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.


Canadian Competition Bureau Sends Year-End Tidings of Merger Filings

Dec. 23, 2019 - In his own version of the pre-holiday rush, the Canadian Commissioner of Competition has in the last several days challenged one merger transaction and entered into a consent agreement to preserve assets pending his review of another. The Commissioner’s latest actions reflect and reinforce the...