Listen Live
Listen Live

Piikani Nation partners with AltaLink to invest in transmission infrastructure

The Piikani Nation is establishing an ongoing revenue source for its members by investing in transmission infrastructure on its land.
An application from AltaLink and the Piikani Nation to acquire transmission assets on reserve land was approved last November and commercial arrangements were completed as of June 1st.
The Piikani Nation invested 51% of the equity portion of the transmission line and associated substation equipment and in return the band will earn a regulated rate of return.
Piikani Chief Stanley Grier says “it’s great to see that this Piikani Nation option agreement has finally come to fruition” adding “in order for AltaLink to build the transmission line, they had to consult the Piikani Nation people, and more importantly our traditional knowledge keepers who were entrusted to verify important sacred traditional and burial sites related to Piikani Nation Lands.”
President and CEO of AltaLink, Scott Thon, says the partnership is “a win-win for the people of the Piikani First Nation and for all Albertans because we were able to save millions of dollars for Alberta electricity ratepayers by building a lower cost project.” He says “at the same time, the Piikani Nation is provided with the opportunity to invest in the transmission line on their land and create a consistent ongoing revenue source for their people for years to come.”
AltaLink will continue to operate and maintain the lines.
Tina Karst
Tina Karst
A Lethbridge College alumnus, Tina moved back to the community two years after convocation, in September 2007, to become a member of the CJOC News Team. She started as a weekend reporter/anchor and now serves as Associate News Director. When Tina's not tracking down local news, she's either busy at home with Jordan and their two kids or creating custom macrame pieces for a growing list of clients.
- Advertisement -

cjoc Now playing play

ckbd Now playing play

Related Articles

- Advertisement -

Latest News

Single lane road closures to commence Wednesday

Single lane road closures will commence Wednesday and Thursday this week on the Scenic Drive bridge over Whoop-Up Drive, as maintenance work begins. 

Environmental Blitz Day returns, as the City promotes clean and green

There are simple ways to help keep Lethbridge clean and green. 

Lethbridge rent remains among lowest: monthly rent report

Rent in Lethbridge remains among the lowest of the 60 municipalities included in a report looking at rents in June.

Public looking to locate missing 12-year-old

The public is being asked for their help locating a missing 12-year-old. 

Waterton Park singer/songwriter’s ‘Fault Lines,’ includes homage to Alberta living

Kyle Owen’s brand-new solo album Fault Lines “explores emotional vulnerability through a rich blend of raw textures, recorded on old instruments that lend the project a weathered, intimate warmth.” 
- Advertisement -