Hydro-Quebec to pay CAD3.2bn for NB Power facilities
Hydro-Quebec said it will pay CAD3.2bn to buy most of debt-laden New Brunswick Power’s generating facilities in an agreement that excludes the latter’s transmission and distribution assets. First announced in October and followed by public criticism, the new acquisition price is scaled back from CAD4.75bn. Hydro-Quebec will purchase the bulk of NB Power’s generating assets …