- Served as counsel to the Jacksonville Transportation Authority (JTA) in procuring the design, build, finance, operation and maintenance of a Compressed Natural Gas (CNG) facility on a public-private partnership (P3) basis. Our team played a central role in the development of this intricate project, guiding JTA on all issues related to procurement options, project delivery methods, evaluation and award, contracting and risk management.
- Represented TECO Energy and Seacoast Gas Transmission in connection with its 51-mile natural gas transmission and distribution pipeline project providing clean energy to the Jacksonville Electric Authority (JEA) Greenland power plant in Jacksonville, Florida. This P3 project included an agreement between TECO and JEA regarding the installation, purchase and operation of part of the natural gas pipeline.
- Served as counsel to the Florida Governmental Utility Authority (FGUA) in connection with the acquisition of private utility assets located in over 30 Florida Counties in the aggregate amount of approximately $124,000,000. The utility assets were privately owned and operated and, in connection with the financing, FGUA undertook significant capital improvements to upgrade and improve the operation of the utilities. This transaction was structured to allow local governments in the various jurisdictions to acquire these utilities, incorporate them into their respective utility systems and assume the existing debt financing obligations from FGUA. The Firm undertook substantial due diligence in connection with this transaction, including the review of all regulatory permits and approvals, review and disclosure of the acquisition agreement and review and disclosure of the capital improvement plan.
- Currently serves as Disclosure Counsel to Gainesville Regional Utilities (GRU) in connection with their debt financings. Broad and Cassel is responsible for undertaking due diligence regarding GRU’s system and operations, its regulatory permits, including any regulatory actions or settlements. The Firm also undertakes due diligence review of the engineer condition reports and revenue projections and the five year plan for future capital improvements. Finally, the Firm also performs a diligence review and disclosure of the utilities rate and fee structure.