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North Bay Hydro acquisition of Espanola Regional Hydro will take months to complete

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North Bay Hydro can’t say too much at this time about acquiring Espanola Regional Hydro.   Moose news reported this development on Monday.  The utility says the Ontario Energy Board still has to approve the deal and adds a lot of details still need to be finalized.   The local utility says this is a process that will take several months.   Hydro President and COO Matt Payne says it’s an exciting time for the local utility and there’s great value in partnering with the Espanola region.    News that North Bay Hydro was acquiring the North Shore utility broke Monday after Espanola announced the sale.

 

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