Sheppard Mullin represented Sky Global Partners, a leading power plant developer and operator, in connection with Kerrville Public Utility Board's (KPUB) $175 million electric utility plant project in Colorado County, Texas. This is the first project to execute a loan agreement under the newly established Texas Energy Fund.
Located approximately 75 miles west of Houston, KPUB's 122-megawatt natural gas-fired facility is designed to deliver fast-start, dispatchable generation that supports grid reliability and ratepayer stability during peak demand and extreme weather events. The site's immediate access to four natural gas pipelinesand its proximity to existing substation and transmission infrastructure will allow the utility to leverage existing infrastructure and access additional operational resources. Construction is expected to begin in fall 2025, with commercial operations targeted for June 2027.
Sky Global Partners will manage the development and long-term plant operations for the project. The KPUB plant is modeled after the nearby Sky Global Power One facility, a 50-megawatt reciprocating internal combustion engine (RICE) plant developed to serve San Bernard Electric Cooperative. That facility achieved 99.6% availability during Winter Storm Uri in 2021—despite widespread power generation failures statewide.
The Sheppard Mullin team that advised Sky Global Partners on the KPUB facility project was led by partner Steve Peterson and included partners John Crisp, Anthony Girolami, Julie Marion, Chad Mills and Kathryn Shurin, special counsel Donna Harris and associates Kristina Rahimi and Matthew Turner.
Read the press release here.