Thank you for that great question.
We're working with provinces, territories and indigenous partners more closely than ever to better connect our grids from east to west and to provide more affordable and reliable power for Canadians. This builds on the significant existing federal commitments in investment tax credits, strategic financing and targeted programs.
Of note is NRCan's total commitment of $4.5 billion from the 2021-22 fiscal year to the 2035-36 fiscal year to support the deployment of grid modernization, energy storage, renewable energy and transmission projects across Canada, as well as predevelopment and capacity-building projects, helping communities and organizations develop renewable energy and grid modernization projects.
We're just getting started. We will be announcing a new electricity strategy in the coming weeks, and I'll have more to say about this then.