Deals Counterparts

SaskPower to connect northern and southern grids

Development Transmission announced Saskatoon, Canada Feb 25, 2026
USD700M
Deal Value
150 MW
Capacity
development
Stage
Strengthening Saskatchewan’s Grid: Transmission to Power Communities and Growth
Project

SaskPower is connecting its northern and southern grids, which will involve wheeling power through Manitoba.

Deal Analysis

SaskPower's announced plan to connect its northern and southern grids, with power wheeling through Manitoba, represents a significant development in Saskatchewan's energy infrastructure. While the financial details remain undisclosed, the project underscores SaskPower's commitment to integrating its power networks, potentially improving grid stability and enabling more efficient resource allocation across the province. The involvement of Manitoba as a partner highlights the interprovincial collaboration necessary for large-scale transmission projects in Canada. This deal is notable due to the strategic importance of grid connectivity in enhancing energy security and facilitating the integration of renewable energy sources. The project's impact will depend on the final design and capacity of the transmission infrastructure, but it signals a long-term investment in Saskatchewan's power grid. The announcement date of 2026-02-25 suggests a multi-year timeline for development and implementation, reflecting the complexity and regulatory requirements associated with cross-provincial transmission projects.
  • SaskPower is connecting its northern and southern grids.
  • The project involves power wheeling through Manitoba.
  • The deal signifies a long-term investment in Saskatchewan's power grid.
  • The project requires interprovincial collaboration.
Market Context: The deal is in the transmission sector within the Canadian energy market, which is characterized by significant infrastructure investments and interprovincial collaboration to ensure reliable and sustainable power supply.

Source Intelligence

KEY DETAILS

The project involves expanding Saskatchewan’s transmission system to the north, east, south and west, as well as internally. The project to expand the interconnection to the Southwest Power Pool (US) will be about a $700 million project in total to move that connection to 650 megawatts. The projects on the east and west side will probably be around a billion dollars each. The intertie expansion to Alberta will be moving from the existing 150 megawatt capacity a the McNeill conversion station to 500 megawatts.

Deal Size
will be about a $700 million project in total to move that connection to 650 megawatts.
Capacity
We have 150 megawatt connection right now
Location
Strengthening Saskatchewan’s Grid
Announcement
And it was transmission, in particular, that was the focus of a Feb. 23 announcement by Minister of Crown Investments Corp and Minister responsible for SaskPower Jeremy Harrison.
PARTIES MENTIONED IN SOURCE
S
SaskPower developer

"Minister Responsible for SaskPower Jeremy Harrison."

A
Alberta Electric System Operator (AESO)

"That’s the Alberta Electric System Operator (AESO) to the west"

S
Southwest Power Pool

"Southwest Power Pool to the south"

M
Manitoba Hydro

"and Manitoba Hydro to the east."

G
Government of Canada

"very, very good discussions with the Government of Canada that we have been undertaking."

high quality Enriched Feb 26, 2026

Timeline

Announced
Feb 25, 2026
Signed
Closed

Market Context

This deal is part of the Transmission sector in Canada.
149
Transmission deals
81
deals in Canada
1 of 148 Transmission deals tracked this month · Updated daily

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