Oct 20, 2009
"This project will improve reliability both to the towns and the ski resorts and to all our residential and commercial customers in the area, and support the region's ability to grow without service or supply issues," said
The first phase of the project was completed a year ago, when a single circuit 115kV from Barrie to Stayner was replaced by a higher capacity transmission tower line to serve the area. This work represented a local investment of more than
Construction is currently underway on two new lines from Stayner to Blue Mountain and Collingwood. Much of the installation is being carried out by Hydro One apprentices, working closely with supervisors as they receive valuable hands-on training and experience. This phase of the project is expected to be completed by the end of this November. A number of local suppliers have been engaged in the work as sub-contractors or by providing a variety of services. Work on improvements to serve the Town of Wasaga Beach will begin next year.
Hydro One delivers electricity safely, reliably and responsibly to homes and businesses across the province of Ontario and owns and operates Ontario's 29,000 km high-voltage transmission network that delivers electricity to large industrial customers and municipal utilities, and a 123,000 km low-voltage distribution system that serves about 1.3 million end-use customers and smaller municipal utilities in the province. Hydro One is wholly owned by the Province of Ontario.
FORWARD-LOOKING STATEMENTS AND INFORMATION
Our oral and written public communications, including this document, often contain forward-looking statements that are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and include beliefs and assumptions made by the management of our company. Such statements include, but are not limited to: expectations regarding planned investments in infrastructure. Words such as "expect," "anticipate," "intend," "attempt," "may," "plan," "will", "believe," "seek," "estimate," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. We do not intend, and we disclaim any obligation to update any forward-looking statements, except as required by law. These forward-looking statements are based on a variety of factors and assumptions including, but not limited to the following: a stable regulatory environment; and no significant event occurring outside the ordinary course of business. These assumptions are based on information currently available to us, including information obtained from third party industry analysts. Actual results may differ materially from those predicted by such forward-looking statements.
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