Hydro One Networks buys 48% stake in East-West Tie Limited Partnership
Hydro One Networks, a wholly owned subsidiary of Hydro One, has completed the acquisition of a 48% stake in the East-West Tie Limited Partnership.
The stake was acquired from OMERS Infrastructure Management affiliates and Enbridge Transmission Holdings under a deal signed in December 2024.
East-West Tie Limited Partnership owns the East-West Tie Line, a 450km, 230 kilovolt (kV) double-circuit transmission line regulated by the Ontario Energy Board (OEB) which stretches between Wawa and Thunder Bay along the north shore of Lake Superior, Canada.
The acquisition, valued at C$261m ($180.3m), includes closing adjustments.
The closure of the deal results in a partnership for Hydro One with the other owners of the East-West Tie Line: Bamkushwada Limited Partnership, a consortium of six First Nations, and affiliates of NextEra Energy Canada, which own 3.5% and 48% respectively.
The East-West Tie Line features an OEB-approved rate base of C$880m.
Hydro One president and CEO David Lebeter stated: "Electricity is the backbone of the economy, and Hydro One has a long history of owning and operating transmission infrastructure in the north.
"This investment will continue to support the reliable delivery of electricity that powers daily life and contributes to shared long-term prosperity in the region."
The East-West Tie Line was constructed in collaboration with the Bamkushwada Limited Partnership, jointly owned by Biigtigong Nishnaabeg, Fort William First Nation, Michipicoten First Nation, Netmizaaggamig Nishnaabeg, Pays Plat First Nation and Red Rock Indian Band.
Hydro One Limited, via its fully-owned subsidiaries, is the largest electricity transmission and distribution provider in Ontario with 1.5 million customers and $37bn in assets as of 31 December 2024.
In the same month, the company was selected to develop a critical transmission line in northeastern Ontario in partnership with First Nations.
The OEB was directed to amend Hydro One's transmission licence to enable the construction of this project.
"Hydro One Networks buys 48% stake in East-West Tie Limited Partnership" was originally created and published by Power Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 hours ago
- Yahoo
Illinois ‘chicken bill' aims to boost small poultry farms, expand access to their products
Legislation would allow farmers to sell their poultry at farmers markets, roadside stands and through delivery By GRACE FRIEDMANMedill Illinois News Bureaunews@ SPRINGFIELD — A bill that would lift long-standing restrictions on small poultry farmers in Illinois, reducing red tape and transforming the way local farmers process and sell their products, is heading to the governor. Under a measure dubbed the 'chicken bill,' farmers who process fewer than 7,500 birds annually would be exempt from state and federal inspections of their poultry operations or from having to send birds to USDA-approved processing facilities — an increase from the previous 5,000-bird threshold. The change, part of an update to the Illinois Meat and Poultry Inspection Act, also allows these farmers to sell their poultry beyond their own farms — including at farmers markets, roadside stands and through delivery — a major shift from earlier restrictions. 'This is important for our small farmers to be able to get their product to the community, and that's what this is all about,' said Sen. Sally Turner, R-Beason, who co-sponsored the bill. The Illinois House voted 116-0 on Friday, May 30, to approve House Bill 2196, and the Senate passed it unanimously on May 22. Turner represents a largely rural district spanning 10 counties. 'Farmers in my community, especially small farmers, are important to me, personally, but also to our whole district,' she said. State Rep. Charlie Meier, R-Okawville, a farmer himself, said the legislation provides local agriculture with a much-needed boost. 'We always want to get the freshest product to the consumer. We want them to know where it came from,' Meier said. 'So what's better than meeting the farmer who's raised those chickens, knowing where they're coming from? They're fresh, and you're getting a good, healthy product.' Initially, the bill faced pushback from some public health groups, which argued for stricter labeling and packaging rules to ensure the safety of poultry products for consumption. The revised bill includes mandated temperature controls during storage, transportation, shipping and delivery. Processed poultry must be packaged in sealed, leak-proof containers to prevent contamination. Each package must also be clearly labeled with the farm's name and address, the product name, net weight and a statement indicating that the poultry was processed under exemption and not inspected by state or federal authorities. 'Everything you see in that bill was done by some of the public health coalitions,' Michael Desmedt, interim director of public health for DuPage County, said. 