Thousands without power in northern Ontario
The utility says about 2,800 outages hit the Huntsville area beginning night of December 14, affecting mainly rural customers across the region.
About 1,000 homes, businesses and cottages finally had service restored by the end of December 16.
Hydro One says another 9,700 customers are affected near Sudbury and another 5,200 are without electricity near North Bay.
Poor weather is believed responsible for most of the outages.
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Ontario Teachers Pension Plan agrees to acquire a 25% stake in SSEN Transmission
LONDON - Ontario Teachers’ Pension Plan Board (‘Ontario Teachers’) has reached an agreement with Scotland-based energy provider SSE plc (‘SSE’) to acquire a 25% minority stake in its electricity transmission network business, SSEN Transmission, to provide clean, affordable renewable energy to millions of homes and businesses across the UK.
The transaction is based on an effective economic date of 31 March 2022, and total cash proceeds of £1,465m for the 25% stake are expected at completion. The transaction is expected to complete shortly.
SSEN Transmission, which operates under its licenced entity, Scottish Hydro Electric Transmission plc, transports electricity generated from renewable resources…
