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Hydro One Halves Revolver February 11, 2010

-- Sara Rosner Canadian transmission and distribution shop Hydro One has secured a three-year CAD500 million ($468 million) revolver to take out a CAD$1 billion revolver due to falling power prices. The company uses the facility to fill in shortfalls when it needs to purchase electricity from generators and has yet to receive payments from regulators, notes Greg Paul, analyst at Standard & Poor’s in Toronto. With falling prices and demand those potential shortfalls are much smaller than when ...

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