This brand-new transmission line will support homegrown companies and markets in the Niagara Area
TORONTO, Nov. 17, 2025/ PRNewswire/ – Today, Hydro One Networks Inc. (Hydro One) revealed it has actually submitted an application with the Ontario Energy Board (OEB) to build a brand-new double-circuit 230-kilovolt transmission line in between Abitibi Consolidated Junction, within an existing Hydro One transmission passage in Thorold and Crowland Transformer Station (TS) in Welland In addition to the line work, Hydro One will likewise broaden Crowland TS. The roughly $ 311 million financial investment in the area is anticipated to be total by 2029 to strengthen capability and enhance the dependability and security of the electrical energy grid.
Through Hydro One’s market leading First Country 50-50 Equity Collaboration Design, proximate First Nations have the chance to purchase a 50 percent equity stake in the transmission line element of the task.
“ Ontario is dealing with historical development need for electrical energy in the next 25 years, particularly in the southwest,” stated Sonny Karunakaran, Vice President, Strategic Projects and Collaborations. “Electrical energy is the structure that will assist link and power brand-new homes, companies and markets. Hydro One’s success is connected to Ontario’s success and the time to invest and partner with Very first Nations is now, so we have a system that fulfills the requirements of the future.”
Submitting a leave to build application under Area 92 of the Ontario Energy Board Act, 1998 is a requirement for Ontario electrical energy transmitters to acquire approval from the OEB to build, broaden or enhance the electrical energy transmission system or affiliations. The application sent by Hydro One offers the information of the task consisting of timing, path, style and expense.
For more details about the task, please go to the Welland Thorold Transmission Line website.
Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly-owned subsidiaries, is Ontario’s biggest electrical energy transmission and circulation company with 1.5 million valued clients, $ 36.7 billion in possessions as at December 31, 2024, and yearly incomes in 2024 of $ 8.5 billion.
Our group of 10,100 experienced and devoted workers happily develop and keep a safe and reputable electrical energy system which is vital to supporting strong and effective neighborhoods. In 2024, Hydro One invested $ 3.1 billion in its transmission and circulation networks, and supported the economy through purchasing $ 2.9 billion of products and services.
We are dedicated to the neighborhoods where we live and overcome neighborhood financial investment, sustainability and variety efforts.
Hydro One Limited’s typical shares are noted on the TSX and specific of Hydro One Inc.’s medium term notes are noted on the NYSE. Extra details can be accessed at www.hydroone.com, www.sedarplus.com or www.sec.gov
For Additional Information
For more details about whatever Hydro One, please see www.hydroone.com where you can discover extra details consisting of links to securities filings, historic monetary reports, and details about the Business’s governance practices, business social duty, client options, and more details about its organization.
Positive declarations and details:
This news release might include “positive details” within the significance of suitable Canadian securities laws and “positive declarations” within the significance of suitable U.S. securities laws (jointly, “positive details”). Declarations consisting of positive details are made pursuant to the “safe harbour” arrangements of suitable Canadian and U.S. securities laws. Words such as “anticipate”, “expect”, “plan”, “effort”, “might”, “strategy”, “will”, “can”, “think”, “look for”, “quote”, and variations of such words and comparable expressions are meant to determine such positive details. These declarations are not assurances of future efficiency or actions and include presumptions and threats and unpredictabilities that are challenging to anticipate. For that reason, real results and outcomes might vary materially from what is revealed, suggested or anticipated in such positive details. A few of the aspects that might trigger real outcomes or results to vary materially from the outcomes revealed, suggested or anticipated by such positive details, consisting of a few of the presumptions utilized in making such declarations, are gone over more completely in Hydro One’s filings with the securities regulative authorities in Canada, which are readily available on SEDAR+ at www.sedarplus.com Hydro One does not plan, and it disclaims any commitment, to upgrade any positive details, other than as needed by law.
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SOURCE Hydro One Inc.