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Deal Note: Crowell & Moring Client, NRG Yield, Inc. Announces Acquisition of Second Set of Assets from NRG Energy, Inc.

Firm News | less than 1 min read | 11.04.14

Washington, D.C. – November 4, 2014: Crowell & Moring, LLP represented client NRG Yield, Inc. in the negotiation of a definitive agreement to acquire the following assets from NRG Energy: Walnut Creek, Tapestry and Laredo Ridge for $480 million in total cash consideration, plus assumed project debt of $746 million excluding adjustments for working capital at close. The sale is subject to certain third party approvals and is expected to close this quarter. These assets will augment NRG Yield's portfolio with an additional 211 MW of wind generation and 500 MW of natural gas generation.

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Firm News | 2 min read | 08.07.26

Crowell & Moring Secures Supreme Court Victory for the Alliance for Responsible Atmospheric Policy and the Air-Conditioning, Heating, and Refrigeration Institute

Washington: Crowell & Moring secured a U.S. Supreme Court victory on behalf of the Alliance for Responsible Atmospheric Policy (ARAP) and the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) when the Court denied RMS of Georgia’s petition for writ of certiorari in RMS of Georgia v. Environmental Protection Agency. This ruling preserves a favorable decision by the U.S. Court of Appeals for the District of Columbia Circuit regarding implementation of the American Innovation and Manufacturing Act (AIM Act). The AIM Act provides for the phasedown of the use of hydrofluorocarbons (HFC) based on their high global warming potential. HFCs are used in many important sectors of the economy including air-conditioning and refrigeration, insulating foams, industrial solvents, aerosol sprays, and laboratory equipment. ARAP and AHRI, as associations representing businesses that produce and use HFCs and their replacements, have a vital interest in the orderly implementation of the AIM Act....