'I think our voices were heard, and they understood our concerns.'' Ed Dubrick, a poultry farmer and policy organizer with the Illinois Stewardship Alliance, a nonprofit organization that advocates for sustainable agriculture, said he went around the state and asked livestock farmers what they needed to help with the processing of their animals. Dubrick said the current exemption was too limiting because farmers could only sell 'on or from the farm.' 'Expecting someone to come to the farm every time they want some chicken just really isn't realistic,' he said. 'But if we can bring it to a farmers market where the consumers are, that adds an opportunity.' Illinois is one of the few states without more flexible on-farm poultry processing exemptions, Dubrick said. 'In many states — about 40 — you're allowed to process up to 20,000 birds under similar rules. We're only asking for 7,500,' he said. Farmers will benefit, according to Dubrick. 'It gives them the opportunity to drive both their production and their profits on their farms,' he said For consumers, he said, 'I think you'll see an increase in the availability of local poultry, and I don't think you'll see any difference in food quality or safety. Farmers are proud of their product. They're not going to put their name, their reputation, their business on the line.' Anna Morrell, co-owner of The Little Farm at Weldon Springs in Clinton, said the bill could make it more viable for her and her husband to scale up their small operation, which began in 2020. 'This basically just opens up another avenue for getting poultry processed with lower overhead and gives us an avenue of sales into farmers markets,' Morrell said. 'We're currently not operating under the poultry exemption. We take our meat to USDA-inspected facilities, but there are very few processors in Illinois that process poultry.' Morrell said the current law had made it more challenging for poultry farmers in Illinois to sell their products; this bill would decrease the number of miles farmers have to travel to get their poultry processed. If signed, Legislators and advocates say the bill represents a rare collaboration between producers, public health departments and state lawmakers. 'And let's see if we can't keep a few more farm families on the farm and give kids another chance at a future on the farm,' Meier said. Grace Friedman is a journalism student at Northwestern University's Medill School of Journalism, Media, Integrated Marketing Communications, and a fellow in its Medill Illinois News Bureau working in partnership with Capitol News Illinois. Capitol News Illinois is a nonprofit, nonpartisan news service that distributes state government coverage to hundreds of news outlets statewide. It is funded primarily by the Illinois Press Foundation and the Robert R. McCormick Foundation. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
11 hours ago
- Yahoo
Aurora plans for road resurfacing, water main projects
The city of Aurora is planning for three infrastructure projects, including road resurfacings and water main replacements. The projects, expected to cost in total roughly $9.3 million, were approved by the Aurora City Council on May 27. None were discussed at that meeting as they were passed as part of the consent agenda, which is typically used for routine or non-controversial items that are all approved with one vote. The most costly of the infrastructure-related items approved at the meeting late last month was the 2025 Citywide Street Resurfacing-EAST project. Builders Paving, LLC, of Hillside was awarded a nearly $5.9 million contract to resurface almost 26 'lane miles' of city-maintained streets, according to a staff report included with the May 27 meeting's agenda. The company, which is certified by the Illinois Department of Transportation and has previously done resurfacing work for the city, submitted the lowest-cost bid that met the city's requirements, coming in around 2% under the estimated project cost, staff said in the report. The majority of the project's funding — $3.5 million — is coming from state Motor Fuel Taxes, according to the report. The resurfacing project will also be funded by municipal motor fuel taxes, water and sewer funds, the 9th Ward projects fund, neighborhood improvement capital funds and federal money through the Community Development Block Grant program. The work is expected to begin this month and be done by October. Staff said in the report that each street will be under construction for eight to 10 weeks, which will have some impact on local traffic. The 2025 Citywide Street Resurfacing Project as a whole is set to resurface a total of 43 'lane miles' of city-maintained streets, the staff report said. The project was broken up across two contracts: one covering streets on the East Side of the city and another covering the North and West Sides of the city. The resurfacing project's other contract, awarded to Geneva Construction Co. of Aurora for around $3.4 million, was approved by the Aurora City Council earlier in May. Geneva