click to return to the homepage

Energy

  • Bruce Power: OMERS has a 31.6 per cent interest in the lease of nuclear power facilities operated by Bruce Power. The other investors are Cameco Corporation and TransCanada Pipelines Ltd. with 31.6 per cent each, and the Power Workers Union and Society of Energy Professionals with a 5.2 per cent interest. Bruce Power consists of two power stations, each with four CANDU reactors, that provide approximately 20 per cent of Ontario's electricity and employ more than 3,500 highly skilled workers. For further information, please visit www.brucepower.com.
  • CEDA Holdings Ltd: Borealis Infrastructure acquired 100% of CEDA Holdings Ltd. from Precision Drilling for $274 million.  CEDA is a leading provider of industrial, mechanical and electrical maintenance and turnaround services to the oil and chemical, electricity utility and pulp and paper industries in Canada and the US.  This acquisition capitalizes on CEDA’s reputation, expertise and client base in the oil sands of northern Alberta, one of Canada’s fastest growing regions for investments in energy projects.  The company has over 1,800 employees and is headquartered in Calgary.  For further information, please visit www.cedagroup.com
  • Enwave: OMERS is the majority equity owner of Enwave Energy Corporation, with the City of Toronto as the minority shareholder. Via underground piping, Enwave delivers clean and energy-efficient heating to more than 120 hospital, university and office buildings in Toronto's financial district from three plants. A fourth plant delivers chilled water drawn deep from Lake Ontario to four customers, including the Air Canada Centre and Metro Toronto Convention Centre. The deep lake water cooling project is being expanded to air condition further buildings. Enwave is the second largest district energy system in North America. For the latest information, please visit www.enwave.com.
  • Enersource: OMERS has a 10 per cent equity interest in Enersource Corporation, with the City of Mississauga the majority owner. Borealis also arranged a bond issue to refinance the local utility, Enersource Hydro Mississauga, which provides electricity to 175,000 subscribers and is the second largest municipal electric utility in Ontario. Enersource is one of the top five in North America based on performance measures that include revenue and controllable costs per employee. Enersource Corporation owns related non-regulated companies and plans to offer one-stop shopping for energy-related services to the business, residential and utility markets. Further details can be found at www.enersource.com.
  • Express Pipeline System: The $1.2 billion Express System is the major pipeline exporting conventional and synthetic crude oil from Alberta to the Rocky Mountain and Midwest states. OMERS is an investor with Terasen Inc. and Ontario Teachers' Pension Plan. The 1,700-mile system, including the Platte Pipeline, serves refineries in Montana, Wyoming, Utah, Colorado, Kansas and Illinois. Additional information can be found at www.terasen.com.
  • Scotia Gas Networks: OMERS has a 25% equity interest in Scotia Gas Networks plc, which wholly owns Scotland Gas Networks plc and Southern Gas Networks plc.  The other shareholders of Scotia Gas Networks are Scottish and Southern Energy plc which has a 50% interest and the Ontario Teachers’ Pension Plan Board has a 25% interest.  Scotia Gas Networks’ primary focus is on delivering gas to its 5.6 million customers safely, reliably and efficiently.  In the South, Southern Gas Networks delivers gas across an area reaching from Milton Keynes, to Dover in the east and Lyme Regis in the west, including London boroughs to the south of the River Thames.  In Scotland, Scotland Gas Networks delivers gas to 75% of Scottish households.  For further information, please visit www.scotiagasnetworks.co.uk.