Connection

popular articles

Emeren sells 42 MWp solar portfolio in Spain to CVE
Veolia strengthens its energy division with the acquisition of MRC Consultants
Cepsa and the EIB invest €285 million in biofuels in Andalusia
Enbridge launches 200MW wind power project in Saskatchewan
United Kingdom: TotalEnergies and SSE join forces for more charging stations

Hydro One invests $257 million in the East-West Tie line in Ontario

Hydro One purchases a 48% stake in the East-West Tie line for $257 million, strengthening energy infrastructure in Northern Ontario and collaborating with First Nations and private partners.

Please share:

Hydro One Limited has announced the acquisition of 48% of the shares in the East-West Tie Limited Partnership for a total of $257 million, subject to adjustments. This transmission line, stretching 450 kilometers between Wawa and Thunder Bay, is a strategic asset for Ontario’s electricity grid and is regulated by the Ontario Energy Board (OEB).

An essential infrastructure for Northern Ontario

The East-West Tie line connects communities and industries in Northwestern Ontario to the provincial grid. With an OEB-approved rate base of $880 million, this acquisition reinforces the electricity transmission capacity in a key region for economic and energy development.

Hydro One joins the existing partnership, which includes the Bamkushwada Limited Partnership representing six First Nations, as well as NextEra Energy Canada, LP, which also holds 48% of the remaining shares.

A partnership model with First Nations

The Bamkushwada Limited Partnership represents Indigenous communities from Fort William, Michipicoten, Biigtigong Nishnaabeg (Ojibways of Pic River), Pays Plat, Netmizaaggamig Nishnaabeg (Pic Mobert), and the Red Rock Indian Band. This partnership model aims to ensure active inclusion of First Nations in regional energy projects.

The prior management by OMERS Infrastructure and Enbridge highlighted the importance of collaboration with these Indigenous communities. The arrival of Hydro One, a dominant player in Ontario’s electricity infrastructure, is expected to continue this partnership approach and contribute to grid reliability.

Financial aspects and regulatory framework

The transaction, which remains conditional on the fulfillment of customary criteria, reflects Hydro One’s strategy of consolidating assets within the province. This project was advised by CIBC Capital Markets as financial advisors for Hydro One and Gowling WLG for legal aspects. On the other side, OMERS and Enbridge were advised by TD Securities and Torys LLP.

With this acquisition, Hydro One reaffirms its key role in Ontario’s energy network while contributing to the economic inclusion of First Nations.

Register free of charge for uninterrupted access.

Publicite

Latest news

France: The VALOREM and Banque des Territoires Partnership: An Ambitious Energy Platform for 2027
PG&E secures a $15 billion loan to modernize California’s energy grid
Toward a Reassessment of Oregon’s Hydropower Dams: A Model to Rethink
Record Capacity for Central-West Orana REZ: 7.7 GW Approved
A U.S. Steel Giant Orders Two PEM Electrolysers from Nel ASA for $7 Million

Recently published in

PG&E secures a $15 billion loan to modernize California’s energy grid

The U.S. Department of Energy grants Pacific Gas and Electric a loan to modernize infrastructure, integrate more renewables, and improve grid reliability.
The Energy Markets Facing the Impact of U.S. Climate Policy
As the United States considers another withdrawal from the Paris Agreement, major economic powers organize to maintain leadership in a rapidly transforming energy sector.
en_11401354540
The Energy Markets Facing the Impact of U.S. Climate Policy
As the United States considers another withdrawal from the Paris Agreement, major economic powers organize to maintain leadership in a rapidly transforming energy sector.
en_11401354540
Bulgaria Redefines Its Energy Strategy: Focus on Security and Diversification
Zhecho Stankov, Bulgaria's new Minister of Energy, emphasizes energy security and supply diversification while aligning with European goals for sustainable transition.
en_11401331540
Bulgaria Redefines Its Energy Strategy: Focus on Security and Diversification
Zhecho Stankov, Bulgaria's new Minister of Energy, emphasizes energy security and supply diversification while aligning with European goals for sustainable transition.
en_11401331540
Indonesia: A Forest Conversion Project Raises Concerns Among NGOs
The Indonesian government’s plan to convert 20 million hectares of forests for food and energy sparks criticism from NGOs, which warn of irreversible environmental consequences.
en_11401338540
Indonesia: A Forest Conversion Project Raises Concerns Among NGOs
The Indonesian government’s plan to convert 20 million hectares of forests for food and energy sparks criticism from NGOs, which warn of irreversible environmental consequences.
en_11401338540

