HUNTSVILLE, ON, Sept. 20, 2019 /CNW/ - Hydro One Inc., Ontario's largest electricity transmission and distribution company, today announced plans to invest approximately $16 million in more new technologies and additional hazardous trees trimming to reduce the number, size and duration of power outages in the Muskoka region.
"Any outage —no matter how short— can disrupt people's daily lives, businesses and productivity. Through these investments, Hydro One plans to provide more reliable power that the communities in Muskoka region are counting on," said Jason Fitzsimmons, Chief Corporate Affairs and Customer Care Officer, Hydro One. "This is part of our plan to modernize an aging distribution system by making prudent investments in new technology, replacing old poles and trimming hazardous trees."
"I am pleased to see Hydro One investing in modernizing local electricity infrastructure and improving reliability. Taking steps to decrease the frequency of power outages and to increase the rate at which the inevitable outage can be rectified is a huge boon to rural communities. Safe and reliable power is essential for supporting local families, businesses and our communities," said Member of Provincial Parliament, Norman Miller.
"A reliable power system is essential to Muskoka's community and economic vitality," said John Klinck, Chair of the District of Muskoka. "Hydro One's investment in our region to reduce outages and improve safety will certainly have a direct impact on the daily lives of many Muskokans and is great news for local businesses."
Over the next two years, Hydro One is investing to modernize its distribution grid with new devices to remotely monitor the system. This investment will allow the company to quickly and remotely identify the location of an outage and take action to restore power from the Ontario Grid Control Center, Hydro One's central hub that oversees daily operations. As part of Hydro One's new, more effective and efficient program for trimming hazardous trees, corridors in the region will now be trimmed every 3-years instead of the original 8 to 10-year cycle. Together, the company believes these initiatives will reduce the number and duration of power outages in the region.
These modernization and maintenance improvements include:
- the installation of 450 communicating fault indicators to better detect the location of an outage;
- connecting 38 smart switches to limit the amount of customers impacted by outages and improve power restoration times; and,
- tree trimming along 2,000 kilometers of power lines.
Much of Hydro One's electricity system was built in the 1950s. To help keep the public safe, reduce power outages and offset the need for more expensive emergency repairs, Hydro One plans to invest over $3 billion over five-years to help keep the distribution system safe and reliable.
About Hydro One Inc.:
Hydro One Inc. is a fully owned subsidiary of Hydro One Limited, Ontario's largest electricity transmission and distribution provider with almost 1.4 million valued customers, almost C$25.5 billion in assets and 2018 annual revenues of almost C$6.2 billion. Our team of approximately 8,600 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2018, Hydro One invested almost $1.6 billion in its 30,000 circuit kilometres of high-voltage transmission and 123,000 circuit kilometres of primary distribution networks and injected approximately $1.3 billion into the economy by buying goods and services in Ontario. We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. We are one of only six utility companies in Canada to achieve the Sustainable Electricity Company designation from the Canadian Electricity Association. Hydro One Limited's common shares are listed on the Toronto Stock Exchange (TSX: H).
Forward-Looking Statements and Information
This press release may contain "forward-looking information" within the meaning of applicable securities laws. Words such as "expect", "anticipate", "intend", "attempt", "may", "plan", "will", "can", "believe", "seek", "estimate", and variations of such words and similar expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions 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 information. Some of the factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One's filings with the securities regulatory authorities in Canada, which are available on SEDAR at www.sedar.com. Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law.
SOURCE Hydro One Inc.
