07:32 AM EST, 03/05/2025 (MT Newswires) -- Hydro One ( HRNNF ) said overnight Wednesday that its subsidiary Hydro One Networks completed the acquisition of a 48% interest in the East-West Tie Limited Partnership in northern Ontario for $261 million.

The partnership owns the East-West Tie Line, a 450-kilometer, 230-kilovolt double-circuit transmission line regulated by the Ontario Energy Board.

"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," said David Lebeter, Hydro One's ( HRNNF ) president and CEO.