Fortis Inc. Celebrates Construction Completion of the Wataynikaneyap Power Transmission System With Its First Nations Partners [Canadian Business Journal (Canada)]
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Source: Canadian Business Journal
ST. JOHN’S, Newfoundland and Labrador, Dec. 18, 2024 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, joined Wataynikaneyap Power and its 24 First Nations partners in celebrating the construction of the Wataynikaneyap Power transmission system at a gathering in Thunder Bay last week.The transmission system, which includes 1,800 kilometres of transmission lines and 22 substations, will connect 17 remote First Nations in Northwestern Ontario to the provincial power grid. This $1.9 billion megaproject was led by Wataynikaneyap Power, a regulated transmission company majority-owned by 24 First Nations in partnership with Fortis and other private investors.“Last week, we celebrated not only a milestone in this historic grid connection project but also the strong bonds of friendship and trust we built with our First Nations partners,” said David Hutchens, President and
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