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The Government of Ontario has directed the Ontario Energy Board to amend Hydro One Networks Inc.’s (Hydro One) transmission license to develop and construct three new priority transmission lines to meet growing electricity demand in northeast and eastern Ontario.
Hydro One and First Nations have been collaborating on early planning and will advance the development and construction phases of the projects together. First Nations have the opportunity to invest in a 50 per cent equity stake in the transmission line component of the projects once complete through Hydro One’s Equity Partnership model. Hydro One looks forward to continuing to work together as partners to support Ontario’s clean energy future.
“Hydro One is pleased to work with Indigenous communities in the region and the government of Ontario to build these critical infrastructure projects that will help unlock Ontario’s clean energy future,” said David Lebeter, president and CEO, Hydro One. “With our long history of building and operating transmission lines in the province, we are confident that our resilient electricity network will enable unprecedented investments in the clean energy value chain, including clean steelmaking, mining, manufacturing and other sectors creating new jobs and driving Ontario’s competitive advantage.”
The three priority transmission projects the government designated today will support capacity constraints and growing electricity demands in sectors including transportation, mining, steel, and manufacturing. The three designated priority projects are: