Hydro One to offer First Nations chance to invest in transmission projects
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 22/09/2022 (1122 days ago), so information in it may no longer be current.
TORONTO – Hydro One is offering First Nations a chance to invest in a 50 per cent equity stake in new capital transmission line projects worth more than $100 million.
The power utility announced the new plan following the signing of an agreement in the spring with eight First Nations represented by Gwayakocchigewin Limited Partnership for the Waasigan Transmission Line project.
It says, in total, nine First Nations will have the opportunity to invest in 50 per cent of the Waasigan project in northwestern Ontario.

Hydro One says the new investment model will also apply to the five transmission lines it is developing in southwest Ontario.
The company also committed to increasing its Indigenous procurement spend to five per cent of all materials and services by 2026 and ensuring that 20 per cent of its corporate donations and sponsorships support Indigenous communities.
Hydro One is Ontario’s largest electricity transmission and distribution provider.
This report by The Canadian Press was first published Sept. 22, 2022.
Companies in this story: (TSX:H)