NextEra Energy Canada, Enbridge and Borealis Infrastructure have filed for regulatory approval to allow Enbridge and Borealis to acquire interests in NextEra Energy Canada's subsidiary, Upper Canada Transmission Inc.
The deal is part of a plan to build a new transmission line that would allow for the integration of more renewable energy in the region.
Upper Canada Transmission Inc. intends to bid for the opportunity to develop a new transmission line in northern Ontario between Wawa and Thunder Bay as a joint venture through a limited partnership among affiliates of NextEra Energy Canada, Enbridge and Borealis. The joint venture plans to operate under the name NextBridge Infrastructure.
The proposed Ontario East-West Transmission Tie is expected to increase reliability, allow for the retirement or conversion of northern coal facilities and increase the ability to develop renewable energy generation in the region. If selected, the consortium expects to develop, construct, own and operate the new line under the regulatory oversight of the Ontario Energy Board.
