Hydro One officially joins northern Ontario partnership and expands its transmission ownership
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Hydro One Limited's subsidiary, Hydro One Networks Inc., has acquired a 48% interest in the East-West Tie Limited Partnership, expanding its transmission ownership in northern Ontario.
March 04, 2025 | 11:30 pm
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Hydro One Networks Inc., a subsidiary of Hydro One Limited, has acquired a 48% interest in the East-West Tie Limited Partnership, enhancing its transmission assets in northern Ontario.
The acquisition of a significant stake in the East-West Tie Limited Partnership by Hydro One Networks Inc. is likely to positively impact Hydro One's stock (HRNNF) as it expands its transmission assets, potentially leading to increased revenues and market presence in northern Ontario.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100