Safetyscope provides new field support for Hydro One workers
Will provide the utility with confined space attendant and rescue training with consulting services.
OPG, Hydro One creating EV charger network; Feds investing $8M
160 fast chargers will be built at 73 locations
Hydro One Q2 profit plunges 23% as electricity revenue falls, costs rise
Attributes decline to higher weather-related costs for vegetation control and storm-related power restoration.
Hydro One threatened with action if it doesn’t cut proposed CEO pay
Board submitted a framework that would pay the next CEO up to $2,775,000.
Hydro One, Avista call off merger citing Washington and Idaho rejections
Under the terms of the merger agreement, US$103 million in termination fees go to Avista.
Washington State regulator denies bid to reconsider Hydro One-Avista deal
The regulator is worried about interference from Ontario’s Ford government.
Hydro One, Avista say Washington State regulator erred; request rehearing
Washington state regulators had said they would not allow Ontario’s largest utility to buy Avista for fear the provincial government might meddle in its operations.
Hydro One, Avista asking US regulator to reconsider denied acquisition
UTC can modify the prior order or take actions it deems appropriate, including extending deliberations.
Ford government moves to take more control of Hydro One executive salaries
Requires the board to establish a new compensation framework for the CEO and directors.
Hydro One board resigns, CEO retires as Doug Ford makes good on campaign promise
Hydro One CEO Mayo Schmidt, who earned a $6.2-million salary last year, became a lightning rod for resentment during the election over rising electricity rates in Ontario.
Hydro One’s merger with US energy firm Avista clears another hurdle
US Committee on Foreign Investment has found no unresolved national security concerns.
Hydro One to review executive pay; Liberals to vote against compensation changes
CEO would get at least $10.7 million in severance if he were to be removed from his job.
OEB pulls plug on Hydro One Orillia Power Distribution deal
Not satisfied no harm assessment test requirement had been met.
Hydro One CEO says rate hike needed to keep the system stable
TORONTO — Hydro One has applied for a rate…
OEB orders Hydro One to cut administrative budget by $30M over two years
Ontario Energy Board says hydro customers gain little from the jump in IPO-generated executive salaries
IPO market in Canada recovering after dismal 2016: report
PwC says there were 16 IPOs on Canadian exchanges in the first six months of this year that raised $2.9 billion.
Ontario budgets likely won’t be balanced after this year, watchdog says
Report says staying in balance will likely require additional fiscal measures.
Wynne government argues Hydro One suit is political, not legal complaint
Filed a motion to get CUPE lawsuit aimed at stopping the sale thrown out
Ontario sells its final batch of Hydro One shares to gross $2.79B
Province will hold 49.9% but that could slip to 47.8% if over allotment option is exercised.
Hydro One CEO $4.5M salary not a factor in bill cuts: minister
“Regardless of what those salaries are, we will make a 25% cut”: Sandals
Police investigating possible cyber threat against Hydro One
Electricity distributor says it doesn’t believe its power system has been compromised.
CUPE sues Wynne, cabinet ministers for mixing fundraising and Hydro One sale
Aiming to stop the sale of any more shares while the province is still the majority shareholder.
CUPE sues Ontario to try to block sale of Hydro One shares
The province raised $3.2 billion from selling 30% of Hydro One so far.
More than 8% of Ontario households behind on electricity bills
$172.5 million is owed to the province’s energy distribution networks.
Sale of 15% of Hydro One shares, special dividends net over $5B
Ontario Liberals raises about $1.8 billion from the sale; will be used to pay down stranded debt from Ontario Hydro.
Updated Hydro One prospectus estimates share price at $19 to $21
Ontario Liberals hope to raise $9 billion by selling 60% of the utility to pay down its debt and fund a $30 billion infrastructure fund.
Growing number of Ont. municipalities oppose Hydro One sale
More than 30% of the province’s municipalities have passed resolutions opposing the Liberal’s plans to sell the transmission utility.
Ontario takes next step to sell Hydro One
A filing prospectus values the utility’s total assets at $22.6 billion.
Liberals defend Hydro One sale they opposed when PCs tried it
Premier Wynne claims privatizing 60% of the utility would raise $9 billion for provincial infrastructure development.
Haldimand has new $19.2M transmission station
Hydro One project ensures electricity reliability and increased capacity.
Ontario businesses call on province to curb rising electricity prices
Ont. Chamber of Commerce says rising costs could force one in 20 companies out of business.
Hydro One completes acquisition of Haldimand County Utilities Inc.
Haldimand County Hydro’s customers will see a 1% reduction to their monthly distribution delivery rates as of July 1.