McGuireWoods advised Hull Street Energy in its agreement to purchase Consumers Energy’s hydropower fleet, a major acquisition comprising 13 dams across Michigan with a combined installed capacity of 132 MW.
Hull Street Energy, which owns and operates hydroelectric facilities across North America, will deploy capital resources to upgrade the projects, ensuring the facilities continue to safely deliver reliable, clean energy to Michigan customers and support economic and recreational opportunities critical to local communities.
Brian Kelly, Emily Blair, Mark Staines, David Franchina and Heather Welch Arbogast led the McGuireWoods team representing Hull Street Energy. Caitlin Maloney Haus, Julia English, Jude Leblanc, Laura Grace Mezher, David Martin Connelly, Adam Simons, Wrede H. Smith III, Michelle Lim Harris, Jacob Lubinski, Ann Terrell Dorsett, John Ellison and Matthew Giordano also advised on the transaction.
“Our team was proud to advise Hull Street Energy on this major acquisition, which advances the company’s commitment to investing in the clean energy transition and ensures the long-term viability of Michigan’s hydropower infrastructure,” said Kelly, co-leader of McGuireWoods’ energy industry team.
Hull Street Energy is a private equity firm that specializes in deploying capital into the power sector as it decarbonizes and grows. Headquartered in Bethesda, Maryland, the firm leverages decades of experience in North American electricity infrastructure, including generation, storage, transmission, distribution and load-serving businesses.
McGuireWoods is a recognized leader in advising energy clients on mergers, acquisitions and financing transactions across the energy value chain. The firm represents all major industry players, including utilities, independent power producers, developers, private equity investors, sponsors, lenders and other market participants. McGuireWoods consistently earns nationwide rankings for its energy transactional, regulatory and litigation capabilities, most recently in the Legal 500 United States, the respected independent guide to the country’s top firms and lawyers.