FortisOntario will hold a minimum 51% interest, with LHATC having the rights to acquire up to a 49% equity interest, in the joint venture.
The Ontario Energy Board has issued a framework for Transmission Project Development Plans, which encourages competition for new transmission investment in Ontario through a formal competitive designation process for projects identified by the Ontario Power Authority.
The framework was issued in response to the significant investment required in Ontario’s transmission system to build additional capacity to accommodate new renewable energy supply and upgrade the aging transmission infrastructure to ensure a safe, reliable and efficient system over the long term.
