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PowerStream
PowerStream Holdings Incorporated was an electric utility servicing communities north of Toronto and in Central Ontario. Its service areas included Aurora, Alliston, Barrie, Beeton, Bradford West Gwillimbury, Penetanguishene, Markham, Richmond Hill, Thornton, Tottenham and Vaughan. Powerstream merged with Enersource and Horizon Utilities to form Alectra on February 1, 2017. Through a partnership with the Town of Collingwood it owned a 50% share of Collus PowerStream which serves customers in Collingwood, Stayner, Creemore and Thornbury. The 50% ownership stake in Collus PowerStream was transferred to Alectra before being sold back to the Town of Collingwood in 2017. History PowerStream was formed as a result of a merger of Markham Hydro, Hydro Vaughan, and Richmond Hill Hydro that took place in 2004. The separate utilities had been created by the ''York Municipal Hydro-Electric Service Act'' in 1978. Following the initial merger, PowerStream also gained distribution ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enersource
Alectra Incorporated, through its subsidiary Alectra Utilities Corporation, is an electricity utility and distributor that serves several municipalities in the Golden Horseshoe region of Ontario. It is a municipally owned corporation with shares in varying amounts held by the municipalities which owned its predecessor companies. When it was founded, Alectra was described as the second largest municipally-owned electricity utility in North America after the Los Angeles Department of Water and Power. As of January 2019 it is the largest municipally-owned electricity utility in Canada, by number of customers served. Formation and expansion Alectra was formed on January 31, 2017 by the merger of the municipally-owned utilities Enersource (serving Mississauga), Horizon Utilities (serving Hamilton and St. Catharines), and PowerStream (serving portions of York Region and Simcoe County). The initial formation of the company was completed with the acquisition of Hydro One Brampto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horizon Utilities
Alectra Incorporated, through its subsidiary Alectra Utilities Corporation, is an electricity utility and distributor that serves several municipalities in the Golden Horseshoe region of Ontario. It is a municipally owned corporation with shares in varying amounts held by the municipalities which owned its predecessor companies. When it was founded, Alectra was described as the second largest municipally-owned electricity utility in North America after the Los Angeles Department of Water and Power. As of January 2019 it is the largest municipally-owned electricity utility in Canada, by number of customers served. Formation and expansion Alectra was formed on January 31, 2017 by the merger of the municipally-owned utilities Enersource (serving Mississauga), Horizon Utilities (serving Hamilton and St. Catharines), and PowerStream (serving portions of York Region and Simcoe County). The initial formation of the company was completed with the acquisition of Hydro One Brampton ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alectra
Alectra Incorporated, through its subsidiary Alectra Utilities Corporation, is an electricity utility and distributor that serves several municipalities in the Golden Horseshoe region of Ontario. It is a municipally owned corporation with shares in varying amounts held by the municipalities which owned its predecessor companies. When it was founded, Alectra was described as the second largest municipally-owned electricity utility in North America after the Los Angeles Department of Water and Power. As of January 2019 it is the largest municipally-owned electricity utility in Canada, by number of customers served. Formation and expansion Alectra was formed on January 31, 2017 by the merger of the municipally-owned utilities Enersource (serving Mississauga), Horizon Utilities (serving Hamilton and St. Catharines), and PowerStream (serving portions of York Region and Simcoe County). The initial formation of the company was completed with the acquisition of Hydro One Brampton fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Municipally Owned Corporation
A municipally owned corporation is a corporation owned by a municipality. They are typically "organisations with independent corporate status, managed by an executive board appointed primarily by local government officials, and with majority public ownership." Some municipally owned corporations rely on revenue from user fees, distinguishing them from agencies and special districts funded through taxation. Municipally owned corporations may also differ from local bureaucracies in funding, transaction costs, financial scrutiny, labour rights, permission to operate outside their jurisdiction, and, under some circumstances, in rights to make profits and risk of bankruptcy. The causes and effects of municipally owned corporations are posited to be different from those of state-owned enterprises. Corporatization may be more utilised locally rather than nationally allowing more hybrid or flexible forms of public service delivery such as public-private partnerships and inter-municipal coo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ontario Power Generation
Ontario Power Generation Inc. (OPG) is a Crown corporation and "government business enterprise" that is responsible for approximately half of the electricity generation in the province of Ontario, Canada. It is wholly owned by the government of Ontario. Sources of electricity include nuclear, hydroelectric, wind, gas and biomass. Although Ontario has an open electricity market, the provincial government, as OPG's sole shareholder, regulates the price the company receives for its electricity to be less than the market average, in an attempt to stabilize prices. Since 1 April 2008, the company's rates have been regulated by the Ontario Energy Board. On 10 June 2019, it was announced that a new corporate campus would be built in Clarington, Ontario, that will also house Ontario Power Generation's headquarters. Establishment Ontario Power Generation was established in April 1999 as part of plans by the Progressive Conservative government of Premier Mike Harris to privat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toronto Hydro
Toronto Hydro Corporation is an electric utility that operates the electricity distribution system for the city of Toronto, Ontario, Canada. As of 2018, it serves approximately 772,000 customers and delivers approximately 19% of the electricity consumed in Ontario. History Toronto Hydro has been serving the city of Toronto for over a century. 1910s: Electricity first came to Toronto in the late 1880s. A number of private companies were formed to meet demand. In 1908, Torontonians voted overwhelmingly for the formation of a municipal electricity company. Toronto Hydro-Electric System was introduced on May 2, 1911 at Old City Hall. 1920s: Toronto Hydro merged with the private electricity companies in the 1920s, leading to a 95 per cent increase in the number of meters and a 200 per cent increase in the kilowatt-hours (kWh) sold. Further demand came from an approximately 50 per cent rise in appliance sales. 1930s: Demand for electricity decreased for the first time during the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bruce Power
Bruce Power Limited Partnership is a Canadian business partnership composed of several corporations. It exists (as of 2015) as a partnership between TC Energy (31.6%), BPC Generation Infrastructure Trust (61.4%), the Power Workers Union (4%) and The Society of United Professionals (1.2%). It is the licensed operator of the Bruce Nuclear Generating Station, located on the shores of Lake Huron, roughly 250 kilometres northwest of Toronto, between the towns of Kincardine and Saugeen Shores. It is the largest operating nuclear plant in the world by output ( Kashiwazaki is currently closed in Japan). Bruce Power operates eight nuclear reactors on Lake Huron where it leases the Bruce site from Ontario Power Generation. With those eight units in operation, the facility has a capacity of 5,403 megawatts and typically supplies nearly 30 per cent of the electricity used in Ontario's provincial power grid. Bruce Power became the world's largest operating nuclear facility in 2012, when Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hydro One
Hydro One Limited is an electricity transmission and distribution utility serving the Canadian province of Ontario. Hydro One traces its history to the early 20th century and the establishment of the Hydro-Electric Power Commission of Ontario (renamed "Ontario Hydro" in 1974). In October 1998, the provincial legislature passed the ''Energy Competition Act'' which restructured Ontario Hydro into separate entities responsible for electrical generation, transmission/delivery, and price management with a final goal of total privatization. Hydro One was established at this time as a corporation under the ''Business Corporations Act'' with the Government of Ontario as sole shareholder. Following its initial public offering on the Toronto Stock Exchange in 2015, the Government of Ontario began selling shares to the public with a final goal of 60% of the company being held by private investors. A report released on December 2, 2015, by the Auditor General of Ontario raised concern with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
