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Hydro One registers C$4B of securities

Hydro One Ltd. filed a prospectus for the potential sale of up to C$4 billion of securities from time to time.

The June 8 preliminary short-form base shelf covers the sale of common and preferred shares, debt securities, subscription receipts, warrants and units.

The company intends to use proceeds from any sale of securities for working capital requirements or for other general corporate purposes, including the repayment or refinancing of debt, funding acquisitions, funding capital expenditures or for other working capital needs.

Separately, Hydro One subsidiary Hydro One Holdings Ltd. filed a registration statement on Form F-10 for the potential sale of up to US$3 billion of debt securities from time to time. The proceeds will be used to refinance debts incurred to fund the planned purchase of Avista Corp.