We represented Tennergy Corporation in connection with a $633.6 million tax-exempt natural gas prepay bond transaction. This was a significant deal for Tennergy, as it allows the corporation to prepay for natural gas, which is then sold to utilities in Tennessee and Kentucky. With Tennessee shifting from coal to natural gas, and no proven natural gas reserves in the state, this transaction supports the increasing reliance on natural gas for energy needs.
For more information on this transaction, click here.