Hydro One will acquire Ontario-based utilities Orillia Power Distribution from the City of Orillia, and the business and distribution assets of Peterborough Distribution, from the City of Peterborough
Hydro One secured approval to acquire Orillia Power Distribution and Peterborough Distribution. (Credit: pasja1000 from Pixabay.)
Hydro One announced that the Ontario Energy Board (OEB) has approved the applications for the acquisitions of Ontario-based utilities Orillia Power Distribution Corporation (OPDC) from the City of Orillia, and the business and distribution assets of Peterborough Distribution Inc. (PDI), from the City of Peterborough.
“We look forward to welcoming our new customers and employees to the Hydro One family,” said Mark Poweska, President and CEO, Hydro One Limited. “These strong partnerships will energize life in the City of Orillia and the City of Peterborough for years to come through our continued investment in exceptional customer service, safe and efficient operations, and community initiatives. We would like to thank Mayor Clarke and Mayor Therrien, Orillia and Peterborough City Councils, and the OPDC and PDI teams for their dedication and partnership.”
Source: Company Press Release