Hydro One to offer First Nations chance to invest in transmission projects

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.

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.