(PRWEB) July 20, 2012
A team of Haynes and Boone, LLP attorneys from four offices advised Panda Power Funds on the completion of secured financing to develop a natural gas-fired power plant in Temple, Texas. This generation will be important to the Electric Reliability Council of Texas, Inc. (ERCOT) power region in adding much-needed new capacity as a result of rapidly declining reserve margins.
According to the private equity firm’s announcement, the power plant will eventually supply power to 750,000 homes in central and north Texas with commercial operations targeted by 2014.
The Haynes and Boone team included Mary S. Mendoza of the firm’s environmental practice group and Austin administrative partner as lead environmental counsel; San Antonio Partner Diana Liebmann and Houston Partner Jeff Nichols of the firm’s energy and power practice group as lead regulatory and Texas project counsel; Dallas Partner Janice V. Sharry of the firm’s corporate, mergers and acquisitions practice group, Dallas Partner Sue P. Murphy and New York Partner Gil Porter of the firm’s finance practice group as special finance counsel.
About Haynes and Boone
Haynes and Boone, LLP is an international corporate law firm with offices in Texas, New York, California, Washington, D.C., Mexico City and Moscow, providing a full spectrum of legal services. With more than 525 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal and has been named a "Top Corporate Law Firm in America" (Corporate Board Member Magazine, 2001-2012).