OGE purchases Redbud power plant from Kelson
Clients OGE Energy Corp.
Jones Day assisted OGE Energy Corp. with the $852 million acquisition of the Redbud power plant in Oklahoma from Kelson Holdings. OGE acquired a 51 percent interest in the 1,230-megawatt plant for a purchase price of about $434.5 million, and will operate the plant. In addition to energy regulatory representation, Jones Day provided antitrust, environmental, M&A, and real estate advice regarding this transaction.