In the fall of 2019, Mikisew Group acquired a 5.811% interest in Alberta PowerLine (APL). This investment was part of an opportunity for Indigenous communities along the Fort McMurray West 500-kV Transmission Project Line to collectively acquire up to 40% of the asset. In total, seven Indigenous communities participated in the opportunity.
This deal marks a major diversification of Mikisew Group’s traditional investments. It allows us to be part of a low-risk project on traditional territory that will provide a steady stream of cash flow for the next 35 years.