Transactions & Cases Detail



Transaction/Case Details

EPCOR completes C$529 million acquisition of TransCanada's interest in TransCanada Power, L.P.

DATE CLOSED

September 1, 2005

BUSINESS SECTOR

Power

LEAD OFFICE

Calgary

VALUE

529 Million CAD


OVERVIEW

On September 1, 2006, EPCOR Utilities Inc. acquired TransCanada Corporation's interest in TransCanada Power, L.P. for C$529 million. In connection with the close of the transaction, the Partnership was renamed EPCOR Power L.P.

Established by TransCanada in 1997, TransCanada Power, L.P. is a limited partnership organized under the laws of the Province of Ontario which owns and operates a portfolio of power generation assets in Canada and the United States.

EPCOR Utilities , headquartered in Edmonton, Alberta, is one of Canada's top providers of energy and energy-related services and products, providing power and water solutions to customers in Alberta, Ontario, British Columbia and the U.S. Pacific Northwest.

TransCanada, headquartered in Calgary, Alberta, is a leading North American energy company. TransCanada is focused on natural gas transmission and power services with employees who are expert in these businesses.

McCarthy Tétrault LLP represented TransCanada Power LP, as target, with a team that was led by Richard Shaw.

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