On October 11, 2022, Cameco Corporation and Brookfield Renewable Partners, along with their consortium, announced their strategic partnership to acquire Westinghouse Electric Company, a major player in the nuclear services sector. Westinghouse's total enterprise value stands at $7.875 billion ($10,803,397,500.00 CAD), with its existing debt structure intact, bringing the consortium's equity cost to an estimated $4.5 billion. Of this, Brookfield and its partners will contribute approximately $2.3 billion, while Cameco will provide about $2.2 billion. Brookfield Renewable intends to invest roughly $750 million to secure a 17% stake in Westinghouse. Westinghouse, with a heritage in the energy industry of over a century, currently leads in providing crucial nuclear power solutions. It offers services like maintenance for outages, nuclear fuel production, new reactor design, and environmental stewardship. Approximately 85% of the company's revenue derives from long-term contracts, marking its position as a stable and reliable income source. The acquisition aims to blend Cameco's prowess in uranium fuel supply with Westinghouse's downstream capabilities. This synergy could potentially present utilities with an optimized nuclear fuel solution, enhancing access to North American and European fuel sources. The deal comes after Brookfield Business Partners' successful overhaul of Westinghouse since its acquisition in 2018. Independent directors of Brookfield Renewable have unanimously approved the transaction, with Greenhill & Co. Canada, Ltd. providing a financial fairness opinion. Goldman Sachs & Co. LLP and CIBC Capital Markets are serving as Cameco's financial advisors. The deal is expected to conclude in the latter half of 2023, subject to customary conditions and regulatory approvals.