Fortis Selling Its Stake in Waneta Expansion for $991 Million

Fortis Inc. has signed a deal with Columbia Basin Trust and Columbia Power Corporation to sell its 51% interest in the 335 MW Waneta Expansion Hydroelectric Project in British Columbia for approximately $1 billion.

The transaction closed on April 16, 2019.

The Davies team working on this transaction included Richard Fridman, Jennifer Prieto and Chris Anderson.


U.S. Congress Provides COVID-19 Relief by Passing CARES Act

Mar. 30, 2020 - The emergence of COVID-19 has sent a shock wave through the world economy, resulting in significant disruption in the financial markets, the shuttering of entire industries, and the lockdown of major cities across the globe. As a result, many national governments are applying every policy tool...

Canadian Tax and Other Measures Implemented in Response to COVID-19 Pandemic

Mar. 27, 2020 - Starting on March 18, 2020, the Canadian government has announced a series of emergency measures intended to help stabilize the economy in response to the COVID-19 pandemic. These include tax and economic measures aimed at providing financial support for individuals and businesses, and...