Legal firm Sutherland Asbill & Brennan LLP announced Sept. 1 that it represented Rockland Capital LLC in connection with its affiliate, Redback Power LLC, acquiring a 100% interest in the Victoria Power Station, a natural gas-fired combined cycle facility located in Victoria, Texas.
Rockland acquired its interest in Victoria from an affiliate of Arclight Capital Partners LLC. Victoria is a 290-MW plant that sells power into the Electric Reliability Council of Texas market. The plant is a repowering of a mothballed oil plant and commenced commercial operation in 2009.
Sutherland Energy, Environmental and Commodities Partner Thomas H. Warren led the deal team on the acquisition. Sutherland’s Energy, Environmental and Commodities Practice Group includes more than 70 lawyers who act for crude oil, natural gas, LNG, electric power, electric cooperative, renewable and alternative energy, oil pipeline and nuclear energy clients.
Victoria WLE LP on June 24 had notified the Federal Energy Regulatory Commission of a change in facts related to its exempt wholesale generator (EWG) status. On June 1, Redback Power LLC and Redback Power LP LLC, which are subsidiaries of Rockland Power Partners II LP, purchased all of the interests in Victoria WLE.
A company contact is: Will Zapalac, Rockland Capital LLC, 24 Waterway Avenue, Suite 800, The Woodlands, TX 77380, Tel: 281.863.9007, firstname.lastname@example.org.
Rockland Capital, a private equity firm founded in 2003, is focused on the acquisition, optimization and development of companies and projects in the North American power sector.
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