HQI US Holding LLC, a wholly-owned subsidiary of Hydro-Québec, agreed to acquire Great River Hydro LLC, owner of 13 hydroelectric power stations in the U.S. states of Vermont, New Hampshire and Massachusetts.
Great River Hydro was offered for sale by companies affiliated with ArcLight Capital Partners, LLC. The acquisition cost is around $2 billion.
Great River Hydro owns 13 cascading generating stations and three additional reservoirs over about 310 miles along the Connecticut and Deerfield rivers in New England. Total generating capacity is 589 MW. One-fifth of this production is subject to long-term supply contracts. And the company owns 30,000 acres of land, which Hydro-Quebec said allows for “various renewable energy growth projects.”
