PowerStream Holdings Incorporated was an

electric utility An electric utility is a company in the electric power industry (often a public utility) that engages in electricity generation and distribution of electricity for sale generally in a regulated market. The electrical utility industry is a major pr ...

servicing communities north of Toronto and in Central Ontario. Its service areas included

Aurora An aurora (plural: auroras or aurorae), also commonly known as the polar lights, is a natural light display in Earth's sky, predominantly seen in high-latitude regions (around the Arctic and Antarctic). Auroras display dynamic patterns of bri ...

Alliston Alliston is a settlement in Simcoe County in the Canadian province of Ontario. It has been part of the Town of New Tecumseth since the 1991 amalgamation of Alliston and nearby villages of Beeton, Tottenham, and the Township of Tecumseth. The pri ...

Barrie Barrie is a city in Southern Ontario, Canada, about north of Toronto. The city is within Simcoe County and located along the shores of Kempenfelt Bay, the western arm of Lake Simcoe. Although physically in Simcoe County, Barrie is politically i ...

Beeton Beeton is a small community located in southern Simcoe County, Ontario, Canada between Tottenham and Alliston; all three were amalgamated in 1991 into the single Town of New Tecumseth. Beeton was named for a local apiary. Formerly known as Cla ...

Bradford West Gwillimbury Bradford West Gwillimbury is a town in south-central Ontario, in the Simcoe County, County of Simcoe in the Toronto Census Metropolitan Area on the Holland River. West Gwillimbury takes its name from the family of Elizabeth Simcoe, née ''Gwillim' ...

Penetanguishene Penetanguishene , sometimes shortened to Penetang, is a town in Simcoe County, Ontario, Canada. It is located on the southeasterly tip of Georgian Bay. Incorporated on February 22, 1882, this bilingual ( French and English) community has a populat ...

Markham Markham may refer to: It may also refer to brand of of clothing which originates from South Africa which saw it's establishment in 1873. Biology * Markham's storm-petrel (''Oceanodroma markhami''), a seabird species found in Chile and Colombia * ...

, Richmond Hill, Thornton,

Tottenham Tottenham () is a town in North London, England, within the London Borough of Haringey. It is located in the ceremonial county of Greater London. Tottenham is centred north-northeast of Charing Cross, bordering Edmonton to the north, Waltham ...

and

Vaughan Vaughan () (2021 population 323,103) is a city in Ontario, Canada. It is located in the Regional Municipality of York, just north of Toronto. Vaughan was the fastest-growing municipality in Canada between 1996 and 2006 with its population increas ...

. Powerstream merged with Enersource and Horizon Utilities to form

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 share ...

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 Creemore () is a former village, now part of Clearview, Ontario, Clearview Township, located in Simcoe County, Ontario, Canada. It lies approximately north of Toronto, 40 minutes west of Barrie, and 20 minutes south of Collingwood, Ontario, Col ...

and

Thornbury Thornbury may refer to: Places ;Australia *Thornbury, Victoria * Thornbury railway station, Melbourne ;Canada * Thornbury, Ontario ;England *Thornbury, Devon * Thornbury, Herefordshire *Thornbury, Gloucestershire **Thornbury Castle **Thornbury (UK ...

. 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 territory after the purchase of Aurora Hydro in 2005, and Barrie Hydro in 2009. On August 2, 2012 the company purchased 50 per cent ownership of Collus Power from the Town of Collingwood. As a result of the deal Collus rebranded to Collus PowerStream. Electricity distributed by PowerStream was primarily provided by

Ontario Power Generation Ontario Power Generation Inc. (OPG) is a Crown corporations of Canada, Crown corporation and "government business enterprise" that is responsible for approximately half of the electricity generation in the province of Ontario, Canada. It is w ...

and

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 ...

via

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 ( ...

transmission lines from various power plants in Ontario. The all-time peak load for PowerStream was 1,972 MW. PowerStream also operated a renewable generation division under the name PowerStream Solar and was actively involved in conservation and environmental initiatives. On November 1, 2013, a new affiliate, PowerStream Energy Services Inc., was created to facilitate the pursuit of non-regulated business opportunities. It resulted in a corporate governance restructuring and the establishment of PowerStream Holdings Inc. as the parent company to both entities. On March 24, 2016, the shareholders of PowerStream Holding's Inc. signed agreements to merge the utility with

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 share ...

(owned by the City of Mississauga and Borealis)

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 share ...

(owned by the Cities of Hamilton and St. Catharines) and then to purchase the assets of Hydro One Brampton from the Province of Ontario.

References

External links

* {{official website, http://www.powerstream.ca Defunct electric power companies of Canada Companies formerly owned by municipalities of Canada Companies based in Vaughan Energy companies established in 2004 Energy companies disestablished in 2017 2004 establishments in Ontario 2017 disestablishments in Ontario 2017 mergers and acquisitions

History

See also

References

External links