Citicorp North America and Berkshire Hathaway Energy

O’Melveny represented Citicorp and Berkshire Hathaway in connection with their commitment to acquire preferred equity interests in the approximately US$219 million Shannon wind power project being developed by Alterra Power Corp. and Starwood Energy Group in Clay County, Texas. The project, anticipated to have a nameplate capacity of approximately 204.1 MW, expects to generate a significant portion of its expected cash flow from an energy hedge agreement with Citigroup Energy Inc. O’Melveny also counseled Citicorp and Berkshire Hathaway in regards to their equity investment in and financing of an approximately 300.3 MW US$390 million South Plains Wind Energy II power project being developed by SunEdison, Inc. in Floyd County, Texas.