The Firm represented PPL Montana, LLC, based in Montana, a subsidiary of PPL Corporation, in an agreement to sell its hydroelectric facilities to NorthWestern Corporation for $900 million.
PPL Corporation, with 2012 revenue of more than $12 billion, is one of the largest companies in the U.S. utility sector. The PPL family of companies delivers electricity and natural gas to about 10 million customers in the United States and the United Kingdom, owns more than 18,000 megawatts of generating capacity in the United States and sells energy in key U.S. markets.
The Simpson Thacher team included David Lieberman, Brian Chisling, Scott Naturman, Christopher Dass and Grant Manning (M&A); Robert Holo, Andrew Purcell and Vanessa Grieve (Tax); Gregory Grogan, Jamin Koslowe and Scott Mathias (Executive Compensation); Michael Isby (Environmental); and Mardi Merjian (Real Estate).
