American Company and AltaLink

AltaLink: Berkshire Hathaway Energy application to buy AltaLink received approval Friday from Industry Canada. As a result, the American company has agreed to multiple commitments in order to meet the overall economic benefit standards set by the government for foreign investment transactions. , according to Canadian Broadcasting Corporation, CBC. Those commitments include a promise not to reduce the level of employment at AltaLink, to keep the electricity transmission company locally managed with its headquarters in Alberta and to keep a majority of its board of directors Canadians. The federal government has approved the pending sale of an Alberta utility provider to an American company. SNC-Lavalin to sell AltaLink for $3.2B (news.financializer.com). As reported in the news.