Fasken advised Quanta Services Inc. (Quanta) in connection with the sale of its 20% interest in Alberta PowerLine (APL), which is being sold concurrently with Canadian Utilities Limited’s sale of its 80% interest, for combined proceeds of approximately $300M and the assumption of $1.4B of debt. APL, a partnership between Canadian Utilities Limited and Quanta, was selected in 2014 by the Alberta Electric System Operator (AESO) to design, build, own and operate the Fort McMurray West 500-kV Transmission Project. 60% of APL was purchased by a consortium including Greystone Managed Investments d/b/a TD Greystone Asset Management, as manager for and on behalf of the Greystone Infrastructure Fund (Global Master) L.P., and IST3 Investment Foundation acting in respect and on behalf of its investment group IST3 Infrastruktur Global. 40% of APL was purchased by 7 different Indigenous Communities along the route of the project. Quanta was advised by Brett Schrader (Deputy General Counsel) and Kari Findley (Senior Counsel – Strategic Transactions), and by a team from Fasken led by Ron Ezekiel (M&A/energy) and including Brent Lewis (Finance), Michael Coburn and Hardeep Gill (tax), Dave Both (regulatory) and Zach Romano (M&A/energy).