Our Vancouver and Calgary offices advised Columbia Power Corporation (CPC) and Columbia Basin Trust (CBT) on their acquisition from Fortis on April 16th 2019 of 51 percent of the Waneta Expansion hydroelectric power project for approximately C$1bn. CPC and CBT already owned 49 percent of the project.
The Waneta Expansion is a newly constructed 335 MW hydroelectric generating facility located in the Columbia Basin region of southeastern British Columbia. It commenced commercial operation in April, 2015.
The team was led by Greg Lewis and included Steve Sharpless (M&A), Andrea Lejay (M&A), Dion Legge (tax), Chris Speakman (tax), Riley Burr (tax), Robert Hanson, Darren Hueppelsheuser (tax), Elisabeth Trotter (tax), Rav Sidhu (tax), Etienne Godel (tax), Dan Bennett (disputes), Louise Hamill (disputes), Alex Fane (real estate) and Rujuta Patel (competition).