France reaches 95% low-carbon electricity in 2024: A historic milestone

In 2024, French electricity production hit an unprecedented milestone: 95% low-carbon energy, powered by nuclear and renewables. A record marking a strategic turning point in national energy policy.
Explosion of a Tanker Truck in Nigeria: 98 Dead and an Alarming Toll
In Nigeria, a tragic tanker truck explosion claimed 98 lives and injured 69 others. This incident highlights security challenges and the socio-economic consequences of ongoing reforms.
en_11401344540
Explosion of a Tanker Truck in Nigeria: 98 Dead and an Alarming Toll
In Nigeria, a tragic tanker truck explosion claimed 98 lives and injured 69 others. This incident highlights security challenges and the socio-economic consequences of ongoing reforms.
en_11401344540
Trump reignites oil drilling and exits the Paris Agreement: a climate earthquake
Donald Trump announces the United States' withdrawal from the Paris Agreement and declares a national "energy emergency," jeopardizing global efforts to combat climate change.
en_11401342540
Trump reignites oil drilling and exits the Paris Agreement: a climate earthquake
Donald Trump announces the United States' withdrawal from the Paris Agreement and declares a national "energy emergency," jeopardizing global efforts to combat climate change.
en_11401342540
Bosnia Adopts a Law to Reduce Its Gas Dependence
A Bosnian entity adopts a text to build a gas pipeline toward Croatia. This measure aims to diversify supply and reduce reliance on Russian gas, under the notable impetus of American diplomacy.
en_11401308540
Bosnia Adopts a Law to Reduce Its Gas Dependence
A Bosnian entity adopts a text to build a gas pipeline toward Croatia. This measure aims to diversify supply and reduce reliance on Russian gas, under the notable impetus of American diplomacy.
en_11401308540

France: Electricity rates, 15% decrease for millions of subscribers

Regulated electricity rates drop by 15%. Millions of households and small businesses are affected. The Commission de Régulation de l’Énergie confirms this development despite the end of the price shield and the Turpe increase.
Chris Wright: Trump’s Pick for Energy Balances Renewables and Fossil Fuels
During his Senate hearing, Chris Wright, Donald Trump’s Energy nominee, surprised many by acknowledging climate change while advocating for an energy growth strategy blending renewables and fossil fuels.
en_11401284540
Chris Wright: Trump’s Pick for Energy Balances Renewables and Fossil Fuels
During his Senate hearing, Chris Wright, Donald Trump’s Energy nominee, surprised many by acknowledging climate change while advocating for an energy growth strategy blending renewables and fossil fuels.
en_11401284540
France: Ademe manage 3.5 billion euros for ecological transition
Criticized by political figures, Ademe defends its management of 3.5 billion euros allocated to the ecological transition in collaboration with the state and local authorities.
en_11401295540
France: Ademe manage 3.5 billion euros for ecological transition
Criticized by political figures, Ademe defends its management of 3.5 billion euros allocated to the ecological transition in collaboration with the state and local authorities.
en_11401295540
Norway Awards 53 Licenses to Boost Its Continental Shelf Energy Sector
The APA 2024 cycle marks a turning point for Norwegian energy, with 53 licenses distributed among 20 companies. These opportunities aim to maintain competitiveness and innovation in a key European sector.
en_11401277540
Norway Awards 53 Licenses to Boost Its Continental Shelf Energy Sector
The APA 2024 cycle marks a turning point for Norwegian energy, with 53 licenses distributed among 20 companies. These opportunities aim to maintain competitiveness and innovation in a key European sector.
en_11401277540

The United States modernizes 90 miles of network with Great River Energy and Prisma Photonics

Great River Energy collaborates with Prisma Photonics to monitor 90 miles of electrical lines in real-time in the United States, enhancing resilience against climate challenges and network disruptions.
France mandates 50% canopies; Carrefour and 10 federations respond
In France, Carrefour and ten federations challenge a decree mandating the coverage of 50% of outdoor parking lots with photovoltaic canopies, citing unrealistic deadlines and significant economic impacts.
en_11401258540
France mandates 50% canopies; Carrefour and 10 federations respond
In France, Carrefour and ten federations challenge a decree mandating the coverage of 50% of outdoor parking lots with photovoltaic canopies, citing unrealistic deadlines and significant economic impacts.
en_11401258540
The 3-Billion-Euro France-Spain Electric Line Blocked by Activists
In the Landes region, activists are trying to halt the construction of a high-voltage power line connecting France and Spain, a project valued at 3 billion euros.
en_11401241540
The 3-Billion-Euro France-Spain Electric Line Blocked by Activists
In the Landes region, activists are trying to halt the construction of a high-voltage power line connecting France and Spain, a project valued at 3 billion euros.
en_11401241540
The Netherlands plans 70 GW of offshore wind energy with the IEA
The International Energy Agency highlights the Netherlands' ambitions to increase offshore wind capacity while addressing challenges to secure their energy transition.
en_11401225540
The Netherlands plans 70 GW of offshore wind energy with the IEA
The International Energy Agency highlights the Netherlands' ambitions to increase offshore wind capacity while addressing challenges to secure their energy transition.
en_11401225540

