Hydro Ottawa, through its subsidiary, Energy Ottawa Inc., successfully completed its acquisition from Fortis Inc. of 10 run-of-river hydroelectric facilities located in Ontario and New York State.
The facilities represent approximately 30.9 megawatts of installed operating green energy capacity. The transaction was structured as an acquisition by Energy Ottawa of the outstanding equity securities of the Fortis subsidiaries that owned the facilities.
Fortis is a leader in the North American electric and gas utility business, with total assets of approximately $28 billion and $5.4 billion in revenue for fiscal 2014.
Fortis was represented in Canada by in-house counsel Regan O’Dea and Marie-France Leroi and by Davies Ward Phillips & Vineberg LLP with a team that included Jim Reid and Jennifer Prieto (corporate/securities); Gabriella Lombardi (real estate); Sarah Powell (regulatory and environmental); Jessica Bullock (employment); and Raj Juneja (tax). Fortis was represented in the United States by White & Case LLP with a team that included Earle O’Donnell and Corey Neal (regulatory) and Steven Lutt and Luke Laumann (real estate).
Hydro Ottawa was represented in Canada by in-house counsel Paul Hughes; by Norton Rose Fulbright Canada LLP with a team that included Mike Moher (corporate); Andrew Pritchard (real estate); and Geoffrey Walker (tax); and by Emond Harnden LLP with a team that included Mark Newton, Sheri Farahani and Kecia Podetz (employment). Hydro Ottawa was represented in the United States by Norton Rose Fulbright US LLP with a team that included Rebecca Limmer (corporate); James Stahl (real estate); David Gillespie (tax) and Stephanie Schroepfer (employment).