On May 14, 2026, the federal government released Powering Canada Strong: A National Strategy for an Electrified Canadian Economy (the “Strategy”). The Strategy signals that the federal government views electricity as playing an important role in nation-building, with provinces, territories, and Ottawa all having a role to play in advancing a national strategy that places electrification at the centre of efforts to address affordability, economic growth, and climate change. For any participant active in Canadian electricity infrastructure, the Strategy has immediate practical significance: it reshapes the federal financing toolkit and introduces new cost-allocation and regulatory coordination mechanisms, potentially affecting project economics, capital structures, and the bankability of transactions across the generation, transmission, and distribution value chain.
