Power and Utilities Power and Utilities

Bennett v. Hydro One Inc. et al

Osler successfully defeated a class action against Hydro One Inc., that claimed that its 1.3 million customers were overbilled since 2013. The case followed high profile criticism of the 2013 launch of Hydro One’s billing and customer service systems – including investigation...

Lead Office: Toronto Date Closed: December 31, 2018 Value: -

An institutional partner of Brookfield in connection with Brookfield Infrastructure’s $4.3 billion acquisition of Enercare Inc.

On October 16, 2018, Brookfield Infrastructure and its institutional partners completed a plan of arrangement pursuant to which Brookfield acquired all the issued and outstanding common shares of Enercare in a transaction valued at $4.3 billion. With this acquisition, Brookfield Infrastructure...

Lead Office: Toronto Date Closed: October 16, 2018 Value: $4.3 billion

Roncevaux and Plateau II, in connection with Boralex’s acquisition of Invenergy’s Québec projects

On September 14, 2018, Boralex Inc., a Canadian leader in the development and operation of renewable energy facilities and France’s largest independent producer of onshore wind power, completed the acquisition of all of the economic interests of Invenergy Renewables, LLC in five wind farms...

Lead Office: Montreal Date Closed: September 14, 2018 Value: $215 million

Ensign Energy Services Inc. in its acquisition of Trinidad Drilling Ltd. for $947 million

On November 29, 2018 Ensign Energy Services Inc. announced its successful bid to acquire Trinidad Drilling. Under the agreement, Ensign will own 66.73% of Trinidad’s outstanding shares at $1.68 per share. Ensign will acquire the remaining shares either through a Compulsory Acquisition...

Lead Office: Toronto Date Closed: -- Value: $947 million

Pattern Energy invests US$60 million in Pattern Development and forms strategic relationship with PSP Investments

On June 19, 2017, Pattern Energy Group Inc. (“Pattern Energy”), Pattern Development 1.0 and Pattern Development 2.0 (together “Pattern Development”), Riverstone Holdings LLC, and the Public Sector Pension Investment Board (“PSP Investments”)...

Lead Office: Toronto Date Closed: August 14, 2018 Value: US$60 million

Hydro One Inc. in its $1.4 billion offering of Medium Term Notes

On June 21, 2018,  Hydro One Limited announced that its wholly-owned subsidiary, Hydro One Inc. had priced an offering of $1.4 billion of Medium Term Notes (the “Notes”), consisting of $300 million aggregate principal amount of 2.57% Medium Term Notes, Series 39, due 2021, $350 million...

Lead Office: Toronto Date Closed: June 26, 2018 Value: $1.4 billion

The underwriters in the $150 million bought deal offering of TransAlta Renewables Inc. common shares by way of a prospectus supplement filed on June 15, 2018.

On June 22, 2018, TransAlta Renewables Inc. (“TransAlta Renewables”) announced that it had closed the previously announced offering, on a bought deal basis, of 11,860,000 common shares in the capital of TransAlta Renewables at a price of $12.65 per common share which will result in gross...

Lead Office: Toronto Date Closed: June 22, 2018 Value: $150 million

Caisse de dépôt et placement du Québec in its $50 million investment in Pomerleau Inc.

On June 21, 2018, Caisse de dépôt et placement du Québec announced its investment in Pomerleau Inc. for $50 million. This investment will make Caisse de dépôt et placement du Québec a minority shareholder in the company. Pomerleau will use the investment to execute its expansion...

Lead Office: Montreal Date Closed: -- Value: $50 million

Power Factors, LLC in its acquisition of all of the issued and outstanding shares of Arista Renewable Energies Inc.

On April 11, 2018, Power Factors Canada Ltd, a subsidiary of Power Factors, LLC, itself a subsidiary of MaxGen Energy Services, LLC, acquired Canadian sector consultancy Arista Renewable Energies for an undisclosed sum. Power Factors, LLC develops portfolio performance software for the wind...

Lead Office: Montreal Date Closed: April 11, 2018 Value: -

Greengate Power Corporation in its $100 million strategic co-development partnership with Fengate Real Asset Investments

On April 3, 2018, Greengate Power Corporation announced that it has secured a multi-year, $100 million equity commitment from Fengate Real Asset Investments to jointly pursue the development and acquisition of projects in Alberta, Canada, with the potential to expand across North...

Lead Office: Calgary Date Closed: April 3, 2018 Value: $100 million