Hunton Andrews Kurth LLP advised the purchasers in connection with Bluewater Gas Storage, LLC’s (Bluewater) issuance of $25 million aggregate principal amount of its 5.41% Senior Notes due November 1, 2041, in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended.
Bluewater owns a 31 Bcf (billion cubic feet) natural gas storage facility in Michigan, with interconnections to hubs in Chicago, Illinois and Dawn, Ontario. Bluewater also leases a 3 Bcf natural gas storage facility from its affiliate, BGS Kimball Gas Storage, LLC. Bluewater contracts with customers for natural gas storage at both facilities under its market-based tariff approved by the Federal Energy Regulatory Commission. Bluewater is a wholly owned subsidiary of Bluewater Natural Gas Holding, LLC, which is a wholly owned subsidiary of WEC Energy Group, Inc.
The Hunton Andrews Kurth team included Adam R. O’Brian, Patrick C. Jamieson, Monika M. Dziewa and Josh Van Kirk.