In a milestone for Indigenous economic participation, Caldwell First Nation has announced a partnership centered on a pioneering investment.
The First Nation will invest in the new Chatham-to-Lakeshore Transmission Line through an equity agreement with Hydro One.
The investment comes from the band's business development arm, Northwind Business Development LP (NBD), as part of a 50-50 First Nation Equity Partnership with the utility, and other affected Anishnaabe First Nations whose traditional territories lie along the new line.
"Today marks a transformational moment for Caldwell First Nation and our partners," said Chief Nikki Van Oirschot. "By securing equity in the Chatham to Lakeshore Transmission Line, we are asserting our rightful place in the energy future of this province. This partnership is a testament to what is possible when First Nations are meaningfully included in the economic life of their territories. It's not just about power, it's about empowerment."
Hydro One Vice-President of Indigenous Partnerships and Business Development Matthew Jackson said the new partnership model opens the door to unprecedented Indigenous investment.
"Electricity is the foundation that will enable the economy and power the opportunities we see in every corner of the province," said Jackson. "We will continue to work alongside First Nation governments and communities through our industry-leading 50-50 First Nation Equity Partnership Model to build an electricity network that advances reconciliation and supports a more prosperous Ontario."
The transmission line was completed in January, a year ahead of schedule and roughly $30-million below budget. It provides 400 megawatts of hydro to the network, about the amount needed to power the entire city of Windsor.
