In the midst of the war of words over NB Power's future, the parent company of Irving Oil is calling for a regional transmission system. Fort Reliance is looking to set up a shared transmission system that would provide many benefits including lowering energy costs. To make this a reality, the company has formed a new venture called Portage Energy Limited. Over the past 18 months, Fort Reliance has been working on a feasibility study for the Northeast Energy Corridor initiative and how this new set-up will best meet economic and environmental goals.
The company believes that a shared approach to the region's infrastructure can unlock many of the challenges it faces. Portage Energy hopes to develop between one and two million dollars worth or new transmission infrastructure with public and private partners.
