Hydro-Quebec and Kahnawake Mohawks partner to export electricity to New York State
Hydro-Quebec and the Mohawk Council of Kahnawake signed an agreement today to jointly own a transmission line that will export electricity to New York City.
The Mohawk community southwest of Montreal will hold a minority stake of at least 10 per cent in the Hertel-New York interconnection line, allowing them to earn dividend income.
Hydro-Quebec president and CEO Michael Sabia says the community can expect an annual return of about eight per cent on its investment.
The 10 per cent participation is a minimum, and Grand Chief Kahsennenhawe Sky-Deer says the Mohawk council could opt for a stake of up to 49 per cent of the project.
The precise dollar figure of the Kahnawake investment was not disclosed, but based on the total equity investment required for the project, it could range from about $10 million to $50 million, depending on what share of the project Kahnawake decides to take.
Once commissioned in 2026, the 58-kilometre, 400-kilovolt underground transmission line will run from the Hertel substation in La Prairie, Que., to the border with New York state, carrying enough electricity to power one million homes.
Sky-Deer noted that ironworkers from her community helped build Manhattan skyscrapers. "And now Kahnawake will contribute to the city in a different way, by transporting renewable energy to light up the very skyline Mohawks helped build," she said in a statement. "This agreement is especially remarkable because it will be the first time that Hydro-Quebec shares ownership of its transmission infrastructure with a third party and a First Nation community."
This report by The Canadian Press was first published on April 18, 2024.
CTVNews.ca Top Stories
Trump returns to his campaign facing a warning of jail time if he violates a trial gag order
Donald Trump on Wednesday will use a one-day break from his hush money trial to rally voters in the battleground states of Wisconsin and Michigan, a day after he was held in contempt of court and threatened with jail time for violating a gag order.
Ontario woman surprised after 20-year-old fines suddenly tank credit score
An Ontario woman says that she was shocked when fines from 20 years ago suddenly tanked her credit score last week, but the situation may not be as unusual as it seems, according to at least one debt expert.
Anger can harm your blood vessel function, study shows
Stress and anger can have a negative impact on cardiovascular health, studies have shown. New research points to just how the mechanism may work.
Freeland leaves capital gains tax change out of coming budget implementation bill, here's why
Deputy Prime Minister and Finance Minister Chrystia Freeland will be tabling yet another omnibus bill to pass a sweeping range of measures promised in her April 16 federal budget, though left out of the legislation will be the government's proposed capital gains tax change.
Newfoundland fisherman says police broke his leg during protest that delayed budget
Richard Martin is spending this year's fishing season on land after he says a Royal Newfoundland Constabulary officer broke his left leg in three places during a protest last month that shut down the provincial legislature.
A 98-year-old in Ukraine walked miles to safety from Russians, with slippers and a cane
A 98-year-old woman in Ukraine who escaped Russian-occupied territory by walking almost 10 kilometres (six miles) alone, wearing a pair of slippers and supported by a cane has been reunited with her family days after they were separated while fleeing to safety.
It's opening day for the $34B Trans Mountain oil pipeline expansion
Wednesday marks the official start date of the long-awaited $34-billion Trans Mountain oil pipeline expansion project.
Will an 'out of sight, out of mind' cellphone policy make a difference in Ontario schools?
Ontario’s cellphone ban in schools has been met with mixed reaction, with some teachers concerned about constant policing of kids and experts applauding the change as necessary for student learning.
A Utah couple accidentally shipped their cat with an Amazon return. A week -- and 3 'miracles' -- later, they were on a plane to meet a stranger
The Amazon returns employee wasn't at work the day one of her colleagues at a California warehouse found a small, furry stowaway in a box mailed six days earlier from Utah. But Brandy Hunter got the call anyway.