Lexpert Special Editions

Special Edition on Energy 2018

The Lexpert Special Editions profiles selected Lexpert-ranked lawyers whose focus is in Corporate, Infrastructure, Energy and Litigation law and relevant practices. It also includes feature articles on legal aspects of Canadian business issues.

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WWW.LEXPERT.CA | 2018 | LEXPERT 7 Blundy, Paul D. Bennett Jones LLP (416) 777-4854 blundyp@bennettjones.com Mr. Blundy has more than 30 years' experience in construction and project finance. Acting for procuring authorities, consortia teams, lenders, underwrit- ers, contractors, designers and service providers, he has participated in a wide variety of Public-Private Partnership (P3) and Alternative Finance and Procurement (AFP) transactions in various sectors since the advent of the P3 and AFP models. Bigué, AdE, Ann Dentons Canada LLP (514) 878-8808 ann.bigue@dentons.com A former National Energy Board Counsel, Ms. Bigué's administrative, constitu- tional and regulatory law practice includes an emphasis on energy and natu- ral resources law, and environmental assessment. She also provides advice on Aboriginal and treaty rights to corporate clients in this context. Betts, Ted Gowling WLG (416) 369-7106 ted.betts@gowlingwlg.com Mr. Betts is Head of Gowling WLG's Infrastructure & Construction Group. A Certified Specialist in Construction Law, he has more than 20 years of experience in the construction and infrastructure sectors. He regularly acts on large-scale construction, infrastructure and development projects. He is the current Chair of the OBA Construction & Infrastructure Section. Bertrand, AdE, Jean G. Norton Rose Fulbright Canada LLP (514) 847-4401 jean.bertrand@nortonrosefulbright.com Mr. Bertrand focuses on commercial and corporate litigation, including class actions and arbitration, and on administrative law, with emphasis on regulated activity such as energy competition, international trade and transportation. He has extensive experience advising and acting for a major Canadian power utility. Bergner, Keith B. Lawson Lundell LLP (604) 631-9119 kbergner@lawsonlundell.com Mr. Bergner is a recognized authority on Indigenous law, energy, regulatory & environmental processes. He has appeared before all levels of courts, including the Supreme Court of Canada. He has experience relating to major natural resource projects in various industries, including oil & gas, LNG, pipelines, mining, hydroelectric generation & transmission, infrastructure & transportation projects. Basra, Harinder Bennett Jones LLP (403) 298-4494 basrah@bennettjones.com Mr. Basra practises corporate and securities law, with a particular emphasis on advising public and private companies on mergers & acquisitions, securi- ties offerings, corporate governance and general corporate matters. His practice focuses on advising domestic and international clients on transac- tions primarily in the upstream and midstream oil and natural gas industry. eration. Now in Ontario we have an energy mix that looks a lot different than it did 15 or 20 years ago. Nuclear is the main base load now. Coal is gone." Ontario now has a hybrid grid that is part government-owned and part deregulated. Ontario and Alberta make for an interesting case study in policy and regulatory contrasts in approaching similar objectives, suggests George Vegh, head of McCarthy Tétrault LLP's energy regulation practice. Vegh practises out of Toron- to, mainly focusing on regulatory and wholesale market governance in the energy sector. Alberta began to deregulate and privatize its electricity supply system in 1996. Unlike other provinces, Alberta has a complex wholesale mar- ket run by the Alberta Electric System Operator (AESO). It manages a power pool where electric- ity is constantly sold minute by minute by suppli- ers and bought by wholesale distributors through an auction system similar to the stock market. What both Ontario and Alberta had in com- mon was a commitment to eliminate coal-fired electrical generation. "When Ontario eliminated coal-fired generation, it was simple in that it was the owner of Ontario's power generation," ex- plains Vegh. "So the shareholder — the govern- ment — basically just told its electricity producer (Ontario Power Generation Inc.) to stop burning coal. en the only challenge was the province had to replace those facilities." In Alberta the problem is different. As of this year, Alberta began phasing out coal-fired electricity-generating plants. Last year it began imposing a $20-per-tonne carbon tax on emis- sions, which this year climbed to $30. Alberta's new Climate Leadership Plan requires all coal- powered electricity plants meet zero emissions by 2030 or shut down. But, aer deregulation began, Alberta's then government-owned generation, transmission and distribution capacity was sold off in chunks to private corporations. "erefore," says Vegh, "it has to engage in negotiations with the owners of those facilities to provide for compensation for the shutdowns before the end of the lives of those facilities." For example, in 2016 the Alberta government, in order to stave off lawsuits, agreed to pay three companies, Capital Power Corp., TransAlta Corp. and ATCO Ltd., a total of $1.36 billion for being forced to shut down six of their 18 plants early. Compensation for another 12 plants is still being negotiated. Ontario's ability to shut down coal plants was relatively "straightforward," says Vegh. It owned them. But finding cleaner replacement power through contracts with new private-sector gen- eration facilities proved a fiasco. LEXPERT-RANKED LAWYERS

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