WTI filed BTY Independent Engineer Status Reports #1–3 for the NS-NB Reliability Intertie Project, confirming the project remains on schedule and within budget through Q1 2026.

M12870 · Wasoqonatl Transmission Incorporated (WTI) – Q1 2026 Independent Engineer Reporting: NS-NB Reliability Intertie Tie Project

AI summary

Wasoqonatl Transmission Incorporated (WTI) filed three monthly Independent Engineer Status Reports (periods ending January 31, February 28, and March 31, 2026) prepared by Bty Consultancy Group Inc for the Ns Nb Reliability Intertie Project, pursuant to a Board direction in Matter M12217 requiring prompt filing of lender-required IE reports.
Across all three reports, BTY confirmed the total project budget remains unchanged at $684,684,600 (including AFUDC and grants) and the Commercial In-Service Date of October 10, 2028 is on schedule; no draw requests were submitted against the CIBC credit facility, with costs funded from alternative sources.
Physical construction progress through Q1 2026 was limited to near-completion of right-of-way (ROW) clearing from the Onslow Substation to the NS-NB border and completion of ROW clearing for the Onslow Substation expansion; no construction had commenced at the Salisbury or Memramcook substations, and no major equipment had been delivered.
WTI requested Confidentiality treatment under Rule 12 of the Board Regulatory Rules for redacted portions of all three reports, citing commercially sensitive scheduling and supplier information, non-public third-party contractual terms, and the geographical location of critical transmission assets as grounds for protection.
Several key construction contracts — including the ROW Clearing Agreement, Transmission Line Construction Contracts, Substation Construction Contracts, Tower Supply Contract, Conductor Supply Contract, and OPGW Contract — remained unexecuted as of the March 31, 2026 reporting period, though BTY expressed no concerns about milestone achievability.

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What was filed

Documents filed on this day

W-1 Report - Redacted exhibits
W-1(C) Report - Confidential exhibits