Rocco Sebastiano Rocco Sebastiano

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: June 4, 2024 Value: $1.19 billion

The IESO in its procurement of seven new battery storage projects and two new natural gas-fired generators

After more than a decade of strong supply, Ontario is entering a period of emerging electricity system needs, including decarbonization. Recognizing the necessity to address these needs in a timely, cost-effective and flexible manner, the Independent Electricity System Operator (the IESO)...

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

Independent Electricity System Operator in respect of the Oneida Battery Storage facility

On February 10, 2023, the Independent Electricity System Operator announced entering into an Energy Storage Facility Agreement for the Oneida Energy Storage Project. The Oneida Energy Storage project is a 250 MW/1000 MWh energy storage facility located in Southwestern Ontario. This is...

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

The lenders in Ontario Power Generation’s US$750 million revolving credit facility

On December 17, 2020, Ontario Power Generation announced its US$750 million Senior Unsecured revolving standby credit facility. Mizuho Bank acted as administrative agent and sole lead arranger and Royal Bank of Canada acted as Sustainability Structuring Agent. The facility is the first time a...

Lead Office: Toronto Date Closed: November 24, 2020 Value: US$750 million

A syndicate of lenders in connection with the $1.9 billion Wataynikaneyap Power Transmission Project

On October 29, 2019, Wataynikaneyap Power announced the close of financing for the Ontario Grid Connection project, Osler acted as counsel to a syndicate of lenders. The project will connect 17 remote First Nation communities in Northern Ontario, to Ontario’s power grid through the...

Lead Office: Toronto Date Closed: October 1, 2019 Value: $1.9 billion