Saturday, March 3, 2012

Hydro-Quebec agrees to buy more energy assets

Canadian utility company Hydro-Quebec says it will pay 4.7 billion Canadian dollars ($4.4 billion) for the assets of New Brunswick Power, a deal that would help the company secure greater access to electricity markets in the U.S.

Hydro-Quebec announced Thursday that it expects to spend up to 25 billion Canadian dollars ($23 billion) over the …

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