It's one of the largest acquisitions in Hydro-Québec's 79-year history. Read more.
Great River Hydro will remain a separate entity and retain its approximately 100 employees, according to officials.
Hydro-Quebec has entered an agreement to purchase Great River Hydro and its 13 hydro-electric power stations (and three reservoirs) in New England for $2.7 billion (~$2 billion USD). Facilities span Vermont, New Hampshire and Massachusetts.
I expect that this is a power play in an attempt to get their transmission corridor into the US built, something that they've been struggling with to increase their export capacity.