Hydro One Seeks Approval for $311 Million Power Line Project

Hydro One Networks Inc. has submitted an application to the Ontario Energy Board (OEB) for a new double-circuit 230-kilovolt transmission line. This line will connect Abitibi Consolidated Junction, located in Thorold, to the Crowland Transformer Station in Welland. The project represents a significant investment of approximately $311 million and aims to enhance the electricity grid’s capacity, reliability, and security in the Niagara Region.

The expansion of the Crowland Transformer Station will accompany the construction of the transmission line, which is expected to be completed by 2029. Hydro One’s initiative is designed to support local businesses and industries, addressing the anticipated demand for electricity in Ontario, particularly in the southwest.

According to Sonny Karunakaran, Vice President of Strategic Projects and Partnerships at Hydro One, “Ontario is facing historic growth demand for electricity in the next 25 years.” He emphasized that electricity is crucial for connecting and powering new homes, businesses, and industries. The timing for investment and partnerships, especially with First Nations, is critical to meet future needs.

The application for leave to construct is a requirement under Section 92 of the Ontario Energy Board Act, 1998. This process ensures that electricity transmitters receive the necessary approval from the OEB to construct or expand the electricity transmission system. Hydro One’s application includes details regarding the project’s timing, route, design, and overall cost.

The project also features Hydro One’s First Nation 50-50 Equity Partnership Model. This initiative allows nearby First Nations to invest in a 50 percent equity stake in the transmission line component, promoting local involvement and investment in the region’s infrastructure.

Hydro One Limited is Ontario’s largest electricity transmission and distribution provider, serving approximately 1.5 million customers. As of December 31, 2024, the company reported total assets of $36.7 billion and generated annual revenues of $8.5 billion. In 2024 alone, Hydro One invested $3.1 billion in its transmission and distribution networks and contributed $2.9 billion to the economy through procurement of goods and services.

The company prioritizes community investment, sustainability, and diversity initiatives, reflecting its commitment to the areas it serves. Hydro One Limited’s common shares are traded on the Toronto Stock Exchange, and certain medium-term notes are listed on the New York Stock Exchange.

For further details about the Welland Thorold Power Line project, interested parties can visit Hydro One’s official website. There, they will find additional information related to the company’s governance practices, corporate social responsibility initiatives, and historical financial reports.

Hydro One remains dedicated to maintaining a safe and reliable electricity system, which is essential for supporting thriving communities across Ontario.