Client AltaGas Ltd ("AltaGas"), a Canadian-based energy infrastructure company, recently announced the acquisition of Decker Energy International, Inc. ("DEI"). DEI, an independent power company, owns a 50 percent interest in a 48MW biomass power facility in North Carolina and a 30 percent working interest in a 37 MW biomass power facility in Michigan. Fuel supply for the biomass facilities include wood chips, mill residuals and other wood waste products from several suppliers.
Stoel Rives assisted AltaGas in the negotiation and drafting of the merger agreement, as well as related due diligence regarding corporate structure issues, regulatory considerations, employee matters, creditor issues, tax, real property, power purchase and interconnection agreements, operation & maintenance agreements, fuel supply agreements and permitting issues. David Quinby led the cross-office Stoel Rives client team, with substantial assistance from Alexandra Mertens.