# Hydro One to buy 48% stake in East-West Tie Line for $257M

Hydro One Networks Inc., a subsidiary of Hydro One Limited, agreed to purchase an approximately 48% interest in the East-West Tie Limited Partnership from OMERS and Enbridge for $257 million. The East-West Tie Line is a 450-km transmission line in northern Ontario.

- Type: Acquisition
- Announced: 2024-12-19
- Where: northern Ontario (Wawa to Thunder Bay), Canada
- Value: $257.0M
- Status: announced
- Products: transmission line
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hydro One Ltd.](https://endata.com/companies/28304.md) (acquirer)
- [OMERS Infrastructure Management Inc.](https://endata.com/companies/64084.md) (partner)
- [Enbridge Transmission Holdings](https://endata.com/companies/81929.md) (partner)
- [NextEra Energy Canada](https://endata.com/companies/81930.md) (partner)
- [Bamkushwada Limited Partnership](https://endata.com/companies/81931.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/hydro-one-expands-transmission-ownership-in-northern-ontario-302336662.html), 2024-12-19: "By investing in this critical transmission infrastructure, we not only support the reliable delivery of electricity but also contribute to the long-term economic opportunities and shared prosperity in the region."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.