The proposed deal, which requires regulatory approval from the Alberta Utilities Commission (AUC) and the Canadian government, is expected to close late this year or in early 2015, according to Montreal-based SNC-Lavalin.
Under BHE, AltaLink would continue to operate as a separate company with its current name and retain headquarters in Calgary.
“The acquisition of AltaLink represents a great long-term opportunity to invest in Alberta’s critical transmission infrastructure,” says Greg Abel, chief executive of BHE, an 89.8%-owned
