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Hydro-Québec's Request for Proposals and Award of Wind Farm Contracts with a Potential Investment Value of $5.5 Billion

CLIENT

Hydro-Québec

DATE

May 5, 2008

In October 2005, Hydro-Québec initiated a second request for proposals process for the construction of wind farms in Quebec to supply electricity (2000 MW) to be purchased by Hydro-Québec. Sixty-six proposals were submitted by 25 promoters. On May 5, 2008, Hydro-Québec announced that 15 of these proposals were accepted. These proposals still require various regulatory approvals, including in respect of environmental matters.

Hydro-Québec was represented by a team comprised of Jean Savard and Jean Bertrand in respect of matters related to the RFP process, and Jean Bertrand and Marc Lacourcière in respect of ancillary securities laws matters.

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