financetom
Business
financetom
/
Business
/
Ontario Approves Hydro One Plan for New 500-kV Transmission Line to GTA
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ontario Approves Hydro One Plan for New 500-kV Transmission Line to GTA
Nov 24, 2025 5:46 AM

08:28 AM EST, 11/24/2025 (MT Newswires) -- Hydro One ( HRNNF ) transmission licence will be amended to allow a new transmission line to be constructed between Bowmanville and the Greater Toronto Area (GTA).

The announcement said the proposed project is a double-circuit 500-kilovolt (kV) transmission line from the Bowmanville switching station to a transformer station either at Parkway, Claireville or Cherrywood. The line is expected to be in service in the early-2030s.

The province has also issued priority designation to this line and two other projects: a reconductoring of a portion of Hydro One's ( HRNNF ) existing transmission line from the Orangeville transformer station to the Essa station, expected to be in service in 2027, and a new double-circuit 230-kV transmission line from the Lauzon to Lakeshore transformer stations, expected to be in service by 2032.

Hydro One ( HRNNF ) will build the line in partnership with proximate First Nations who can invest in a 50% equity stake in the transmission line component of the project.

Once complete, the proposed line is expected to deliver reliable, clean electricity from the first of four small modular reactors (SMRs), enough to power the equivalent of 300,000 homes.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Uber forecasts strong holiday-quarter bookings on membership boost
Uber forecasts strong holiday-quarter bookings on membership boost
Nov 4, 2025
(Reuters) -Uber Technologies ( UBER ) on Tuesday forecast fourth-quarter gross bookings above expectations as its membership program drives up demand for both rides and deliveries heading into the holiday season.  The ride-hailing leader also beat Wall Street estimates for revenue in the third quarter as students returned to school and stricter return-to-office mandates boosted commutes within cities.  CEO Dara...
PJT Partners Q3 revenue up 37%, beats estimates
PJT Partners Q3 revenue up 37%, beats estimates
Nov 4, 2025
Overview * PJT Partners ( PJT ) Q3 revenue grows 37% yr/yr, beating analyst expectations * Adjusted EPS for Q3 beats consensus, reflecting strong financial performance * Company repurchased 2.3 mln shares, indicating confidence in future growth Result Drivers * STRATEGIC ADVISORY - Increase in strategic advisory revenues drove higher Q3 revenue * FUND PLACEMENT - Increase in fund placement...
Pfizer Q3 Adjusted Earnings, Revenue Fall; Annual Adjusted EPS Outlook Upgraded
Pfizer Q3 Adjusted Earnings, Revenue Fall; Annual Adjusted EPS Outlook Upgraded
Nov 4, 2025
06:58 AM EST, 11/04/2025 (MT Newswires) -- Pfizer ( PFE ) reported Q3 adjusted earnings Tuesday of $0.87 per diluted share, down from $1.06 a year earlier. Analysts polled by FactSet expected $0.63. Revenue for the quarter was $16.65 billion, compared with $17.70 billion a year earlier. Analysts surveyed by FactSet expected $16.5 billion. The company said it now expects...
Molson Coors Beverage Q3 Non-GAAP Earnings, Net Sales Decline
Molson Coors Beverage Q3 Non-GAAP Earnings, Net Sales Decline
Nov 4, 2025
06:58 AM EST, 11/04/2025 (MT Newswires) -- Molson Coors Beverage ( TAP/A ) reported Q3 non-GAAP earnings Tuesday of $1.67 per diluted share, up/down from $1.80 a year earlier. Analysts polled by FactSet expected $1.69. Net sales for the quarter ended Sept. 30 were $2.97 billion, down from $3.04 billion a year earlier. Analysts surveyed by FactSet expected $3.01 billion....
Copyright 2023-2026 - www.financetom.com All Rights Reserved