In the News

Morgan Lewis Advises SJI on the Sale of Marina Thermal Facility

February 19, 2020

BOSTON, February 19, 2020: Morgan Lewis represented SJI in connection with the sale of its Marina Thermal Facility to DTE Energy Services for approximately $100 million in cash, through its wholly owned subsidiary, Marina Energy LLC.

Located in Atlantic City, New Jersey, the Marina Thermal Facility is an eight-megawatt combined heat and power generation facility that provides electricity and hot and chilled water to both Borgata Hotel Casino & Spa and The Water Club.

SJI, an energy services holding company based in Folsom, NJ, delivers energy services to its customers through three primary subsidiaries.

Partners Michael Muller and Kirstin Gibbs and associate Kathryn Ostman, with assistance from of counsel Christopher McAuliffe, led the Morgan Lewis team advising SJI.

For more, read SJI’s announcement.