the 1,711 MW Conemaugh coal-fired generating facilities in Western Pennsylvania by the subsidiaries of Chief Power Finance, LLC., a company formed by ArcLight Energy Capital Partners Fund V, LP.

The financing consisted of a US$351 million term facility and $40 million revolving facility.

Leveraged Finance partner 

led the Paul Hastings team, which included of counsel

Benjamin Cheng

, and associates 

Julie Park

and

Cecilia Wang

. Energy Regulatory partner 

William DeGrandis

and associate 

Stephen Snyder

and Real Estate partner 

Bradley Ritter

and associates 

Jessica Simons

and

David Stanek

, Environmental partner 

Thomas Mounteer

and associate 

Jeff Allmon

, and Tax partner 

Andrew Short

and associate 

Grace Sur

also advised on the deal. 

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit

for more information.