backNEW YORK, July 7, 2023 — King & Spalding has advised on IJGlobal’s North America Deal of the Year for Power Transmission.
King & Spalding represented Transmission Developers, Inc. – a Blackstone portfolio company – on its development of the Champlain Hudson Power Express (CHPE) project, a multi-billion-dollar, 339-mile-long high-voltage-direct-current (HVDC) transmission line, which will deliver 1,250 MW of clean, renewable hydro power from the U.S.-Canadian border to New York City. The renewable project delivering large quantities of clean power to New York City is one of the first of its kind to be developed in the U.S. and will be the second largest of its kind in the world.
The representation included negotiations with some of the world’s largest power infrastructure suppliers and contractors to design, procure and construct the marine route, terrestrial route, and DC to AC converter station in Astoria, Queens, New York. The firm has advised Blackstone and CHPE for over five years in connection with the project development.