Stikeman Elliott
 
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Stikeman Elliott represents a broad range of energy industry clients. Our practice focuses on two main areas: Oil and Gas, and Electricity.

In the oil and gas sector, Stikeman Elliott's Calgary practice is recognized as a Canadian leader, with high-level expertise in all aspects of the industry from corporate finance to regulatory matters. The 2007 Canadian Legal Lexpert Directory cites four of our Calgary lawyers as leading practitioners in oil and gas matters, including two who are also listed in the 2007 Lexpert/American Lawyer Media's Guide to the Leading 500 Lawyers in Canada. Our Toronto office has extensive experience in Ontario-based natural gas regulatory matters, including issues relating to deregulation, utility service unbundling, gas service contracts and utility rates. The Toronto Group also advises clients on natural gas procurement contracts and marketing joint venture matters. The Oil and Gas Group works closely with both our Corporate and Competition Groups in representing participants in all aspects of M&A transactions involving energy companies. Our oil and gas practice also has a significant international dimension, advising on foreign investment in the Canadian energy sector, cross-border trade in energy resources and participation in international energy projects. In corporate finance, the firm finished first in Financial Post Q1 2007 rankings by volume of offerings by issuers in the Energy sector.

Representative Experience


Recently, Stikeman Elliott has worked on a number of energy transactions, including acting for:

  • PrimeWest Energy Trust in its $5 billion sale to Abu Dhabi National Energy Company PJSC.

  • North American Oil Sands Corporation in connection with the $2.2 billion cash takeover bid by Statoil ASA.

  • Royal Dutch Shell plc in its $8.7 billion buyout of the minority shareholders of its Shell Canada Ltd. subsidiary.

  • Cheung Kong Infrastructure Holdings Ltd. in its $629 million acquisition of TransAlta Power LP.

  • Anadarko Petroleum Corporation in the US$4.24 billion sale of Anadarko Canada Corporation to Canadian Natural Resources Ltd.

  • RBC Capital Markets with respect to the $518 million bond offering by Harrison Hydro Finance Inc. to finance six run-of-river hydroelectric generating facilities in British Columbia.

  • Sithe Global Power, LLC and Goreway Station Partnership in a $942 million construction facility for the 880-MW Goreway Station, among the largest project finance deals in Canada to date.

  • Coral Energy Inc. in the negotiation of a gas/power tolling agreement for the planned Atco Power 580 MW generation facility in Windsor.

  • Ontario Power Authority in connection with power procurement mandates.


Recent Group Activities

Proposed acquisition of TransAlta Corp.
Stikeman Elliott is acting for LS Power Equity Partners and Global Infrastructure Partners in their $7.8 billion proposal for a negotiated acquisition of power generator and wholesale marketer TransAlta Corporation.

New Book - Energy Regulation in Ontario (2008)
Glenn Zacher and Patrick Dufy co-authored of Energy Regulation in Ontario (Canada Law Book), an annual publication detailing analysis of legal rules, regulations and codes affecting each segment of the Ontario energy market and provides a full text of the Electricity Act, 1998 and the Ontario Energy Act, 1998. Visit the Canada Law Book web site to order a copy.


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Contacts
Key Contacts

Montréal:
Erik Richer La Fleche

Toronto:
James Harbell

Ottawa:
Gregory Kane Q.C.

Calgary:
Glenn Cameron
Lou Cusano

Vancouver:
Michael Allen
Philip Griffin
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