SEPTEMBER 25, 2024 – AXIUM INFRASTRUCTURE ACQUIRES 80% EQUITY INTEREST IN REGULATED TRANSMISSION FACILITIES TO BE BUILT IN ONTARIO
Toronto, ON – Axium Infrastructure (Axium) is pleased to announce that one of its managed funds has acquired an 80% equity interest in PUC Transmission LP (PUC TransCo), a regulated transmission utility established to construct and operate a greenfield transformation station and transmission line project located in Sault Ste. Marie, Ontario (collectively, the “Project”). PUC TransCo is owned in partnership with the public utility of Sault Ste. Marie, PUC Inc., a wholly owned subsidiary of the Corporation of the City of Sault Ste. Marie.