Shearman & Sterling Project Development & Finance partner, Paul Epstein, was a panelist for the ‘P3 Electrified Summit’ organized by P3C Media, which was held earlier this month in San Diego. Paul’s presentation highlighted public-private partnership (P3) funding opportunities within the Environmental Protection Agency’s (EPA) Water Infrastructure Finance and Innovation Act (WIFIA) program.

Shearman & Sterling represented Chesapeake Utilities Corporation in a definitive agreement to acquire Florida City Gas from NextEra Energy, Inc. for $923 million in cash. Upon close of the transaction, expected by the end of the fourth quarter of 2023, Florida City Gas will become a wholly-owned subsidiary of Chesapeake Utilities.

Shearman & Sterling Compensation, Governance & ERISA partners Doreen E. Lilienfeld and Gillian Emmett Moldowan have been named in the 17th edition of the Lawdragon “500 Leading Corporate Employment Lawyers” guide.

Shearman & Sterling advised leading green fuels company InterContinental Energy on its $115 million capital raise. The capital raise involved an increase by Singapore’s sovereign wealth fund GIC of its existing investment in InterContinental Energy and a new investment from Hy24, a European clean hydrogen investment fund.

Shearman & Sterling represented BMO Capital Markets, BofA Securities, Goldman Sachs & Co. LLC, J.P. Morgan and Societe Generale, as lead underwriters, in connection with Bank of Montreal’s registered public offering of $2.5 billion of medium-term notes, comprised of $1.2 billion aggregate principal amount of its 5.920% Senior Notes due 2025, $1 billion aggregate principal amount of its 5.717% Senior Notes due 2028 and $300 million aggregate principal amount of its Floating Rate Notes due 2025, under its U.S. medium-term note program.

Shearman & Sterling represented ACEN Renewables on its joint venture with ib vogt to establish a platform for the financing, construction and operation of large-scale solar power plants across Asia.