Ontario currently has a surplus of power. It won’t last forever.
By 2024, the Pickering Nuclear Generating Station, which supplies 15% of the province’s electricity, will be fully decommissioned.
This deadline has injected Ontario’s energy market with a renewed sense of urgency, and brought to the fore discussions of new energy procurement models — including plans to implement a capacity market.
Join Gowling WLG lawyers Paul Harricks, leader of the firm’s Energy Group; Tom Timmins, leader of the firm’s Renewable Energy Group; Michael Killeavy, Executive Adviser at Power Advisory LLC; and AJ Goulding, President of London Economics International LLC; as they unpack what Ontario’s energy future and examine the risks and opportunities within different procurement models.
Partner, Gowling WLGView presenter info
Paul Harricks is the leader of Gowling WLG Canada's Energy Sector Group and has a primarily transactions-based practice in the areas of mergers and acquisitions, energy and infrastructure, project development and finance. He acts for a wide range of Canadian and foreign corporations, governments, investment dealers, banks and other financial institutions.
In the power sector Paul has worked for clients involved in generation (hydro, solar, wind, nuclear, biomass and gas-fired), distribution and transmission, as well as for lenders, retailers and regulators.
Paul also acts for several major infrastructure-focused investment funds including JPMorgan and Fengate and has represented them in connection with both the formation and governance of their funds as well as more than 30 new-build and secondary market investments - hospitals, toll roads, airports, ports, detention centres and sports facilities - in Canada and elsewhere.
He is a director of the Association of Power Producers of Ontario and chair of the Energy Committee of the Toronto Region Board of Trade.
Paul is also the chief editor of The Electricity Industry in Canada, the definitive legal text on the subject, published by Thomson Reuters. He is recognized by Lexpert and The Best Lawyers in Canada for his expertise in the energy sector.
Paul joined Smith Lyons, one of Gowling WLG's predecessor firms, in 1978 as an articling student and has practised with the firm ever since. He became a partner in 1986. .
Partner, Gowling WLGView presenter info
Thomas J. Timmins is a senior corporate lawyer in Gowling WLG's Toronto office. He is widely recognized as a leading lawyer in energy, project development, infrastructure and commercial law and has led several of the firm's most significant power and infrastructure sector transactions.
In his corporate-commercial practice, Tom leads mergers and acquisitions, corporate reorganizations, project financing transactions, partnership formations and joint venture formations across a range of industries. In energy and infrastructure, he has acted for investors and financiers in project finance transactions, capital financings, project co-development arrangements, EPC contracting, PPA contract negotiations and strategic alliance formation. He also acts regularly for governments and government agencies on PPP procurements, electrification strategy development and renewable energy project planning and procurement. More recently, Tom has been brought in to act on the development of contract forms and business model development in micro-grid project development, DER initiatives, peak shaving energy storage and emergent demand response technologies.
Tom is leader of Gowling WLG's China Initiative and Chief Representative for the firm in Beijing. He serves as leader of the firm’s Global Renewable Energy Practice Group. He also serves as chair of the Canadian Solar Industries Association (CanSIA) and on a number of public, private and social sector boards. He is a regular speaker and law school lecturer, appears regularly in national and international news media, and has been quoted in such leading news sources as The Economist, Globe and Mail, The Financial Post, World Journal, BNN and Canadian Business.
Executive Advisor, Power Advisory LLCView presenter info
Michael Killeavy has had a long career in the energy and infrastructure sectors and has a proven track record of achievement. His background encompasses financial and economic analysis, capital project development, supply chain development, contract management, business case development, commercial negotiation, and risk management.
As the Executive Advisor for Power Advisory LLC, Michael is responsible for providing advice on commercial, contractual and market-related matters to clients in the Ontario electricity sector.
President of London Economics International LLCView presenter info
In his role as president of London Economics International LLC, A.J. Goulding manages a growing international consulting firm focused on finance, economic, and strategic consulting to the energy and infrastructure industries. In addition to serving as a sector expert in electricity and gas markets, his responsibilities include project management, marketing, budget and financial control, and recruiting. A.J. also serves as an adjunct associate professor at Columbia University, where he teaches a course on electricity market design and regulatory economics while also supervising graduate workshops.
A.J.’s diverse background enables him to work effectively in both emerging markets and OECD countries. In North America, A.J. has been articulate in describing market relationships between wholesale power marketers, merchant plants, aggregators, and the existing investor owned utilities. In emerging markets, A.J. has considerable experience dealing with the challenges of mixed private and public ownership, difficulties in creating credit-worthy distribution and retail entities, and the realities of line losses, unreliable fuel deliveries, and politicized labor relations. A.J. has worked on every continent except Antarctic.
A.J. began his career performing natural gas market analysis for the ICF Resources subsidiary of ICF Kaiser International. Later, he lived for two years in New Delhi, India, where he advised the United States Agency for International Development (USAID) on electric power sector restructuring in India. He continued his work on India while pursuing his MA at Columbia University, leading to the publication of an article on Indian privatization. Simultaneously, he researched the process of power sector reform in Pakistan, contrasting it with the Indian experience. Upon completion of his MA, A.J. served as business development associate for Citizens Power LLC, a top ten US wholesale power marketer. He then moved to LEI, where he has held roles of progressively increasing responsibility.