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Hydro One IPO nets Ontario over $5 billion

2015-11-12 18:00:34| Energy - Topix.net

The Ontario government raised a total of $1.83 billion from the sale of the first 15 per cent of shares in Hydro One, the giant electricity transmission utility. The province also gained about $2.2 billion from a deferred tax asset benefit and another $1 billion from a special dividend and payments-in-lieu of taxes.

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