Ontario Hydro Sells Retail Business

Ontario Hydro Energy completed the sale of substantially all of its retail business to Union Energy Inc. on April 30, 2002 for an undisclosed amount. The transaction included the transfer of almost 395,000 electric natural gas and electric water heater customer contracts and rental agreements.
Union Energy was represented by Frank Callaghan, William McLean, Tracy Davis and Danielle Lavallée (corporate) of Borden Ladner Gervais LLP, and by Barry Zalmanowitz and Denise Prokopiuk (competition) of Fraser Milner Casgrain LLP.
Ontario Hydro was represented by in-house counsel Marcie Zajdeman, assisted by Rhonda Wise, as well as Osler, Hoskin & Harcourt LLP with a team that included Chris Portner and Michael Hart (corporate), Peter Franklyn and Steve Sansom (competition) and Lee Webster (intellectual property).