Teck Metals sells interest in the Waneta Dam to BC Hydro for US$825 million

On March 5, 2010, British Columbia Hydro and Power Authority completed its acquisition of a one-third interest in Teck Metals Ltd.'s 493 MW Waneta hydroelectric dam in Southeastern British Columbia for $825 million. The Teck legal team was led by Peter Rozee, Teck's Senior Vice President, Commercial Affairs, with assistance from Nick Uzelac. Teck was assisted by a team from Fasken Martineau led by Cal Johnson (regulatory/energy) and Ron Ezekiel (commercial/energy), and including Paul Wilson (real estate), Andrew Jackson (secured transactions), Chuck Willms (First Nations), Doug Rae (regulatory), Don Dalik (competition), and John Kim, KC Miu, Kai Alderson and Stephanie Sanger (commercial).