"MONTREAL — A Hydro-Quebec subsidiary is buying a company that operates 13 hydropower generating stations in Vermont, New Hampshire and Massachusetts, strengthening its relationship with New England.
The $2 billion purchase of Great River Hydro LLC and the dams that produce 589 megawatts of electricity will provide Hydro-Quebec with the largest hydropower operation in New England, officials said Wednesday.
Hydro-Quebec has a long relationship with New England, providing hydropower to the region since the 1980s.
Sophie Brochu, president and CEO of Hydro-Quebec, said the agreement to acquire Great River and the dams along 310 miles (500 kilometers) of the Connecticut and Deerfield rivers from affiliates of ArcLight Capital Partners will leverage the capabilities of both companies."
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