Another milestone achieved: we have successfully signed a USD$290m inaugural US Private Placement for the OMERS holding company of Oncor Electric Delivery — the largest electricity transmission and distribution business in Texas, and an OMERS portfolio company since 2008. This marks OMERS third infrastructure refinancing in five months. In late 2025: • The OMERS holding company of Bruce Power completed its inaugural C$1.5bn senior unsecured bond issuance — the largest domestic holding company bond issuance in the Canadian Power & Utilities sector to date. • We also closed €770m in new debt facilities for the OMERS holding company of Exolum, the global energy logistics platform supporting the energy transition. Notably, all three transactions were oversubscribed, reflecting the strong fundamentals of these assets and support from our global lending partners. Michael Hill, Global Head of OMERS Infrastructure, said: “OMERS is singularly focused on providing retirement security for our members, and investing in essential infrastructure assets globally is central to that mission. Refinancings — delivered through strong financial partnerships — play a critical role in the lifecycles of our investments, helping to enable resilience, growth and value creation.” Congratulations to our teams and partners who made these milestones possible!
James Thompson
2mo
Congrats, team!
Rob Jokhai
2mo
Congrats Mike!
The Oncor transaction is a strong signal of where patient infrastructure capital is moving. Texas T&D assets have become increasingly strategic not just for traditional utility exposure but because the ERCOT grid is now at the center of the AI compute buildout in the US. Power-entitled sites in that market are trading differently than anywhere else in the country right now. The intersection of transmission infrastructure and AI demand is creating a new category of asset that didn't exist five years ago. What does OMERS Infrastructure see as the most compelling long-term play within the Texas energy ecosystem?