Hydro One acquires approximately 48% interest in the East-West Tie Limited Partnership
Type: Acquisition · Technology: Transmission · Country: Canada · Value: $257M · Announced: 2024-12-20
Hydro One Networks Inc. agreed to purchase approximately a 48% interest in the East-West Tie Limited Partnership (owner of a 450-km, 230 kV double-circuit transmission line in Ontario) from affiliates of OMERS Infrastructure Management Inc. and Enbridge Transmission Holdings Inc. for $257 million in cash.
Counterparties
- Hydro One Networks Inc (Buyer)
- NextEra Energy Canada, LP (affiliates) (Partner)
- Enbridge Transmission Holdings Inc. (affiliates) (Seller)
- Bamkushwada Limited Partnership (Partner)
- OMERS Infrastructure Management Inc. (affiliates) (Seller)
📈 The Sherpa Signal — one notable infrastructure deal a day.
📘 Sherpa Guides — practitioner guides to developing, financing and acquiring infrastructure.