Who We Are Ownership
Building a Multi-Generational Energy Asset
Wataynikaneyap Power LP is a licensed power transmission company majority-owned by 24 First Nations in equal partnership (51%), in partnership with Fortis Inc. and other private investors (49%).
This ownership structure ensures Participating First Nations lead development on the Homelands and have meaningful participation and involvement to receive maximum benefits: employment, training, business opportunities, and capacity building. The Wataynikaneyap Power transmission system is a multi-generational asset that will enable ownership and equity for First Nations and provide the Anishinaabeg and Anishininiwag People with both power and revenues for generations to come.
The First Nation vision is to own and control 100% of the Wataynikaneyap Power transmission system after 25 years of full operations, which began in May 2024 (2049).
Wataynikaneyap Power GP & LP Ownership Structure
(simplified for illustrative purposes)

Transmission System Owners
First Nation Limited Partnership
First Nation Limited Partnership (FNLP) is a partnership of 24 First Nations in Northwestern Ontario working together to connect 17 remote First Nations previously powered by diesel generation stations. The 51% interest in Wataynikaneyap Power LP is equally owned by each of the 24 First Nations and FNLP will maintain the ability to increase their ownership to 100% over time. Eliezar McKay is the current Chair.
The 24 Participating First Nations are: Bearskin Lake, Cat Lake, Deer Lake, Kasabonika Lake, Keewaywin, Kingfisher Lake, Kitchenuhmaykoosib Inninuwug, Lac des Mille Lacs, Lac Seul, McDowell Lake, Mishkeegogamang, Muskrat Dam, North Caribou Lake, North Spirit Lake, Ojibway Nation of Saugeen, Pikangikum, Poplar Hill, Sachigo Lake, Sandy Lake, Slate Falls, Wabigoon Lake, Wapekeka, Wawakapewin, and Wunnumin Lake.
Fortis Inc.
Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $75 billion as at September 30, 2025. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Caribbean. Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedarplus.ca, or www.sec.gov.

Wataynikaneyap Power Signs Shareholders Agreement with FortisOntario and RES Canada (Fortis-RES) on August 27, 2015. Signatories (L-R): Jerry Vaninetti, Bill Daley, Margaret Kenequanash, Frank Mckay
Wataynikaneyap Power recognizes that the land on which Wataynikaniyap Power has its head office is the Homeland of Animikii Wajiw. Gitchi Gami Anishinabek are signatory to the Robinson-Superior Treaty of 1850. The Wataynikaneyap Power transmission system is located within the Homelands of Treaty 9 and Adhesions; Treaty 3 and Adhesions; and Treaty 5 and Adhesions, through the true spirit and true intent as understood by our Elders.