US EditionFirst Nations to Co-Own Power Line Expected to Double Capacity in Northwest B.C.
FRASER-FORT GEORGE, BRITISH COLUMBIA, AUG 1 – The agreement provides over $1.4 billion in financial benefits and $450 million in construction opportunities to First Nations, supporting economic reconciliation and job creation, officials said.
- First Nations leaders signed non-binding term sheets with the Province of British Columbia and BC Hydro to co-own the North Coast Transmission Line.
- According to K'uul Power, the non-binding agreement covers more than 150 pages of terms, with projections of over $1.4 billion in benefits and at least $450 million in construction opportunities.
- Plans outline that construction is slated for 2026, and the North Coast Transmission Line would double BC Hydro’s capacity from Prince George to Prince Rupert.
- Chief Maureen Luggi praised the project as `an historic opportunity`, while Metlakatla Chief Robert Nelson called it `a great demonstration of what we can achieve if we work together`.
- Next steps involve continuing talks as Ts'il Kaz Koh Chief and K'uul Power Chair Wes Sam said `This is just the beginning.
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