Teck Metals Sells Interest in Waneta Dam to BC Hydro

On March 5, 2010, British Columbia Hydro and Power Authority completed its acquisition of a one-third interest in Teck Metals Ltd.'s 493 MW Waneta hydroelectric dam in southeastern British Columbia for $825 million.

BC Hydro was represented by a team from Lawson Lundell LLP led by Gordon Craig (commercial/energy) and Chris Sanderson, QC (regulatory/First Nations), and including, among others, Khaled Abdel-Barr (commercial/energy); Karen MacMillan and Kirsten Danielson (commercial); Christine Kowbel (commercial/environmental); Paul Bradley (secured transactions); Edward Wilson (real estate); Valerie Mann (competition) and Leonard Glass (tax).

The Teck legal team was led by Peter Rozee, Teck's Senior Vice President, Commercial Affairs, with assistance from Nick Uzelac. Teck was assisted by a team from Fasken Martineau DuMoulin LLP led by Cal Johnson, QC, (energy/regulatory) and Ron Ezekiel (commercial/energy), and including Paul Wilson (real estate); Andrew Jackson (secured transactions); Chuck Willms (First Nations); Douglas Rae, QC (regulatory); Donald Dalik (competition) and John Kim, KC Miu, Kai Alderson and Stephanie Sanger (commercial). Douglas Powrie and Kim McGarrity of Borden Ladner Gervais LLP acted as tax counsel to Teck.