11:42 AM EST, 03/05/2025 (MT Newswires) -- (Updates shares.)

Hydro One ( HRNNF ) said overnight Wednesday 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 ) chief executive.

Hydro One ( HRNNF ) shares were last seen down $0.86 to $46.69 on the Toronto Stock Exchange.

Price: 46.70, Change: -0.85, Percent Change: -1.79