Weil, Gotshal & Manges Advises Brascan in $900 Million Purchase of Upstate New York Energy Assets From Reliant Energy
May 24 2004 - 2:42PM
PR Newswire (US)
Weil, Gotshal & Manges Advises Brascan in $900 Million Purchase
of Upstate New York Energy Assets From Reliant Energy Transaction
Valued at $900 Million NEW YORK, May 24 /PRNewswire/ -- Weil,
Gotshal & Manges LLP, one of the world's leading law firms,
advised Brascan Corporation in its agreement to acquire 71
hydroelectric power generating plants, totaling 674 megawatts of
capacity, and one 95 megawatt co-generation facility, in upstate
New York, from Reliant Energy Inc. for US$900 million. The
transaction is subject to federal and New York State regulatory
approval and is expected to close in the third quarter of 2004.
Brascan Corporation is an asset management company. With a focus on
real estate and power generation, the company has direct
investments of $17 billion and a further $7 billion of assets under
management. Weil, Gotshal & Manges LLP is an international law
firm of more than 1,100 attorneys, including approximately 300
partners. Weil Gotshal is headquartered in New York, with offices
in Austin, Boston, Brussels, Budapest, Dallas, Frankfurt, Houston,
London, Miami, Munich, Paris, Prague, Silicon Valley, Singapore,
Warsaw and Washington, D.C. Weil, Gotshal & Manges LLP's Team
Partners: Simeon Gold and J. Philip Rosen (Corporate - New York);
Steven M. Peck (Corporate - Boston); Annemargaret Connolly
(Litigation/Regulatory - Washington D.C.); Helyn S. Goldstein (Tax
- New York); Debra J. Pearlstein (Litigation/Regulatory - New York)
Counsel: Holly Washington Loiseau (Litigation/Regulatory -
Washington D.C.); Lawrence J. Baer (Litigation/Regulatory - New
York) Associates: Paul D. Fasciano and Bryan M. Mignone (Corporate
- New York); Chrystal L. Dyer-Laroche, Brett J. Grossman, Ernie
Padron and Lisa B. Gordon (Property - New York); Kenneth Gavsie
(Litigation/Regulatory - New York); Joseph Miller (Corporate -
Washington D.C.); Lisa R. Fine ((Litigation/Regulatory - Washington
D.C.); John O'Loughlin (Litigation/Regulatory - Washington D.C.);
Dale G. Nissenbaum (Litigation/Regulatory - New York); Jacob S.
Lee, Nancy Y. Tong and Christina Y. Lee (Tax - New York)
DATASOURCE: Weil, Gotshal & Manges LLP CONTACT: Les Zuke of
Weil, Gotshal & Manges LLP, +1-212-310-8410; Jill Goodkind of
Rubenstein Associates, +1-212-843-8017, for Weil, Gotshal &
Manges LLP Web site: http://www.weil.com/
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