Brookfield to sell Cross-Sound transmission system to Argo Infrastructure

U.S. infrastructure investment firm Argo Infrastructure Partners has agreed to acquire the transmission system of Cross-Sound Cable Co LLC. The deal, the financial value of which was not disclosed, is expected to close later this year. Cross-Sound's transmission system provides interconnection between the New England and Long Island power grids via a 39 kilometre submarine cable spanning Long Island Sound. It is being sold by Brookfield Infrastructure Partners, an affiliate of Canadian asset manager Brookfield Asset Management.

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