Ontario to raise up to C$1.7 billion in Hydro One IPO -filing

Fri Oct 9, 2015 3:27pm EDT
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TORONTO Oct 9 (Reuters) - The Canadian province of Ontario expects to raise up to C$1.7 billion ($1.31 billion) in an initial public offering for its electric utility Hydro One Ltd unit, according to a regulatory filing.

The Ontario government plans to sell 81.1 million Hydro One shares likely to be priced between C$19 and C$21.

($1 = 1.2946 Canadian dollars) (Reporting by John Tilak and Euan Rocha; Editing by Diane Craft)