Transmission line upgrades will support rapid
growth in our Nation's capital by allowing more power to flow into
the region and improving climate change resiliency
OTTAWA,
ON, Nov. 23, 2023 /CNW/ - Today, Hydro One
Inc. (Hydro One) was joined by Hydro Ottawa and representatives
from the City of Ottawa and
government of Ontario, at Merivale
Transmission Station to announce the completion of $46.9 million in transmission line upgrades.
These critical upgrades will increase the electrical capacity of
the power lines by 66 per cent, from 650MW to 1,080MW, providing a
reliable supply of energy to support the growing demand in the
Ottawa area. The project also
allows for generation facilities in eastern Ontario to transfer more power to the rest of
the province and import more clean energy from Quebec. The upgrades also improve resiliency
of the electricity network and improve reliability for residents,
business, commercial and industrial customers.
The investment included reinforcing the transmission towers and
replacing power lines and insulators on 12 kms of 230kV double
circuit transmission line between Merivale Transmission Station and
Hawthorne Transmission Station. The project began in July 2020 and was completed in time for
Ottawa's cold winter season to
ensure power was available when needed in the community.
In addition to the completed improvements made to these
transmission lines, Hydro One is making progress on modernizing the
Merivale Transmission Station to ensure this key station serving
Ottawa can supply clean, reliable
energy as the region continues to grow. This project includes
expanding the current footprint of the station to house two new 230
kilovolt transformers and a new operations building. As part of
this project, Hydro One has signed a new Community Support
Agreement with the City of Ottawa
that will directly support recreational projects for local
residents.
"Demand for energy in Ottawa is
growing rapidly. It is important for Hydro One to make a
substantial investment in building a grid for the future to
support the increasing and changing needs of local businesses,
residents, and the economy," said Andrew
Spencer, Executive Vice President, Capital Portfolio
Delivery, Hydro One. "As a proud member of the Ottawa community, the upgrades Hydro One
continues to make will energize life for customers
and improve power reliability and resiliency for years to
come."
"As we further our commitment toward climate adaptation and
ensuring our grid can support the energy transition and shift
toward electrification, we are proud to be collaborating with our
colleagues at Hydro One for this announcement, knowing we are
making life better for our customers and our community," said
Guillaume Paradis, Chief Electricity
Distribution Officer, Hydro Ottawa. "Increasing the capacity,
reliability and resiliency of our transmission network is a vital
step to ensuring the distribution system in Ottawa can provide the power needed now and in
the future."
"In a growing city like Ottawa,
ensuring reliable electricity is crucial for our communities and
our businesses," said Mayor Mark
Sutcliffe. "We know how critical these electricity
transmission projects are for our city's future growth plans and
prosperity. We look forward to seeing the Community Support
Agreement come to life."
"Electrifying the homes and businesses in our community relies
on making sure we have a reliable and resilient electricity
system," said Knoxdale-Merivale Councillor, Sean Devine. "I'm very pleased at the close
collaboration between Hydro One, my office and community members to
ensure these upgrades are developed with sensitivity to local
interests in mind, and that the Community Support Agreement
announced today will provide local benefits for years to come."
"Today's announcement is good news for Nepean residents and all of Ottawa, preparing the electricity network for
the future," said Lisa MacLeod,
Member of Provincial Parliament for Nepean. "I am pleased to see Hydro One invest
in the transmission network as our community continues to
grow."
More information about the investments Hydro One is making in
communities across Ontario can be found at:
www.hydroone.com/majorprojects
Hydro One Limited (TSX:
H)
Hydro One Limited, through its wholly-owned subsidiaries, is
Ontario's largest electricity
transmission and distribution provider with approximately 1.5
million valued customers, approximately $31.5 billion in assets as at December 31, 2022, and annual revenues in 2022 of
approximately $7.8 billion.
Our team of approximately 9,300 skilled and dedicated employees
proudly build and maintain a safe and reliable electricity system
which is essential to supporting strong and successful communities.
In 2022, Hydro One invested approximately $2.1 billion in its transmission and distribution
networks, and supported the economy through buying approximately
$1.9 billion of goods and
services.
We are committed to the communities where we live and work
through community investment, sustainability and diversity
initiatives. We are designated as a Sustainable Electricity
Leader™ by Electricity Canada.
Hydro One Limited's common shares are listed on the TSX and
certain of Hydro One Inc.'s medium term notes are listed on the
NYSE. Additional information can be accessed at www.hydroone.com,
www.sedarplus.com or www.sec.gov.
Forward-Looking Statements and
Information:
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within the meaning of applicable securities laws. Words such as
"expect", "anticipate", "intend", "attempt", "may", "plan", "will",
"can", "believe", "seek", "estimate", and variations of such words
and similar expressions are intended to identify such
forward-looking information. These statements are not guarantees of
future performance or actions and involve assumptions and risks and
uncertainties that are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed,
implied or forecasted in such forward-looking information. Some of
the factors that could cause actual results or outcomes to differ
materially from the results expressed, implied or forecasted by
such forward-looking information, including some of the assumptions
used in making such statements, are discussed more fully in Hydro
One's filings with the securities regulatory authorities in
Canada, which are available on
SEDAR at www.sedar.com. Hydro One does not intend, and it disclaims
any obligation, to update any forward-looking information, except
as required by law.
SOURCE Hydro One Inc.