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Ontario approves Hydro One to build Red Lake Transmission Line, boosting northwest power capacity.

Market News
23 Apr 2026
PRNewsWire
View Source
Bullish
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Ontario's Energy Board has designated Hydro One to develop the Red Lake Transmission Line, a new 230-kilovolt double-circuit transmission line from Dryden to Red Lake, expected to be operational by the early 2030s. This project will nearly quadruple electricity capacity in northwest Ontario by adding about 400 megawatts, enhancing regional reliability and supporting growth in northern remote communities. The project includes a partnership model allowing nearby First Nations to invest in a 50% equity stake, promoting economic reconciliation and collaboration. The initiative is expected to create over 5,800 jobs and unlock $830 million in economic potential while respecting environmental and cultural values.

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