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Lorne Carson

Partner, Corporate

Key Contact: Public Private Partnerships (P3)

Key Contact: Financial Services

Key Contact: Project Finance

Key Contact: High Yield Debt

Key Contact: Energy (Electrical Power)

Key Contact: Infrastructure

Key Contact: Climate Change and Emissions Trading

Contact Information

lcarson@osler.com

tel: 403.260.7083

Office

Calgary

Biography

Areas of Expertise

Bar Admission

Alberta, 1981

Education

University of Victoria, LL.B.
Queen’s University, B.Sc. (Engineering)

Language(s)

English

Lorne is a partner in the ﬁrm’s Corporate Practice Group based in the Calgary oﬃce. Lorne is also a PEng (Non-practicing). His practice focuses on project development and ﬁnance in the oil and gas, pipeline, petro-chemical, electrical power, renewables, and infrastructure sectors. In particular, Lorne has experience with loans in both the bank and capital markets and has been involved in a number of the larger project development and project ﬁnance transactions in Canada. Lorne has also had signiﬁcant experience with international project development and project ﬁnance transactions and also practises in the lending and structured ﬁnance areas. Many of the projects Lorne has worked on include multi-parties and Lorne is familiar with multi-party ownership, joint ventures, combined ﬁnancings and governance and intercreditor issues.

Deals & Cases

Kineticor Resource Corp.
Kineticor Resource Corp. in the development and financing of the $1.5 billion Cascade Power Project
Greengate Power Corporation
Greengate Power Corporation in its agreement with Copenhagen Infrastructure Partners to develop Travers Solar – Canada’s largest operating solar energy project
Steel Reef Infrastructure Corp.
Steel Reef Infrastructure Corp. in its $500 million acquisition of natural gas infrastructure assets from Crescent Point Energy Corp.
KKR
Acting for KKR and AIMCo in their joint acquisition of a combined 65% equity interest from TC Energy in the $6.8B Coastal GasLink Pipeline Project
SemCAMS Midstream ULC
SemCAMS Midstream ULC in its 50/50 joint venture with TransAlta Corporation to develop Kaybob South Cogen Facility
SemCAMS Midstream ULC
SemCAMS Midstream in its $1.3 billion agreement with Keyera to build Canadian Liquids Pipeline System
Kineticor
Kineticor in its acquisition of a 32MWp cogeneration facility to provide power and heat to Tidewater's Pipestone Gas Plant
SemCAMS
SemGroup in its $1.8 billion joint venture with KKR including acquisition of Meritage Midstream from Riverstone
Aspenleaf Energy Limited
Aspenleaf Energy Limited in its acquisition of NEP Canada ULC
Brookfield Infrastructure’s acquisition of Enbridge’s Western Canadian Midstream Business
The syndicate of lenders and the underwriters in connection with Brookfield Infrastructure’s $4.31 billion acquisition of Enbridge Inc.’s Western Canadian Midstream Business
Greengate Power Corporation
Greengate Power Corporation in its $100 million strategic co-development partnership with Fengate Real Asset Investments

Kineticor Resource Corp. in the acquisition of a partially constructed 690 MW cogeneration plant located near Peace River, AB from Shell Canada, and a $125 convertible million debt and equity financing commitment from OPTrust
Veresen Inc. in the formation of a new entity, Veresen Midstream Limited Partnership, equally owned by Veresen and Kohlberg Kravis Roberts & Co. LP, which will acquire certain natural gas assets from Encana Corporation and the Cutbank Ridge Partnership. Osler also represented the partnership in respect of related financing arrangements
BluEarth Renewables Inc. in connection with the project financing of a 15MW run-of-river hydro project located near Squamish, British Columbia, being developed by Culliton Creek Power Limited Partnership, a subsidiary of BluEarth Renewables Inc.
Canadian Natural Resources in connection with the bridge financing and permanent bank/bond financing as the 50% owner and 25% processor of the North West Redwater refinery project
Kinder Morgan Canada in connection with commercial and financing matters for the proposed Trans Mountain Pipeline System
Pattern and Samsung Renewable Energy, as joint venture partners, in connection with the project financing of the South Kent wind project; and the Grand Renewable wind project
Phoenix Energy Holdings Limited, a Canadian subsidiary of PetroChina, in its partnership with TC Energy and its affiliates to construct, own and operate the Grand Rapids Pipeline System and its commitment to ship on the system
Greengate Power in connection with the proposed financing and sale of the Halkirk Wind Project to Capital Power and the development and proposed financing of the Blackspring Ridge Wind Project and sale to Enbridge/EDF EN Canada
Veresen and Harbert Power in connection with the financing of the York Energy Centre
Pristine Power and Fort Chicago in connection with the financing of the East Windsor Cogeneration Centre
State of Alaska in connection with negotiations with major oil companies for the development, ownership, governance and financing of the proposed Alaska Natural Gas Pipeline
Union Bank of California in the financing for Kelson Canada of the Calgary Energy Centre and the Island and Whitby Cogeneration Projects
Trident Resources in connection with its high yield debt offering and bank financings
RREEF America LLC in their acquisition of Maher Terminals (Prince Rupert Container Terminal Facility) including in respect of the acquisition, financing, corporate structure and governance
Maritimes and Northeast Pipeline on the financing of its natural gas pipeline from Nova Scotia to Boston

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Industry Recognition

Chambers Global: The World's Leading Business Lawyers: Recognized in Banking and Finance
The Canadian Legal Lexpert Directory: Recognized in Banking & Financial Institutions; Infrastructure Law; Project Finance
Best Lawyers in Canada: Recognized in Banking and Finance Law; Equipment Finance Law; Energy Law; Oil & Gas Law; Project Finance Law
Legal 500: Recognized as a Recommended Lawyer, Infrastructure & Projects
Who's Who Legal: Recognized in Project Finance (Canada)

Previous Speaking Engagements

Canadian Energy Law Foundation

Speaker, Managing Your Carbon Footprint, 2017
Corporate Governance in Challenging Times

Speaker, Corporate Governance, Deloitte Calgary Office, January 26, 2016

In the Media

Affiliations

Association of Professional Engineers and Geoscientists of British Columbia
Law Society of Alberta
Canadian Bar Association

Publications / Events / Education

(Co-Author), Managing Your Carbon Footprint: Impacts and Opportunities Arising from Alberta's Climate Change Legislation, Alberta Law Review.

Latest Resources

Carbon Competitiveness Incentive Regulation replaces and adds rigour to Alberta’s existing industrial carbon emissions regulation
Dec 22, 2017
Managing your carbon footprint: Proactive carbon planning advice for Alberta emitters
Dec 15, 2017
Alberta’s carbon tax – Bill 20: the Climate Leadership Implementation Act
Jun 1, 2016
Alberta’s New Climate Change Leadership Plan
Nov 23, 2015
Upcoming Developments in Alberta’s Carbon Emissions Regulations
June 26, 2015
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