Toronto Hydro to Receive Equity Investment From City of Toronto

Toronto Hydro to Receive Equity Investment From City of Toronto

The City of Toronto (City) and Toronto Hydro Corporation (Toronto Hydro or the Corporation) have agreed on the City making new equity investments in Toronto Hydro totalling $300 million, including a one-time upfront special equity investment of $50 million by 2025 and multi-tranche annual equity contributions of $25 million over 10 years beginning in 2025. The City of Toronto has approved these investments and supporting documents were finalized and provided to Toronto Hydro on June 28, 2024, following the meeting of City Council earlier that week.

New Smart Device for Electric Home Water Heating Launched in Oakville Community

New Smart Device for Electric Home Water Heating Launched in Oakville Community

July 16, 2024 Through a collaborative pilot project, homeowners in Oakville, Ontario will soon have a more sustainable, cost-effective option for heating water in their homes, thanks to a new partnership between Oakville Hydro, Mattamy Homes Canada, and Hootwater Inc. A device developed by Hootwater will be installed on electric water tanks in new homes…

Canadian Solar’s e-STORAGE to Deliver Nova Scotia’s First Grid-Scale Battery Energy Storage Facilities

Canadian Solar’s e-STORAGE to Deliver Nova Scotia’s First Grid-Scale Battery Energy Storage Facilities

July 16, 2024 Canadian Solar Inc. has announced that e-STORAGE, which is part of the Company’s majority-owned subsidiary CSI Solar Co., Ltd., has secured a contract from Nova Scotia Power to develop flagship energy storage projects across three locations in Nova Scotia, Canada: Bridgewater, Waverley, and White Rock. The projects, totaling 150 MW / 705 MWh DC, will play a crucial…

Federal Government Invests in Hitachi Energy Project

Federal Government Invests in Hitachi Energy Project

July 16, 2024 The federal government has announced a contribution of $30 million through the Strategic Innovation Fund to support Hitachi Energy Canada’s project. The three-year project will include building a new state-of-the-art transformer test laboratory at Hitachi Energy’s large power transformer facility in Varennes, Quebec, in addition to expanding capabilities for high-voltage direct current (HVDC) technologies. Hitachi will…

BC Introducing Rebates for Solar Panels and Battery Storage

BC Introducing Rebates for Solar Panels and Battery Storage

July 11, 2024 For the first time, BC Hydro will provide rebates for the installation of rooftop solar and battery-storage systems, making it easier for people and businesses to generate their own electricity, reduce their energy bills and deliver clean energy back to the electricity grid. The new program supports the Province’s new clean-energy strategy…

B.C. Utilities Commission Approves Energy-Based Rates for FortisBC’s EV Charging Stations

B.C. Utilities Commission Approves Energy-Based Rates for FortisBC’s EV Charging Stations

July 10, 2024 Drivers who charge an electric vehicle (EV) at FortisBC Inc.’s (FortisBC) charging stations will soon see a change in how the total amount they pay is calculated. Instead of paying a per minute cost for charging an EV, customers will pay based on the actual amount of electricity they use.  “Using energy-based…

SaskTel Reports Net Income of $95.4 million

SaskTel Reports Net Income of $95.4 million

July 10, 2024 SaskTel reports its financial results for the 2023/24 fiscal year including net income of $95.4 million and operating revenues of $1,351.4 million. These results demonstrate SaskTel’s ongoing dedication to offering competitive services in the province and to connecting Saskatchewan people by enhancing their networks. “In 2023/24, SaskTel invested $368.5 million of capital…

SaskPower, First Nations Power Authority Sign 100-MW Solar Procurement Agreement

SaskPower, First Nations Power Authority Sign 100-MW Solar Procurement Agreement

SaskPower has signed an agreement with First Nations Power Authority (FNPA) to find a proponent to develop, own and operate a 100 megawatts (MW) solar generation facility to be located in south-central Saskatchewan. SaskPower will buy the power generated from this facility through a long-term Power Purchase Agreement. “This agreement is an example of the Government of Saskatchewan and SaskPower’s commitment to economic reconciliation,” said Dustin Duncan, Minister Responsible for SaskPower. “The strong participation requirement will ensure more opportunity for Indigenous-owned companies to participate in power generation in the province.”

Province Investing in Hydroelectric Energy in Eastern Ontario

Province Investing in Hydroelectric Energy in Eastern Ontario

The Ontario government is expanding and refurbishing clean electricity generation by announcing support for Ontario Power Generation’s (OPG) approximately $1 billion investment to refurbish eight hydroelectric generating stations in Eastern Ontario. This infrastructure program would secure 1,617 megawatts (MW) of clean electricity generation, equivalent to powering 1.6 million homes, helping to meet increasing demand from electrification and fueling the province’s growth. “Hydroelectric generating stations in Eastern Ontario have been providing the province with clean electricity for a century, and with today’s investment, we’re extending the life of these eight stations for decades more to help Ontario meet its growing electricity needs,” said Stephen Lecce, Minister of Energy and Electrification.

EHRC Unveils Electricity in Demand: Alberta Workforce 2023-2028

EHRC Unveils Electricity in Demand: Alberta Workforce 2023-2028

July 2, 2024 Energy transitions underway are affecting Alberta’s electricity workforce Electricity Human Resources Canada (EHRC), released its Electricity in Demand: Alberta Workforce 2023-2028 report today. The Report is the result of a study, undertaken by EHRC and funded by the Government of Alberta, that examines the impacts of evolving economic, technological, regulatory and environmental developments on…

Hydro-Québec Presents the Results of Dialogue on its Action Plan 2035 and Makes Over 40 Commitments

Hydro-Québec Presents the Results of Dialogue on its Action Plan 2035 and Makes Over 40 Commitments

June 25, 2024 Hydro-Québec is presenting the report on the dialogue that it carried out over the past few months to gather ideas and solutions to improve and its Action Plan and bring it to fruition. The discussions held were productive and demonstrated that Quebecers have a strong interest in the province’s energy future. Hydro-Québec has identified…

Alectra Inc. Confirms Commitment to Progressive Aboriginal Relations Certification from the Canadian Council for Indigenous Business

Alectra Inc. Confirms Commitment to Progressive Aboriginal Relations Certification from the Canadian Council for Indigenous Business

June 25, 2024 Alectra has become a member of the Canadian Council for Indigenous Business (CCIB) and is committed to the Progressive Aboriginal Relations™ (PAR) Certification program. By joining a diverse group of both Indigenous and non-Indigenous companies across Canada, Alectra is dedicated to fostering meaningful relationships with Indigenous communities and promoting economic reconciliation. “We…

Sandy Lake First Nation Energized by Wataynikaneyap Power

Sandy Lake First Nation Energized by Wataynikaneyap Power

June 25, 2024 Wataynikaneyap Power is pleased to announce the energization of Sandy Lake First Nation. The northern Ontario community was connected to the provincial power grid on April 18, 2024. “It is wonderful to be able to celebrate the community’s connection to the power grid on Indigenous Peoples’ Day,” Sandy Lake Chief Delores Kakegamic…

Hydro Ottawa Presents 2023 Annual Report to City Council

Hydro Ottawa Presents 2023 Annual Report to City Council

June 25, 2024 Hydro Ottawa Holding Inc. presented its 2023 Annual Report, highlighting successes in enabling sustainable energy solutions for customers, preparing for and responding to extreme weather events, and maintaining a safe and reliable supply of electricity. Board Chair, Bernie Ashe, and President and Chief Executive Officer, Bryce Conrad, presented the company’s 2023 results during the…