Hydro One Inc is seeking approval for a $1.3 billion North Shore Link transmission project connecting northern Ontario facilities. Approval would allow construction of a line expected to enter service in 2029, with the project intended to strengthen the northern electricity system and support economic growth.
Key Highlights
- Mississagi Transformer Station would be upgraded, while Algoma Transformer Station and Third Line Transformer Station would also receive work.
- First Nation partners would have an opportunity to invest in the transmission line component through Hydro One’s Equity Partnership model.
- The North Shore Link is a proposed transmission project connecting Mississagi Transformer Station near Wharncliffe with Third Line Transformer Station in Sault Ste. Marie.
Hydro One is seeking Ontario approval to build the $1.3 billion North Shore Link, a transmission project connecting Mississagi Transformer Station near Wharncliffe with Third Line Transformer Station in Sault Ste. Marie.
$1.3 Billion Line Links Northern Ontario
Hydro One Networks Inc and Hydro One Sault Ste. Marie LP submitted a joint leave-to-construct application to the Ontario Energy Board. Hydro One would build the proposed line, while Hydro One Sault Ste. Marie LP would manage upgrades at Third Line Transformer Station. The plan also calls for work at Mississagi Transformer Station and an expansion of nearby Algoma Transformer Station. The North Shore Link is expected to enter service in 2029.
First Nation Equity Participation Included
Hydro One and participating First Nations would continue working together on planning, development and construction of the line.
FAQs
Q: What is the Hydro One North Shore Link project?
A: The North Shore Link is a proposed transmission project connecting Mississagi Transformer Station near Wharncliffe with Third Line Transformer Station in Sault Ste. Marie. Hydro One will construct it once the project receives approval.
Q: When is the Hydro One North Shore Link expected to enter service?
A: The North Shore Link is expected to be in service in 2029. The project’s construction requires approval from the Ontario Energy Board.
Q: Which entities filed the application for the North Shore Link?
A: Hydro One Networks Inc. and Hydro One Sault Ste. Marie LP filed a joint leave-to-construct application with the Ontario Energy Board. The application seeks approval to construct the North Shore Link.
Download Free Report – Explore 3 Stock Ideas & Industry Insights
Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.
All investments involve risk—consider independent advice before making any investment decisions.
View 3 Research Reports
Disclaimer:
Kalkine Equities LLC, with Delaware File Number 4697384, Foreign Qualification Registration in California File Number 202109211078, and Texas File Number 805521396, is authorized to provide general advice only. The information on https://kalkine.com/ does not take into account any of your investment objectives, financial situation or needs. You should consider the appropriateness of advice taking into account your own objectives, financial situation and needs and seek independent financial advice before making any financial decisions. The link to our Terms and Conditions and Privacy Policy has been provided for your reference. On the date of publishing the reports (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.