Big Deals | 41
Lexpert®Ranked Lawyers
Phillips, David F.
Bennett Jones LLP
(403) 298-3031
phillipsd@
bennettjones.com
Mr. Phillips has
over 25 years of
experience advising
energy corporations
and underwriters on
corporate fi nance and
securities law matters.
He has been the lead
lawyer on fi nancings
that have collectively
raised more than
$9 billion.
Pittman, Miles F.
Norton Rose Fulbright
Canada LLP
(403) 355-3834
miles.pittman@
nortonrosefulbright.
com
Mr. Pittman serves
upstream, midstream
and downstream oil
and gas and oilfi eld
service-sector clients
in his energy and
commercial practice.
His experience
includes M&A, JVs,
LNG, gathering
and processing
arrangements, and tax-
effective structuring.
Pratt, Tracy A.
Fasken Martineau
DuMoulin LLP
(416) 865-4429
tpratt@fasken.com
Ms. Pratt advises and
represents clients in
the energy, mining and
oil and gas industries
and municipalities
regarding Aboriginal
engagement and
consultation, treaty/
land claims and
partnerships/
agreements between
industry and Aboriginal
communities.
Pike, Alexandria
(Alex)
Davies Ward Phillips
& Vineberg LLP
(416) 367-6989
apike@dwpv.com
Ms. Pike advises
sponsors, proponents
and lenders on
environmental risk and
permitting in energy
projects. She has
experience in oil and
gas, hydro-electric,
nuclear and renewable
matters, and has
defended renewable
energy approvals for
wind projects.
Powell, Sarah V.
Davies Ward Phillips
& Vineberg LLP
(416) 367-6931
spowell@dwpv.com
Ms. Powell applies
her environmental law
expertise to strategic
advice on energy
and environmental
approvals; Aboriginal
risk, environmental
and social impact
assessments;
contaminated sites;
and environmental
class actions.
Pratte, Guy J.
Borden Ladner
Gervais LLP
1 (888) 918-2545
gpratte@blg.com
Mr. Pratte's practice
focuses on commercial
litigation and public law
in both Ontario and
Quebec. He pleads
regularly before the
Supreme Court of
Canada, the Federal
Courts and the
Superior and Appeal
Courts of Ontario
and Quebec.
(corporate/M&A) and David Weekes (tax); and by Linklat-
ers LLP in the UK with a team including Neil Dixon and
Nick Garland.
EMERA COMPLETES
$1.3B PROJECT FINANCING
Closing date: April 23, 2014
Emera Incorporated, through its subsidiary NSP Maritime
Link Incorporated, completed a $1.3-billion bond financ-
ing in support of the $1.56-billion Maritime Link Project.
The Maritime Link Project involves the development,
construction and commissioning of both a new 500MW
HVdc transmission line, as well as a 230kV HVac line and
associated infrastructure, between the Province of New-
foundland and Labrador and the Province of Nova Scotia.
The Project includes two 170-km subsea cables across
the Cabot Strait, close to 50 km of overland transmission in
Nova Scotia as well as nearly 300 km of overland transmis-
sion on the island of Newfoundland.
The Maritime Link and Phase I of the Lower Churchill
Project together create a transformative regional system that
provides for clean, affordable energy.
For Nova Scotia, the Maritime Link will serve to accom-
plish the following: firstly, it will enable a more diversified
portfolio of energy options; secondly, it will reduce depen-
dency on existing commercial-scale, carbon-based genera-
tion facilities; and thirdly it will help meet new government
regulations that require 40 per cent renewable energy by the
year 2020. First power is planned for delivery in 2017.
The bonds, issued by a special-purpose financing vehicle,
benefit from a direct, absolute, unconditional and irrevoca-
ble guarantee of the Federal government, and as such carry
the full faith and credit of Canada.
As a result of this guarantee, the bonds were assigned a
rating of "AAA" by each of S&P and DBRS. These ratings
have, in turn, resulted in a lower cost of financing for the
Maritime Link as well as resulting in significant savings to
Nova Scotia ratepayers over the life of the Project.
The offering was led by Scotiabank as sole underwriter
and bookrunner.
Emera Incorporated was represented in the bond financ-
ing and the negotiation of the Federal guarantee by an in-
house team including Lewis Smith and John MacLean.
Osler, Hoskin & Harcourt LLP provided lead external sup-
port to Emera with a team led by John Macfarlane (securi-
ties); Rocco Sebastiano (project finance) and Laurie Barrett
(banking); and that included Adrian Hartog (real estate);
Monica Biringer (tax); Danna Donald and Elliot Smith
(project finance); Greg Walters and Ben Leith (banking)
and Jay Greenspoon (securities).
Cox & Palmer was Atlantic Canada counsel to Emera
with a team led by Alexander MacDonald and including
Douglas Wright (project finance) and William Cahill
(real estate); Patrick Fitzgerald and Jane Anderson (proj-
ect finance); and Anthony Chapman and John Stewart
(real estate).
The Government of Canada was represented by Anne
Boudreau and Rhonda Lazarus of Department of Justice
Canada. Cassels, Brock & Blackwell LLP provided ex-
ternal support to the Government of Canada. The Cas-
sels Brock team was led by Alison Manzer and included
Charles Newman, Peter Sullivan, Jennifer Wasylyk,
Suhuyini Abudulai, Jose Calderon and Sarah McKinnon
