By Marieke Glorieux-Stryckman Hydro-Québec is proposing to sell a share of a segment on a new power transmission line to New York to the Mohawk community of Kahnawake. The First Nations community south of Montreal could become a shareholder of a 58-kilometre segment of the transmission line in Quebec under the proposed deal. Hydro-Québec estimates this segment of the line, which is in large part underground with a smaller section underwater when it reaches the Richelieu River, cost around $800 million to build. However, the utility said in filings to the province’s energy regulator that the asset the council of Kahnawake would invest in is worth $310 million. The council of the First Nation plans to buy an ownership stake worth about half of this value, said Eric Doucet, a…
Register
