ExpansionMay 20, 2026, 06:07 AM
Hydro One Seeks OEB Approval for $3B Northeast & Longwood Power Lines
AI Summary
Hydro One Networks Inc. has filed two leave-to-construct applications with the Ontario Energy Board (OEB) for two major transmission line projects: the Northeast Power Line and the Longwood to Lakeshore Transmission Line. These projects represent a combined investment of approximately $3 billion, aiming to reinforce Ontario's electricity transmission system and support local economic growth. The company also highlighted its First Nation Equity Partnership Model, offering proximate First Nations a 50% equity stake in the transmission line components of each project.
Key Highlights
- Hydro One filed two leave-to-construct applications with the OEB for new transmission lines.
- Northeast Power Line: $1.8 billion, 500-kV, 900 MW capacity, expected completion 2029.
- Longwood to Lakeshore Transmission Line: $1.2 billion, 500-kV, 550 MW capacity, expected completion 2030.
- Total investment for both projects is approximately $3 billion.
- Proximate First Nations offered 50% equity stake in transmission line components.
- Projects aim to support local industry, agri-business, and manufacturing in Ontario.
Price Impact
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