Latest Ontario Hydro Stories

ATLANTA, April 15, 2013 /PRNewswire/ -- Southern Company said today it is increasing its annual dividend by 7 cents per share to a rate of $2.03 per share. (Logo: http://photos.prnewswire.com/prnh/20080801/SOCOLOGO ) The increase marks the 12th straight year that Southern Company has raised the dividend on its common stock. Southern Company also announced today a regular quarterly dividend - including an increase of 1.75 cents per share on a quarterly basis - of 50.75 cents per...

SIMCOE, ON, April 2, 2013 /CNW/ - Norfolk County today announced that it has sold Norfolk Power Inc. to Hydro One Inc. for $93 million. Norfolk Power Inc. is Norfolk County's holding company for Norfolk Power Distribution Inc., its electricity distributor, and Norfolk Energy Inc., its telecom company. The selection of Hydro One is the result of a comprehensive four-month competitive sale process which involved expressions of interest or proposals from numerous potential buyers....

TORONTO, March 23, 2013 /CNW/ - Toronto Hydro-Electric System Limited ("Toronto Hydro") is pleased to report that the city dropped 205 megawatts (MW) of electricity during Earth Hour. This is equivalent to removing about 92,000 homes off Toronto's electricity grid. Toronto Hydro saw a significant drop of electricity consumption based on the electricity load recorded for the last three Saturdays this month,  As homes and businesses shut off lights, computers, television sets and...

VANCOUVER, Dec. 20, 2012 /PRNewswire/ - WesternOne Equity Income Fund ("WesternOne Equity") (TSX: WEQ.UN, WEQ.DB.B, WEQ.DB.C) today announced that its modular construction division, WEQ Britco LP ("Britco"), executed a contract to design, build and install the first phase of a 2,000 room workforce accommodation complex for Manitoba Hydro. The contract will occur in two phases and will provide workforce accommodations for the construction of the Keeyask Generating Station Project....

OTTAWA, Nov. 22, 2012 /CNW/ - Hydro Ottawa has completed the purchase, first announced in June 2012, of three hydroelectric plants and a 38.3 percent interest in the Ring Dam and remaining water rights at Chaudière Falls from Domtar Corporation for $46 million. "This presents a tremendous opportunity for Ontario to add 21 megawatts of renewable run-of-the river hydro power, with the potential to expand that to more than 40 megawatts as we explore additional opportunities at...

TORONTO, Nov. 6, 2012 /CNW/ - Toronto Hydro, following the completion of Hurricane Sandy storm restoration efforts in Toronto, is now dispatching employees to assist with power restoration in the north eastern United States. Sixty-five Toronto Hydro overhead power line and underground distribution network trades people, and supervisors, will be joining hydro crews in relief efforts. "This level of deployment provides the operational flexibility necessary to provide effective...

TORONTO, Aug. 14, 2012 /CNW/ - Hydro One Inc. announced that tomorrow it will issue formal notice of redemption of all $600 million of Hydro One Inc.'s outstanding Series 3, 5.77% notes due November 15, 2012 (the "Notes").   The Notes will be redeemed on September 4, 2012 at a redemption price of 100.863 percent of the principal amount of the Notes together with accrued interest to September 4, 2012, in accordance with the terms of the trust indenture governing the Notes....

TORONTO, June 22, 2012 /CNW/ - (Toronto Hydro Corporation's 5(th) corporate responsibility report, "The Measure of Our Corporate Responsibility Commitment," is now available at torontohydro.com/responsibility) Over the past century, Toronto Hydro employees have worked together to light the City of Toronto.  In the utility's 100(th) year, the corporation achieved strong performance in workplace safety, construction and maintenance, customer service and community outreach. For...

Restoration Program Partners will Stock Atlantic Salmon in Duffins Creek PETERBOROUGH, ON, April 10, 2012 /PRNewswire/ - The Honourable Keith Ashfield, Minister of Fisheries and Oceans, will help stock yearling Atlantic Salmon in Duffins Creek with local MP Chris Alexander, Mayor Dave Ryan, Ontario Power Generation employees, Fleming College hatchery staff and students from Holy Redeemer Catholic School and Pine Ridge Secondary School. Earlier in the day, the students and Ontario...

ARMONK, N.Y. and TORONTO, March 27, 2012 /PRNewswire/ -- IBM (NYSE: IBM) and its Business Partner Telvent announced that they have been selected by Hydro One, the largest distributor of electricity in Ontario (Canada), for a new smart grid project that will help transform the province's electrical system. Together, the companies will run simulations and tests to determine the smart grid technologies that have the potential to improve power efficiency and reliability. (Logo:...