© 2013 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(December 19) – MidAmerican Energy Holdings, Inc. on Thursday closed its $10 billion acquisition of Nevada’s primary energy utility, NV Energy, Inc.
It marks the first time for MidAmerican to acquire a public company.
The deal concluded after the companies received the final required state and federal regulatory approvals and clearances from the Public Utilities Commission of Nevada, the Federal Energy Regulatory Commission and the U.S. Department of Justice.
Gibson Dunn’s Dallas office advised Des Moines, Iowa-based MidAmerican. Corporate partner Rob Little led the transaction, while corporate associates Jonathan Whalen and Chris Babcock assisted. Attorneys from the firm’s New York and Washington, D.C. offices were also involved.
Sidley Austin represented Las Vegas-based NV Energy, but Little said none of the attorneys were Texas-based. NV Energy will operate as a separate, locally-managed company and its headquarters will remain in Las Vegas.
This was Little’s first time to represent MidAmerican, but Gibson Dunn for a long time has represented the company on all of its major transactions, Little said.
As far as potential trends this transaction might represent, Little said there could be more consolidation with the power industry in the year to come.
The deal closed earlier than its original predicted date in the first quarter of 2014. Little said they signed the merger agreement “in a very short period of time.”
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