Construction's bid came in under projected costs by 9%, according to a different staff report about that contract. Construction has already begun on this earlier-approved phase of the resurfacing project but has not yet started on the East Side part, a city spokesperson said. Staff said in their report about the West Side part of the resurfacing project that the city maintains nearly 1,300 'lane miles' of streets which have a pavement surface life expectancy of 20 to 25 years. Last year, the city resurfaced around 38 'lane miles,' and in 2023 resurfaced around 43 miles of street lanes. Also approved at the May 27 meeting was a nearly $3.2 million contract with Miller Pipeline LLC to replace a water main off Sullivan Road on the city's West Side. The Beau Ridge North Water Main Improvements project looks to replace a water main prone to breaks in the area of Calico Drive, according to a staff report included with the meeting's agenda. Plus, staff said in the report that the 128 water service lines off the existing water main, most of which are currently lead, will also be replaced. Because the project is being done in a quiet, residential area, there will not be any major lane closures, the staff report said. Traffic will be minimally impacted, the report said, and water shutdowns will be planned and coordinated with impacted residents. Miller Pipeline's bid for the project was the lowest that met the city's requirements and came in around 4.5% under the project's expected cost, staff said in the report. Another water main project was also approved at the late May meeting: the Fox Valley Center Drive Water Main Replacement project. Fox Excavating, Inc. was awarded a roughly $210,000 contract for the project planned to replace a portion of the water main near Fox Valley Mall, which also has a history of frequent breaks, according to a separate staff report. Unlike the other water main replacement project, this one only has to replace two water service lines off the existing water main, the staff report said, and those two will only be partially replaced because they are both copper. In addition to the three infrastructure projects, the Aurora City Council also approved various vehicle and vehicle-related purchases as a part of its May 27 meeting consent agenda. One of the resolutions approved at that meeting, which had a price tag of a little over $1.7 million, allowed the city's Fleet Maintenance Division to purchase listed vehicles when there is the opportunity to do so. According to the staff report about the resolution, current market conditions make it difficult for the city to buy vehicles through the city's standard bidding and approval processes. In total, the city is looking to buy 27 vehicles, most of which are replacement hybrid squad cars for the Aurora Police Department. The Animal Control, Water and Sewer Maintenance, Downtown Maintenance, Electrical and Street Maintenance divisions are also set to get new vehicles. When it makes sense, electric or high-efficiency vehicles will be purchased, staff said in the report. In a separate resolution, the Aurora City Council approved the purchase of a new Ford Hybrid Utility Police Interceptor for around $52,000, which a staff report said will replace a similar car that was totaled in an accident. The City Council also approved, in a different resolution, the purchase of squad car cameras and related equipment for the Aurora Police Department from Axon Enterprises for almost $100,000. This equipment, a staff report said, will go to support the police department's growing vehicle fleet. Squad car cameras, in addition to body cameras, are required by police department policy and legal mandates, staff said in the report. Another vehicle-related purchase approved by the Aurora City Council was a pair of vehicle repair lifts for the new Public Works Facility. The two lifts will cost the city a total of roughly $98,000. rsmith@
Chicago Tribune
11 hours ago
- Chicago Tribune
Aurora plans for road resurfacing, water main projects
The city of Aurora is planning for three infrastructure projects, including road resurfacings and water main replacements. The projects, expected to cost in total roughly $9.3 million, were approved by the Aurora City Council on May 27. None were discussed at that meeting as they were passed as part of the consent agenda, which is typically used for routine or non-controversial items that are all approved with one vote. The most costly of the infrastructure-related items approved at the meeting late last month was the 2025 Citywide Street Resurfacing-EAST project. Builders Paving, LLC, of Hillside was awarded a nearly $5.9 million contract to resurface almost 26 'lane miles' of city-maintained streets, according to a staff report included with the May 27 meeting's agenda. The company, which is certified by the Illinois Department of Transportation and has previously done resurfacing work for the city, submitted the lowest-cost bid that met the city's requirements, coming in around 