BRIEF-Hydro One to buy Orillia Power distribution from City of Orillia

Mon Aug 15, 2016 12:51pm EDT
 
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Aug 15 (Reuters) - Hydro One Ltd :

* Hydro One to acquire Orillia Power distribution from City of Orillia

* Will assume about $14.9 million of debt, regulatory liabilities for total transaction value of $41.3 million

* Hydro One will pay City of Orillia $26.35 million for Orillia Power

* Hydro One and City of Orillia have also entered into separate facilities and land purchase agreements Source text for Eikon: Further company coverage: