Buchanan Cross Section Team Advises Lending Group in One of the Largest Coal-To-Natural Gas Power Conversion Projects

A Buchanan team including Donald E. Malecki, Brian J. Clark, Alan M. Seltzer, John F. Povilaitis, Jason A. D’Amico, Brian C. Wauhop and David A. Pearl recently advised the lending group in connection with the financing of one of the largest coal-to-natural-gas power conversion projects in the United States.

According to a press release distributed by Panda Power Funds, the company has financed the 1,124 megawatt Panda “Hummel Station” power plant which will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.

“The state-of-the-art Hummel Station generating facility will utilize the latest, most advanced emissions-control technology — making it one of the cleanest natural gas-fueled power plants in the nation,” the release stated.

Advising the client on all Pennsylvania aspects of the deal, the Buchanan team each focused on their particular area. Clark and Wauhop handled environmental matters, while Seltzer and Povilaitis took the lead on electric and gas generation issues related to the deal. Pearl, along with D’Amico handled real estate matters, while Malecki served as the lead finance person on the deal.