The United States Strengthens Offshore Penalties with Fines Reaching $59,114

The Bureau of Ocean Energy Management increases environmental penalties for offshore operations, aiming to ensure compliance from industry players.
Kazakhstan: 6.6 million USD imposed on an oil consortium for pollution
A Kazakh court has ordered NCOC, an international oil consortium, to pay 6.6 million USD for excessive gas flaring at the Kachagan oil field, highlighting regional environmental challenges.
en_11401201540
Kazakhstan: 6.6 million USD imposed on an oil consortium for pollution
A Kazakh court has ordered NCOC, an international oil consortium, to pay 6.6 million USD for excessive gas flaring at the Kachagan oil field, highlighting regional environmental challenges.
en_11401201540
A global warming record with 1.55°C in 2024, the UN calls for urgent measures
In 2024, the global average temperature exceeded 1.55°C above pre-industrial levels, a historical record. Natural disasters are intensifying, and the UN urges immediate action to counter their growing impacts.
en_11401215540
A global warming record with 1.55°C in 2024, the UN calls for urgent measures
In 2024, the global average temperature exceeded 1.55°C above pre-industrial levels, a historical record. Natural disasters are intensifying, and the UN urges immediate action to counter their growing impacts.
en_11401215540
Mauritania secures 27 million dollars to develop its energy sector
The Mauritanian government and the Millennium Challenge Corporation signed a 27 million USD grant agreement to modernize the country's electricity infrastructure and strengthen climate resilience.
en_11401192540
Mauritania secures 27 million dollars to develop its energy sector
The Mauritanian government and the Millennium Challenge Corporation signed a 27 million USD grant agreement to modernize the country's electricity infrastructure and strengthen climate resilience.
en_11401192540

France: Agnès Pannier-Runacher retains climate and decarbonization responsibilities

The French Minister of Ecological Transition, Agnès Pannier-Runacher, sees her responsibilities adjusted but remains in charge of combating climate change and leading decarbonization efforts despite losing direct control over energy.
Canada: Trudeau and the Controversial Climate Legacy
When Justin Trudeau came to power in 2015, he symbolized the hope of a Canada that would lead the world in climate action. Nearly a decade later, he is leaving the political stage, leaving behind a controversial record. Carbon taxes, energy transition, and provincial tensions marked his tenure. With conservatives leading in the polls, the country is on the brink of a potential shift in its climate policy.
en_11401185540
Canada: Trudeau and the Controversial Climate Legacy
When Justin Trudeau came to power in 2015, he symbolized the hope of a Canada that would lead the world in climate action. Nearly a decade later, he is leaving the political stage, leaving behind a controversial record. Carbon taxes, energy transition, and provincial tensions marked his tenure. With conservatives leading in the polls, the country is on the brink of a potential shift in its climate policy.
en_11401185540
Germany slows its energy transition with a limited 3% emissions reduction
Germany’s energy transition slowed in 2024, with a mere 3% reduction in greenhouse gas emissions. Political and economic uncertainty hampers investments in key sectors, particularly industry and transport.
en_11401149540
Germany slows its energy transition with a limited 3% emissions reduction
Germany’s energy transition slowed in 2024, with a mere 3% reduction in greenhouse gas emissions. Political and economic uncertainty hampers investments in key sectors, particularly industry and transport.
en_11401149540
Moldova Accuses Gazprom of Provoking an Energy Crisis in Transnistria
Moldova and Gazprom are at odds over a debt estimated between $9 million and $700 million, exacerbating Transnistria's energy crisis. The separatist region faces the risk of total power outages in the midst of winter.
en_11401157540
Moldova Accuses Gazprom of Provoking an Energy Crisis in Transnistria
Moldova and Gazprom are at odds over a debt estimated between $9 million and $700 million, exacerbating Transnistria's energy crisis. The separatist region faces the risk of total power outages in the midst of winter.
en_11401157540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS