66 Wellington St W, Suite 5300, TD Bank Twr, Toronto, ON
Year called to bar: 1991 (ON)
George Vegh is the head of McCarthy Tétrault’s Toronto energy regulation practice, where he provides advocacy and advisory services to private and public sector clients. George’s main focus is on regulatory and wholesale market governance in the energy sector. George has extensive experience in working with market participants to address the impacts of federal and provincial climate change regulation. Prior to joining McCarthy Tétrault, George was General Counsel of the Ontario Energy Board. George is a leader in the energy sector, having served as Chair of the Ontario Energy Association and the IESO Market Forum; he was also appointed to the OEB Chair’s Advisory Committee on Innovation. He currently serves as Vice-Chair of the Board of the Association of Power Producers of Ontario. He also led a number of industry initiatives, including Task Forces on Distribution Rate Regulation, Infrastructure Renewal, Distributed Generation, and Transmission Connection for Renewable Generation. George is an Adjunct Professor of Energy Law at the University of Toronto Law School, the Munk School of Global Affairs & Public Policy, the University of Calgary Law School, and at Osgoode Hall Law School, where he is also the Program Director for the Masters Program in Energy and Infrastructure Law.
Capital Power Corporation completed its acquisition of Goreway Power Station Holdings Inc., which owns the Goreway Power Station, from JERA Co., Inc. (JERA) and Toyota Tsusho Corporation for a total of $977 million.
On October 16, 2018, Brookfield Infrastructure and its institutional partners, (collectively, “Brookfield Infrastructure”) completed the acquisition of all the issued and outstanding common shares of Enercare Inc. for $29.00 per common share or, in the case of certain electing Canadian resident shareholders, 0.5509 of an exchangeable limited partnership unit (“Exchangeable LP Unit”) for each common share elected. The Exchangeable LP Units are exchangeable, on a one-for-one basis for non-voting limited partnership units of Brookfield Infrastructure Partners L.P. (“BIP”).
On November 20, 2017, Rayonier Advanced Materials Inc. (Rayonier AM), a Florida-based leading global supplier of high purity cellulose, announced it had completed its friendly acquisition of Tembec Inc. (Tembec), a Québec forestry firm, for approximately US$962 million.
Enbridge Inc. (TSX:ENB)(NYSE:ENB) (Enbridge) completed its stock-for-stock transaction with Spectra Energy Corp (NYSE:SE) (Spectra Energy), creating North America’s largest energy infrastructure company with an enterprise value of approximately $165 billion. The transaction valued Spectra Energy’s common stock at approximately $37 billion and is the largest foreign acquisition ever completed by a Canadian company.