Axium Infrastructures’s Acquisition of a 375-mile Electric Power Transmission System in Texas

Winston & Strawn LLP represented Axium Infrastructure, an independent North American infrastructure portfolio management firm, in connection with its acquisition, and the financing of the acquisition, of 100% of the membership interests in WETT Holdings LLC, owner of 100% of the membership interests in Wind Energy Transmission Texas, LLC (WETT), from PSP Investments and Brookfield Infrastructure Partners. WETT owns and operates 375 miles of 345 kV transmission lines and six substations across 11 West Texas counties as part of the Competitive Renewable Energy Zone program. All of WETT’s transmission facilities are located within the Electric Reliability Council of Texas interconnection. WETT is rate-regulated by the Public Utility Commission of Texas, which approved the transaction in mid-July 2020.