On December 22, 2004, Fort Chicago Energy Partners LP, through an indirect wholly-owned subsidiary, completed its acquisition of a 100 per cent interest in the Alberta Ethane Gathering System (AEGS), including all of the shares of Alberta Ethane Development Company Ltd. (AEDC) for approximately $270 million. AEGS was previously owned, directly or indirectly, by EnCana Corp. and NOVA Chemicals Corp. Fort Chicago also entered into an agreement with NOVA Chemicals pursuant to which NOVA Chemicals will physically operate AEGS.
Fort Chicago’s legal team was comprised of general counsel Kevan King, assisted by Renee Ratke and Brent Kraus (corporate/securities), Janice Buckingham and Vivek Warrier (energy) and Jo’Anne Strekaf (competition) of Bennett Jones LLP.
NOVA Chemicals’ legal team was comprised of Ron Kemle, senior corporate counsel for NOVA Chemicals, assisted by Mark Smith and Patrick Fettig (corporate/commercial/securities), Andrew Kingissepp and Nancy Diep (tax) and Peter Glossop and Steve Sansom (competition) of Osler, Hoskin & Harcourt LLP. EnCana’s legal team was led by Don Serink, associate general counsel, and Peter Duthie, senior corporate counsel, assisted by Bruce MacPhail, David Stanford and Reena Modha (corporate/commercial/securities), Ian Bock (tax) and Oliver Borgers and Rick Pawluk (competition) of McCarthy Tétrault LLP.