Hydro One Limited announced on December 19, 2024, that it acquired a 48% stake in the East-West Tie Limited Partnership from OMERS Infrastructure and Enbridge for $257 million in cash. The 450-kilometer, 230 kV transmission line spans from Wawa to Thunder Bay, supporting electricity delivery in northern Ontario.

CIBC Capital Markets and Gowling WLG advised Hydro One, while TD Securities and Torys LLP advised OMERS and Enbridge. The deal is subject to customary closing conditions.