Power and Utilities Power and Utilities

Newterra Group Ltd. in its acquisition by Frontenac

On November 2, 2020, Frontenac announced it has acquired Newterra Group Ltd. from its current shareholders including XPV Water Partners and Angeleno Group LLC. The acquisition will allow Newterra to continue its plans for both organic and inorganic expansion. The transaction will also aid...

Lead Office: Toronto Date Closed: November 2, 2020 Value: -

Hydro One Inc. in its $1.2 billion offering of Medium Term Notes

On October 9, 2020, Hydro One Inc., a wholly owned subsidiary of Hydro One Limited, completed its previously announced $1.2 billion multi-tranche offering of Medium Term Notes. The offering consisted of $600 million aggregate principal amount of 0.71% Medium Term Notes due 2023, $400...

Lead Office: Toronto Date Closed: October 9, 2020 Value: $1.2 billion

Just Energy Group Inc. in connection with its $1.1 billion recapitalization transaction

Osler, Hoskin & Harcourt LLP advised Just Energy Group Inc. (“Just Energy”) in connection with its $1.1 billion recapitalization transaction (the “Recapitalization Transaction”) pursuant to a plan of arrangement under the Canada Business Corporations Act (the...

Lead Office: Toronto Date Closed: September 28, 2020 Value: $1.1 billion

SP Armow Wind Ontario LP in its $700 million financing

On September 21, 2020, SP Armow Wind Ontario LP completed its $700 million financing in non-recourse debt to finance working capital requirements for the Armow wind farm in Canada. SP Armow Wind Ontario LP is a 50/50 joint venture comprising of Pattern Energy Group and Samsung Renewable Energy...

Lead Office: Toronto Date Closed: September 21, 2020 Value: $700 million

The Syndicate of Dealers in AltaLink’s $225 million notes offering

On September 11, 2020,  AltaLink issued $225 million of 1.509% Senior Secured Notes due 2030 on a private placement basis, with a syndicate led by Scotia Capital Inc., RBC Dominion Securities Inc. and BMO Nesbitt Burns Inc. The proceeds from the offering will be used to repay $125...

Lead Office: Toronto Date Closed: September 11, 2020 Value: $225 million

Kineticor Resource Corp. in the development and financing of the $1.5 billion Cascade Power Project

On August 27, 2020, Kineticor Resource Corp., together with joint development sponsors Macquarie Capital and OPTrust and project sponsors OPTrust, Axium Infrastructure and DIF Capital Partners, successfully closed financing on the $1.5 billion Cascade Power Project. Cascade is a 900...

Lead Office: Calgary Date Closed: August 27, 2020 Value: $1.5 billion

Firelight Infrastructure Partners LP in the sale of a 67MW portfolio of renewable energy projects

On June 10, 2020, Firelight Infrastructure Partners LP completed the sale of its interests in a 67MW portfolio including three utility-scale ground-mounted solar generating products in Ontario and four wind farm generating projects in Nova Scotia, to Potentia Renewables Inc. The portfolio...

Lead Office: Toronto Date Closed: June 10, 2020 Value: -

Utilities Kingston in its $30 million construction litigation dispute with North America Construction

Osler is advising Utilities Kingston on a complex, multi-issue $30 million construction litigation dispute with North America Construction, the general contractor, regarding disputes relating to a wastewater treatment plant upgrade. The parties are in ongoing litigation in respect of delay,...

Lead Office: Toronto Date Closed: -- Value: $30 million

Nova Scotia Power Inc. in its $300 million notes offering

On April 24, 2020, Nova Scotia Power Inc. completed its offering of $300 million 3.307% unsecured notes due April 2050. The offering was made through a syndicate of agents led by Scotia Capital Inc. and was made on a private placement basis. The proceeds will be used primarily to refinance...

Lead Office: Toronto Date Closed: April 24, 2020 Value: $300 million

Hydro One Inc. in its $1.1 billion offering of Medium Term Notes

On February 28, 2020, Hydro One Inc., a wholly-owned subsidiary of Hydro One Limited, completed a $1.1 billion multi-tranche offering of Medium Term Notes, consisting of $400 million aggregate principal amount of 1.76% Medium Term Notes, Series 45, due 2025, $400 million aggregate principal amount...

Lead Office: Toronto Date Closed: February 28, 2020 Value: $1.1 billion