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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