Hydro One Acquires 48% Interest in East‑West Tie Limited Partnership
March 4, 2025
Hydro One Networks Inc., a wholly‑owned subsidiary of Hydro One Limited, completed the acquisition of an approximately 48% interest in the East‑West Tie Limited Partnership for roughly $261 million (inclusive of closing adjustments). The partnership owns the 450‑kilometre, 230‑kV East‑West Tie transmission line between Wawa and Thunder Bay, Ontario; remaining owners include the Bamkushwada Limited Partnership (approx. 3.5%) and affiliates of NextEra Energy Canada (approx. 48%).
- Buyers
- Hydro One Networks Inc., Hydro One Limited
- Targets
- East‑West Tie Limited Partnership
- Industry
- Utilities
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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