$800M Amalgamation of PowerStream and Barrie Hydro

On December 31, 2008, PowerStream Inc. and Barrie Hydro Distribution Inc. amalgamated their electricity distribution businesses to form PowerStream Inc., the second-largest municipally owned electricity distribution company in Ontario, creating a utility with $800 million in combined assets providing service to more than 310,000 residential and business customers in Simcoe County and York Region.

PowerStream Inc.'s legal team was represented by in-house counsel Dennis Nolan, executive vice president corporate services and secretary. PowerStream Inc. was also represented by Borden Ladner Gervais LLP with a team comprised of Frank Callaghan, William McLean, Christine Long, Eric Dufour and Angela Lin.

Barrie Hydro Distribution Inc. was represented by McCarthy Tétrault LLP with a team comprised of Michael Weizman, George Vegh (regulatory), Suzanne Murphy and Kristyn Annis.

The shareholder, The City of Vaughan, was represented by Robert Hull of Gowling Lafleur Henderson LLP. The shareholder, The Town of Markham, was represented by in-house counsel Catherine Conrad, town solicitor, and by David McFadden, Bernadette Corpuz and Nicole Chen from Gowling Lafleur Henderson LLP.

The shareholder The City of Barrie was represented by James McIntosh and Joanne McPhail of Burgar Rowe Professional Corporation.