Power Company Acquisition
- Client: Northern Indiana Public Service Company
- Date: May 2008
- Location: West Terra Haute, Indiana
Summary:
Schiff Hardin attorneys represented Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource Inc., in the purchase of Sugar Creek Power Company, LLC from a subsidiary of LS Power Fund.
Sugar Creek owns a 535 megawatt natural gas-fired, combined cycle electric generating plant located in West Terre Haute, Indiana. The total purchase price for the transaction was approximately $330 million. Sugar Creek was merged into NIPSCO and the Sugar Creek power plant is now an asset of the utility.
Our representation drew on the talents of attorneys from our Corporate and Securities, Real Estate, Energy, Environmental and Tax groups.