Vinson & Elkins LLP advised Hudson Energy Supply UK Limited (Hudson), a subsidiary of Just Energy Group Inc. (NYSE/TSX: JE) on its entry into a five-year strategic power supply arrangement with Shell Energy Europe Limited (Shell) for Hudson’s commercial retail business in the UK. The transaction, which signed on February 1, 2013, represents an important step for Just Energy in the expansion of its business beyond North America and is expected to provide Just Energy with the foundation required to grow within the UK and to offer competitive products to customers.
Under the arrangement, Hudson will have access to the wholesale power market and the benefit of Shell’s extensive market presence and knowledge.
The V&E team was led by Lewis Jones, a partner in the London office finance practice, and Alex Msimang, a partner in the London office energy practice, who were principally assisted by Kevin Atkins, an associate in the London energy team, and Stuart Fowkes, an associate in the London finance team.
Lewis Jones commented: “We are extremely pleased to have had the opportunity to represent Just Energy in this transaction, particularly as it was such a strategically important step in their growth plans beyond North America.”
Shell Energy Europe Limited was advised by in-house senior legal counsel, Adam Khan and Clifford Chance LLP. The Clifford Chance team was led by James Pay (partner) assisted by Eleanor Hooper (senior associate) both members of Clifford Chance’s London Energy & Infrastructure Group.
