Indigenous communities, community members, environmental organizations are encouraged to send in
proposals that focus on habitat creation and enhancement
TORONTO, Oct. 30, 2023 /CNW/ - Today, Hydro One launched its Biodiversity Initiative as part of the Chatham to Lakeshore Transmission Line Project to invest in the region's natural environment. The company is inviting Indigenous communities, municipalities, community members and environmental organizations to submit proposals that create or enhance local habitat. This initiative is part of the company's commitment to support the energy needs of southwest Ontario while operating in an environmentally responsible and sustainable manner.
"As we continue to support a clean energy future in the southwest and feed the growing energy demands of the agri-foods and manufacturing sectors, we must do so in a way that effectively manages the impacts of our business on our planet," said Andrew Spencer, Executive Vice President, Capital Portfolio Delivery, Hydro One. "Energizing life for customers and communities means more than supplying safe and reliable power, it means supporting important local initiatives to build a better and brighter future for all."
"The Municipality of Chatham-Kent would like to applaud Hydro One's stewardship efforts to support the sustainability of our local ecosystems," said Darrin Canniff, Mayor, Municipality of Chatham-Kent. "We're looking forward to seeing and enjoying the environmental benefits from this fantastic enhancement work."
"Hydro One's dedication to the environment is appreciated by the Municipality of Lakeshore," said Tracey Bailey, Mayor, Municipality of Lakeshore. "We commend Hydro One for working with community partners to contribute to a greener future for the region."
The new Chatham to Lakeshore Transmission Line is a double-circuit 230-kilovolt transmission line between the Chatham Switching Station in the Municipality of Chatham-Kent and the newly built Lakeshore Switching Station in the Municipality of Lakeshore. Once completed, the new line will increase the amount of available clean energy to the region providing enough electricity to power a community the size of Windsor. As part of the company's pathway towards Reconciliation, Hydro One has offered five First Nations in the region a 50 per cent equity stake in the transmission line component of the project and is committed to working to advance the project in partnership.
Details about the Biodiversity Initiative, including timelines, eligibility requirements and how to make a submission can be found at hydroone.com/chatham-to-lakeshore. Applications are being accepted until December 15, 2023.
Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.5 million valued customers, approximately $31.5 billion in assets as at December 31, 2022, and annual revenues in 2022 of approximately $7.8 billion.
Our team of approximately 9,300 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2022, Hydro One invested approximately $2.1 billion in its transmission and distribution networks, and supported the economy through buying approximately $1.9 billion of goods and services.
We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. We are designated as a Sustainable Electricity Leader™ by Electricity Canada.
Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE. Additional information can be accessed at www.hydroone.com, www.sedarplus.com or www.sec.gov.
This press release and the application and investment plan to which it refers 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.sedarplus.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.
