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Columbia Basin Trust

Company Summary

Description

While our range of services, programs, initiatives and financial investments is extensive, our purpose is straightforward: we exist and act for the social, economic and environmental well-being of the Basin—now and for generations to come.

Website

https://ourtrust.org/about/our-story/

Recent news

  • 4/17/2019 - Fortis Sells its 51%... (subscriber access)
  • 1/28/2019 - Fortis Sells 51%... (subscriber access)

Company Transactions

Date: 4/30/2019
Type: Acquisition

BUYERS:
  • Columbia Power Corporation
  • Columbia Basin Trust
    • SELLERS:
  • Fortis Inc
    • ASSETS:
  • Waneta Hydroelectric Generation Facility
    • DETAILS:

    COST: 1 $B

    VOLUMES: 51 Percent

    NOTES:
    Fortis entered into a definitive agreement with Columbia Power Corporation and Columbia Basin Trust to sell its 51% interest in the 335 MW Waneta Expansion Hydroelectric Facility in British Columbia for roughly $1 billion.

    Date: 4/17/2019
    Type: Acquisition

    BUYERS:
  • Columbia Basin Trust
  • Columbia Power Corporation
    • SELLERS:
  • Fortis Inc
  • Fortisbc Energy Inc.
    • PROJECTS:
  • Waneta Expansion Hydroelectric Project
    • DETAILS:

    COST: 1 $B

    NOTES:
    Fortis sold its 51% interest in the Waneta Expansion Hydroelectric Project in British Columbia to Columbia Power Corporation and Columbia Basin Trust for $1 billion.