Switch Power Corp.
- Proceeding
- Proposalsection 50.4(9) of the BIA
- File
- 25-3138927
- Industry
- Energy · Power & utilities
Switch Power Corp. commenced Division I proposal proceedings under the Bankruptcy and Insolvency Act on October 9, 2024, in the Court of King's Bench of Alberta under court file number 25-3138927. The proceeding remains active. The record consists of a single milestone, the filing that opened the case; no subsequent orders, reports or hearing dates appear in it. The identity of the proposal trustee, the scope of any stay and the terms of any proposal are not recorded here.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. Second Report. The Company has completed the sale of its going-concern power generation assets (Sitka Transaction) and is now negotiating separate sales of its remaining development projects and its 49% joint venture interest, operating with minimal staff while seeking an extension to file a proposal.
Source: Second Report of the Proposal Trustee (December 10, 2024)
The court granted an approval and vesting order for the sale to Sitka Power Services Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Proposal Trustee's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions.
Debtor
Switch Power Corp.
Proposal trustee
Harris & Partners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Jeffrey | Court of King's Bench of Alberta | 2 orders, Dec 2024 | 51 cases on record |
| Justice Gill | Court of King's Bench of Alberta | 2 orders, Nov 2024 | 53 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorSwitch Power Corp. | Miller Thomson LLP | 5 Nov 2024 | Order · 5 Nov 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Saskworks Venture Fund Inc. · in 3 casesSubordinated debenture — Same creditor also holds an unsecured accounts payable claim (see unsecured list) — debtor: Switch Power Corp. · as of 9 Oct 2024 | $2.23M | Notice to Creditors (NOI) - Switch Power Corp. |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
109 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans3 transactions · 1 closed · 1 proposed · 1 approved — The Transaction is approved by this order.Approval and Vesting Order (November 5, 2024) · 5 Nov 2024
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Sitka Power Services Inc.the Vendor's right, title and interest in, to and under the Purchased Assets · asset sale · agreement 28 Oct 2024 | not stated | Closeddate not stated | Second Report of the Proposal Trustee (December… |
| Cardonthe tangible and intangible assets of the two of the Company's solar development projects: Cypress North and Cypress South · asset sale | not stated | Proposed | Second Report of the Proposal Trustee (December… |
| Pace Canada LPthe Vendor's right, title and interest in, to and under the Shares (as defined in the Share Purchase Agreement) · share sale · agreement 18 Dec 2024 | not stated | Approved20 Dec 2024 | Approval and Vesting Order (December 23, 2024) |
Canadian Western Bank (CWB): a distribution.FinalApplication (December 10, 2024) · 10 Dec 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Canadian Western Bank (CWB) | — | interim | Final | Application (December 10, 2024) · 10 Dec 2024 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$28.8K
As at 10 Dec 2024Second Report of the Proposal Trustee (December 10, 2024)
Cash on hand
As at
Professional fees
As at
2 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Proof of Claim Package | PDF · Subscribers | |
| Certificate of Assignment (February 7, 2025) | PDF · Subscribers | |
Approval and Vesting Order (December 23, 2024)
| PDF · Subscribers | |
Order (December 23, 2024)
| PDF · Subscribers | |
| Affidavit of J.Matulin (December 19, 2024) | PDF · Subscribers | |
Application (December 10, 2024)
| PDF · Subscribers | |
Second Report of the Proposal Trustee (December 10, 2024)
| PDF · Subscribers | |
| Affidavit of T.White (December 9, 2024) | PDF · Subscribers | |
Approval and Vesting Order (November 5, 2024)
| PDF · Subscribers | |
Order (November 5, 2024)
| PDF · Subscribers | |
Application (October 30, 2024)
| PDF · Subscribers | |
| Affidavit of M. Ceko (October 29, 2024) | PDF · Subscribers | |
First Report of the Proposal Trustee (October 29, 2024)
| PDF · Subscribers | |
Affidavit of T. White (October 26, 2024)
| PDF · Subscribers | |
Notice to Creditors (NOI) - Switch Power Corp.
| PDF · Subscribers | |
| Preliminary Report to Creditors | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Switch Power Corp.” (Proposal), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/switch-power-corp