Tennessee Energy Acquisition Corporation (TEAC)—Natural gas prepayment transaction

Served as general counsel and gas and swap counsel to the Tennessee Energy Acquisition Corporation, a Tennessee governmental entity, in closing on a natural gas prepayment transaction for the purchase of a long-term supply of natural gas from an affiliate of The Goldman Sachs Group that was financed by TEAC’s issuance of $1,236,660,000 of tax-exempt revenue bonds (Series 2025A). Under the funded project, TEAC will provide discounted natural gas supplies to 18 of its member systems in Tennessee and to Colorado Springs Utilities in Colorado Springs, CO, all of whom operate publicly owned natural gas distribution system. The project will save those municipalities and the consumers they serve approximately $27 million over the next 10 years.