Energy

TC Energy Corporation in its $1 billion Indigenous equity ownership agreement

On July 30, 2024, TC Energy Corporation announced an equity interest purchase agreement (Agreement) with an Indigenous-owned investment partnership for a minority equity interest of 5.34 per cent in the NGTL System and the Foothills Pipeline assets (together, Partnership Assets) for a gross...

Lead Office: Calgary Date Announced: Jul 30, 2024 Value: $1 billion

Emera Inc. in the sale of its interest in the Labrador Island Link

Osler advised Emera Inc. in the sale of its minority equity interest in the Labrador Island Link, a critical energy transmission asset in Newfoundland and Labrador, to Kohlberg Kravis Roberts & Co. for a total transaction value of $1.19 billion. The transaction value was made up of $957...

Lead Office: Toronto Date Announced: Jun 4, 2024 Value: $1.19 billion

NOVA Chemicals Corporation in its Offering of US$400 million Senior Secured Notes and its Offering of US$650 million of Senior Unsecured Notes

Osler represented NOVA Chemicals Corporation (“NOVA”) in its 2023 private placement of US$400 million senior secured notes due 2028 (the “2028 Notes”) and its 2024 private placement of US$650 million senior unsecured notes due 2030(the “2030...

Lead Office: Toronto Date Closed: February 5, 2024 Value: US400 million and US$650 million

Powerside in its securing of strategic growth funding from Energy Growth Momentum LP.

On December 12, 2023, Powerside dba (Power Survey and Equipment Ltd.). announced its securing strategic growth funding from Energy Growth Momentum LP. This funding will be used for power quality product platform and expansion. Powerside offers innovative solutions for power intelligence...

Lead Office: Montreal Date Announced: Dec 12, 2023 Value: --

Significant decision at the Supreme Court of Canada: five judge majority finds the Impact Assessment Act unconstitutional

On October 13, 2023, The Supreme Court of Canada released its reasons opining on the constitutionality of the federal Impact Assessment Act, SC 2019, c 28, s 1 and Physical Activities Regulations, SOR/2019-285 (together, the IAA).A majority of the Court, comprised of five judges, held that...

Lead Office: Calgary Date Closed: October 13, 2023 Value: -

TransAlta Corporation in its acquisition of 50% interest in an early-stage pumped hydro energy storage development project

On February 16, 2023, TransAlta Corporation announced that it entered into a definitive agreement to acquire a 50 percent interest in the Tent Mountain Renewable Energy Complex, an early-stage pumped hydro storage development project located in southwest Alberta, from Montem Resources Limited....

Lead Office: Calgary Date Closed: -- Value: -

AFARA in its acquisition by EY Canada

On September 6, 2022, AFARA announced it had been acquired by EY Canada, a subsidiary of Ernst & Young, a global leader in assurance, tax, transaction and advisory services. With this acquisition, AFARA and its team of multidisciplinary consultants will join EY Canada’s team to deepen...

Lead Office: Vancouver Date Closed: September 6, 2022 Value: -

Energy Transfer Canada in connection with Pembina Pipeline Corporation and KKR’s joint venture to merge Western Canadian processing assets

On August 15, 2022, Pembina Pipeline Corporation completed its joint venture with KKR to combine their respective western Canadian natural gas processing assets into a single, new joint venture entity called “Newco”. Included in this transaction are Pembina's...

Lead Office: Calgary Date Closed: 15 August 2022 Value: $11.4 billion

Drax Group in the acquisition of Princeton Standard Pellet Corporation’s pellet plant

On August 3, 2022, Drax Group announced it had signed an agreement with Princeton Standard Pellet Corporation to acquire its pellet plant in Princeton, British Columbia. The plant is expected to contribute to Drax Group’s strategy to increase pellet production to 8 million tonnes a year by 2030...

Lead Office: Toronto Date Closed: -- Value: -

CarbiCrete in its combined $23.5 million Series A financing round

On March 24, 2022, CarbiCrete announced it had secured $15 million (US$12 million) in the first closing of their Series A financing round led by FS Investors with participation from Arc Energy Fund 9, Something Good Ventures, New Climate Ventures and Innovobot. On May 12, 2022, CarbiCrete announced...

Lead Office: Montreal Date Closed: May 12, 2022 Value: $23.5 million