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Hydro One’s future large-scale transmission line projects will follow a model announced last year for the Waasigan line in Northwestern Ontario.
Sep 22, 2022
TORONTO — Hydro One has launched a 50/50 equity model with First Nations on new large-scale transmission line projects.
Under the plan announced Thursday in Toronto, Hydro One will offer First Nations a 50 per cent stake in all future capital transmission line projects with a value over $100 million.
The announcement follows the signing of an agreement last spring with eight First Nations represented by Gwayakocchigewin Limited Partnership (GLP) for the Waasigan Transmission Line project in Northwestern Ontario.
In total, nine First Nations have an opportunity to invest in 50 per cent of the project, which involves the construction of new high-voltage lines between Thunder Bay, Atikokan and Dryden.
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