Overview
- The Third Line would run roughly 65 kilometres under Lake Ontario from the Darlington Nuclear Generating Station to a terminal station in Toronto’s Port Lands.
- Ontario pegs the project at about $1.5 billion based on a high-level estimate, with a possible range from $750 million to $3 billion.
- The government says it will launch the first IESO-led competitive transmission procurement this year to select a transmitter and drive cost discipline.
- Officials cite sharply rising Toronto demand and limited capacity on existing corridors in the 2030s, arguing the subsea route provides greater capacity and resilience to extreme weather than overland options.
- The 900‑megawatt link is expected to reduce Toronto’s local reliance on the Portlands gas plant, though the IESO notes the facility may still be required for provincial peak reliability, and city leaders and Toronto Hydro have endorsed the plan.