Changes approved by the Ontario Energy Board could make upgrades to power lines across the province cheaper for industries setting up shop in far-flung parts of the province.
The OEB recently overhauled the rules on who pays for the upgrades to power lines. Previously, if industry required a line to be upgraded, it would bear the full cost of the upgrade. Now, a company only has to pay a portion of the upgrade.
Iain Angus, the co-chair of the energy task force with Common Voice Northwest, said one example is an upgrade needed on the power line to Greenstone.
If a new gold mine required an additional $25 million in upgrades to the line while the line itself needed $100 million in upgrades or work, under the old system, the company would be on the hook for the total $125 million cost.
Now, the company would only be responsible for its portion of the upgrade, or would have to pay $25 million into the project. “It’s how the system was built in the first place,” Angus said.
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