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Hydro One halts talks to purchase Peterborough Distribution Inc.

from Global News

Hydro One has withdrawn from negotiations regarding the sale of Peterborough Distribution Inc. John Stephenson, president and chief executive officer of Peterborough Utilities Group, says Hydro One walked away from talks this week. Hydro One approached the city in 2004 about a purchase of the publicly owned utility with an agreed price tag of $105 million after city council voted 6-5 in favour of the sale in December 2016. more

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