Ledger record YTD26-028
May 29, 2026 · effective May 29, 2026
Six First Nations increased their collective ownership in the East-West Tie transmission line from 3.5 per cent to 20 per cent.
The transaction used an Ontario guarantee of up to $75 million and private financing to enlarge ownership in an operating, regulated transmission asset.
Disclosed
$75 million
maximum Ontario loan guarantee
Where it stands
Ownership increase and financing announced as complete.
What would move it next
First distributions under the enlarged ownership and disclosure of debt-service coverage.
The other view
Regulated operating assets can support predictable cash flows, but equity value still depends on acquisition price, debt service, governance, and allowed-return regulation.
Unresolved
- What acquisition valuation and financing terms apply?
- How will the six Nations govern reserves and distributions?
Primary sources
No independent verification is recorded for this entry. That is part of why it carries the confidence rating it does.