• About
  • Offices
  • Careers
  • News
  • Students
  • Alumni
  • Payments
  • EN | FR
Background Image
Bennett Jones Logo
  • People
  • Expertise
  • Knowledge
  • Search
  • FR Menu
  • Search Mobile
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
View all
Practices
Corporate Litigation Regulatory Tax View all
Industries
Energy Infrastructure Mining Private Equity & Investment Funds View all
Advisory
Crisis & Risk Management Public Policy
View Client Work
International Experience
Insights News Events Subscribe
Arbitration Angle Artificial Intelligence Insights Business Law Talks Podcast Class Actions: Looking Forward Class Action Quick Takes
Economic Outlook New Energy Economy Series Quarterly Fintech Insights Quarterly M&A Insights Sustainability & the CIO
People
Offices
About
Practices
Industries
Advisory Services
Client Work
Insights
News
Events
Careers
Law Students
Alumni
Payments
Search
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
 

Bennett Jones Acts for Canadian Power Deal of the Year in Cascade Power Project

January 11, 2021

Bennett Jones congratulates the Cascade Power Project for winning Project Finance International's (PFI) Canadian Power Deal of the Year award for 2020. Bennett Jones acted as counsel to Ontario-based pension fund and project sponsor OPTrust in connection with the transaction.

PFI calls Cascade, "the standout Canadian power transaction for 2020 based on innovation in structuring without a power purchase agreement (PPA)." The $1.5 billion project is a 900 megawatt (MW) combined cycle power generation facility under construction near Edson, Alberta.

Cascade is a leading project in Indigenous involvement in infrastructure in Canada, structured through an innovative and precedent setting partnership with six Alberta First Nations. It also marks the first transaction financially supported through the participation of the Alberta Indigenous Opportunities Corporation (AIOC). The AIOC has provided a loan guarantee to the consortium of Alberta First Nations to enable their participation in the project. The First Nations will hold their equity interest in the project through a vehicle owned by Alexis Nakota Sioux Nation, Enoch Cree Nation, Kehewin Cree Nation, O’Chiese First Nation, Paul First Nation, and Whitefish (Goodfish) Lake First Nation.

The Bennett Jones team, consisting of partners Vivek Warrier, Denise Bright, Greg Johnson and Ashley White and associates Megan Ollivier and Kathryn Shaw, was proud to assist OPTrust with:

  • formation and governance arrangements relating to the partnership between OPTrust and the First Nations consortium;
  • the negotiation and implementation of the project credit facility and financial support from AIOC; and
  • supporting the OPTrust team on the equity syndication transaction and project financing.

Cascade will lead Alberta's transition to a lower carbon intensive power grid by supporting the province’s transition off coal-fired power. 600 jobs will be created during peak construction and commercial operations are expected to begin in 2023.

More details on PFI's Canadian Power Deal of the Year award for 2020 is available here.

Key Contacts

  • Denise D. Bright Denise D. Bright, Partner
  • Greg M. Johnson Greg M. Johnson, Partner
  • Ashley M. White Ashley M. White, Partner

Related Links

  • Insights
  • Media
  • Subscribe

Related Expertise

  • Energy
  • Power & Renewables

Recent Posts

Client Work

DCM Group, a Thrust Capital Partners Portfolio Company, Acquires Metcor

June 09, 2025
       

Updates

Economic Outlook: Building Resilience and Capacity in a Disrupted World

June 2025
       

In The News

You've Been Flagged for a CRA Audit—Here's What Happens Next

June 05, 2025
       

Announcements

Ten Bennett Jones Lawyers Ranked in Lexpert's Special Edition on Technology

June 04, 2025
       

Client Work

Shopify Wins In Federal Court Against CRA In Merchant Data Case

June 04, 2025
       

Articles

Canadian Mining Journal: Strategies to Safeguard Your Royalty Interest

June 03, 2025
       

In The News

Mining Industry Hopeful Canada's Pro-Resource Plans Boost Investment

June 02, 2025
       

In The News

Follow-Ons and Convertibles in Canada’s Equity Capital Markets

May 29, 2025
       

Client Work

Silver Viper Minerals to Acquire Cimarron Gold-Copper Project from CSAC Holdings Inc.

May 27, 2025
       
Bennett Jones Centennial Footer
Bennett Jones Centennial Footer
About
  • Leadership
  • Diversity
  • Community
  • Innovation
  • Security
Offices
  • Calgary
  • Edmonton
  • Montréal
  • Ottawa
  • Toronto
  • Vancouver
  • New York
Connect
  • Insights
  • News
  • Events
  • Careers
  • Students
  • Alumni
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
© Bennett Jones LLP 2025. All rights reserved.
  • Privacy Policy
  • Disclaimer
  • Terms of Use
Logo Bennett Jones