Caithness Wind Power Projects Are Refinanced

On October 8, 2003, Sun Life Assurance Company of Canada and Clean Power Operating Trust completed a refinancing of the Foote Creek II, Foote Creek IV, Peetz Table, Texas Big Spring and Chandler wind power projects located in the U.S. The refinancing included a $56.97 million loan made by Sun Life and a $17.85 million loan made by Clean Power. The six projects, which have an aggregate capacity of 109 megawatts, are owned by affiliates of Caithness Energy. LLC in New York. Financial advisory services were provided to Sun Life and Clean Power by Probyn & Company Inc.

Sun Life and Clean Power were represented by McCarthy Tetrault LLP with a team that included David Lever, Michael Weizman, Linda Pieterson, Abraham Costin, Jonathan Gitlin, Sean O’Neill, Mark Rasile, Lara Nathans, Caroline Jageman and Brodie Swartz. Local counsel for the lenders were Debra Villarreal of Thompson & Knight LLP in Texas; Rebecca Fischer of Sherman & Howard LLC in Colorado; Alvin Wiederspahn & Reese. PC in Wyoming (Foote Creek II, III, and IV); and Charles Diessner and Eric Anderson of Fredrikson & Byron, PA in Minnesota.

Caithness and the project entities were represented by Reed Smith LLP, with a team that included Henry King and Kevin Malcarney in Princeton, New Jersey and Frank Reed, Stacey Palmer and Deborah Rusonis in Pittsburgh. Local counsel for the borrower was Terry Cross of Haynes and Boone, LLP in Texas; Katherine LeVoy, Mary Elen Scanlan and Elizabeth Mitchell in Colorado and Teresa Buffington in Wyoming, all of Holland & Hart LLP; and Stephanie Hill and Walter Rockenstein, II, of Faegre & Benson LLP in Minnesota.


Mary Ellen Scanlan Lara Nathans Linda Pieterson Michael Weizman Abraham (Bram) Costin Elizabeth Mitchell Seán C. O'Neill Mark Rasile Caroline Jageman David A.N. Lever


McCarthy Tétrault LLP Transcontinental Holland & Hart LLP Faegre & Benson LLP