Ballard Spahr attorneys have been working for 14 months with the Philadelphia mayor’s office on the proposed $1.86 billion sale of Philadelphia Gas Works to UIL Holdings Corp.—the largest deal in the City's history. Ballard partner Gregory L. Seltzer led the team in a complicated arrangement that the Pennsylvania Public Utilities Commission and City Council scrutinized.

“I really firmly believe that one of our jobs in this process was to give City Council a deal that—when they look at it—they have trouble finding reasons why it’s not in the best interest of the city,” Mr. Seltzer said. He also said the deal presented obstacles not often found in conventional private transactions, chief among which was finding common ground with his client, Mayor Nutter's office: “It posed a challenge in educating our client in a way that would draw out their concerns and issues. What I viewed as important is not necessarily what the mayor and the city viewed as important.”

Labor and employment partner Shannon Farmer worked on addressing the concerns of current PGW employees. She told Law360, “The challenge was to negotiate an APA that addresses some of the uncertainty that employees may be facing but does not scare off the bidder.”

Related Practices

Business and Finance
Employee Benefits and Executive Compensation
Labor and Employment
Mergers and Acquisitions/Private Equity
P3/Infrastructure
Public Finance