Centrica Acquisitions

On July 5, 2000 Centrica plc, one of the largest energy traders in the United Kingdom, agreed to purchase two subsidiaries of Calgary-based Direct Energy, a publicly traded income trust fund that is Canada’s largest independent natural gas marketing company. The purchase price for the two companies—Direct Energy Marketing Limited and Alliance Gas Management Inc.—is approximately $912 million.

A Centrica in-house team of General Counsel Grant Dawson and Thomas Murphy instructed a team of lawyers from Bennett Jones that included Douglas Foster, Noralee Bradley, John Gulak, Phil Backman, and Took Whiteley. Direct Energy General Counsel Hugh McIntosh worked with a team from Burnet, Duckworth & Palmer that included Bill Maslechko, John Brussa and Steve Chetner.