Houston, Washington, D.C. 26 May 2026 — Global law firm Hogan Lovells has advised The Government of The Bahamas on its recent acquisition of all outstanding ordinary shares of The Grand Bahama Power Company Ltd. in an all-cash purchase.
The Government of The Bahamas has stated that the transaction will align electricity rates with those paid elsewhere in the country, with customers expected to see savings in the immediate future. The move is intended to reduce electricity costs for residents while fully integrating the island into the national energy strategy.
The Hogan Lovells deal team was led by partners David Locascio (IERP, Houston), Nicola Lemay (Tax, Pensions & Benefits, Boston), and Scott Lilienthal (Tax, Pensions & Benefits, Washington, D.C.), and associate Shujie Shao (General Corporate & Finance, Houston). The financing side of the acquisition was led by Gordon Wilson (Banking & Loan Finance, Washington, D.C.), counsel Ao Chen (Banking & Loan Finance, New York), and associate Diane Shin (General Corporate & Finance, New York).
This deal is the latest in a long line of transactions the firm has advised on for The Government, spanning several decades and a broad range of practice areas. Notably, last year, the firm advised the Government of The Bahamas on a series of landmark energy deals to bring cleaner and more affordable power to The Bahamas.
