Great Lakes Power Acquires Lake Superior Plant

Great Lakes Power Limited acquired the remaining 50 per cent of the Lake Superior power generating plant in northern Ontario from Westcoast Power Inc., a subsidiary of Westcoast Energy Inc., which in turn is an indirect subsidiary of Duke Energy Corporation. The deal closed on November 8, 2002, and its value is undisclosed.

F. David Rounthwaite, Peter Goode, Ibrahim Danial and Glen MacArthur (competition) and Nigel Johnston (tax) of McCarthy Tétrault LLP acted for Great Lakes Power, and Charles Keizer and Andrew Taylor of Power Budd LLP in Toronto assisted with electricity regulatory approvals.

Duke Energy was represented by in-house counsel Kelly Stark-Anderson in Vancouver, by Torys LLP in Canada, with a team that included Phil Symmonds, Ryan Barry and Carolyn Naiman (antitrust and competition) and John Unger (tax), and by Vinson & Elkins LLP in the U.S., with a team that included Cliff Vrielink and Rob Gray in Houston.