Mayer Brown announced that it is representing TransCanada Corporation in the sale of its US Northeast power business. The firm is advising on the disposition of TransCanada’s interests of Ravenswood Generating Station, Ironwood Power Plant, Ocean State Power plant and Kibby Wind Power generation facilities to Helix Generation, LLC, an affiliate of LS Power Equity Advisors for $2.2 billion. Additionally, the firm is advising on the disposition of TransCanada’s interests in TC Hydro to Great River Hydro, LLC, an affiliate of ArcLight Capital Partners, LLC. The two sale transactions are expected to close in the first half of 2017 subject to certain regulatory and other approvals and will include closing adjustments.

The Mayer Brown team is led by Corporate & Securities partners Marc Sperber, Andrew Noreuil and Jennifer Keating (all Chicago) and Corporate & Securities associates Magnus Karlberg (New York) and Peter Wolf (Chicago). The team also includes lawyers from the firm’s Banking & Finance, Business Technology & Sourcing, Corporate & Securities, Employment & Benefits, Environmental, Real Estate and Tax Transactions & Consulting practices in Chicago, Houston, New York and Washington DC.