2% under the estimated project cost, staff said in the report. The majority of the project's funding — $3.5 million — is coming from state Motor Fuel Taxes, according to the report. The resurfacing project will also be funded by municipal motor fuel taxes, water and sewer funds, the 9th Ward projects fund, neighborhood improvement capital funds and federal money through the Community Development Block Grant program. The work is expected to begin this month and be done by October. Staff said in the report that each street will be under construction for eight to 10 weeks, which will have some impact on local traffic. The 2025 Citywide Street Resurfacing Project as a whole is set to resurface a total of 43 'lane miles' of city-maintained streets, the staff report said. The project was broken up across two contracts: one covering streets on the East Side of the city and another covering the North and West Sides of the city. The resurfacing project's other contract, awarded to Geneva Construction Co. of Aurora for around $3.4 million, was approved by the Aurora City Council earlier in May. Geneva Construction's bid came in under projected costs by 9%, according to a different staff report about that contract. Construction has already begun on this earlier-approved phase of the resurfacing project but has not yet started on the East Side part, a city spokesperson said. Staff said in their report about the West Side part of the resurfacing project that the city maintains nearly 1,300 'lane miles' of streets which have a pavement surface life expectancy of 20 to 25 years. Last year, the city resurfaced around 38 'lane miles,' and in 2023 resurfaced around 43 miles of street lanes. Also approved at the May 27 meeting was a nearly $3.2 million contract with Miller Pipeline LLC to replace a water main off Sullivan Road on the city's West Side. The Beau Ridge North Water Main Improvements project looks to replace a water main prone to breaks in the area of Calico Drive, according to a staff report included with the meeting's agenda. Plus, staff said in the report that the 128 water service lines off the existing water main, most of which are currently lead, will also be replaced. Because the project is being done in a quiet, residential area, there will not be any major lane closures, the staff report said. Traffic will be minimally impacted, the report said, and water shutdowns will be planned and coordinated with impacted residents. Miller Pipeline's bid for the project was the lowest that met the city's requirements and came in around 4.5% under the project's expected cost, staff said in the report. Another water main project was also approved at the late May meeting: the Fox Valley Center Drive Water Main Replacement project. Fox Excavating, Inc. was awarded a roughly $210,000 contract for the project planned to replace a portion of the water main near Fox Valley Mall, which also has a history of frequent breaks, according to a separate staff report. Unlike the other water main replacement project, this one only has to replace two water service lines off the existing water main, the staff report said, and those two will only be partially replaced because they are both copper. In addition to the three infrastructure projects, the Aurora City Council also approved various vehicle and vehicle-related purchases as a part of its May 27 meeting consent agenda. One of the resolutions approved at that meeting, which had a price tag of a little over $1.7 million, allowed the city's Fleet Maintenance Division to purchase listed vehicles when there is the opportunity to do so. According to the staff report about the resolution, current market conditions make it difficult for the city to buy vehicles through the city's standard bidding and approval processes. In total, the city is looking to buy 27 vehicles, most of which are replacement hybrid squad cars for the Aurora Police Department. The Animal Control, Water and Sewer Maintenance, Downtown Maintenance, Electrical and Street Maintenance divisions are also set to get new vehicles. When it makes sense, electric or high-efficiency vehicles will be purchased, staff said in the report. In a separate resolution, the Aurora City Council approved the purchase of a new Ford Hybrid Utility Police Interceptor for around $52,000, which a staff report said will replace a similar car that was totaled in an accident. The City Council also approved, in a different resolution, the purchase of squad car cameras and related equipment for the Aurora Police Department from Axon Enterprises for almost $100,000. This equipment, a staff report said, will go to support the police department's growing vehicle fleet. Squad car cameras, in addition to body cameras, are required by police department policy and legal mandates, staff said in the report. Another vehicle-related purchase approved by the Aurora City Council was a pair of vehicle repair lifts for the new Public Works Facility. The two lifts will cost the city a total of roughly $98,000.
