Hydro One and Niagara Peninsula Energy Inc. announce new agricultural water pump program

- AgriPump Rebate Program is the first of its kind in Ontario -

TORONTO, March 23, 2018 /CNW/ - Today, Hydro One and Niagara Peninsula Energy Inc. announced the AgriPump Rebate Program, the first program of its kind in Ontario to offer instant rebates to customers who purchase a high-efficiency pump kit. The program is ideal for all farming applications, including livestock, greenhouse and vineyards. Upgrading to a high-efficiency pump will improve performance and could save customers up to 40 per cent of their system's energy costs.

"This energy conservation program is focused on helping our agricultural customers manage their electricity and water usage all while saving money," said Cindy-Lynn Steele, Vice President, Market Solutions, Hydro One. "As Ontario's largest electricity provider to farming customers, we are committed to offering a variety of energy solutions to help them save on electricity and invest in programs that will meet their important needs while delivering a positive return to their bottom line."

"This collaborative approach with IESO and Hydro One allowed us to be very innovative with this new program," says Niagara Peninsula Energy Inc. CEO and President Brian Wilkie. "We're happy to be able to cater to the agricultural sector and provide this instant rebate program on high efficiency pump sets with advanced control technology."

"Water conservation and high energy costs are a big concern for farmers in the Niagara region and across the province," said Drew Spoelstra, Director for Halton, Hamilton-Wentworth, Niagara North and Niagara South, Ontario Federation of Agriculture. "The Save on Energy Conservation Program and this type of cross-utility initiative to launch the AgriPump Rebate Program is great for agriculture."

To be eligible for a rebate under the program, each kit must be between 0.5 hp and 10 hp and must comprise of a pump, motor, variable frequency drive and accessories. Customers can receive up to $610 per constant pressure pump kit. The pumps are quick and easy to install and guard against wear and tear.

The AgriPump Rebate Program is only available to agriculture customers in Hydro One and Niagara Peninsula Energy Inc. (NPEI) service territories. The instant rebate is fulfilled at the point of purchase.

To learn more and participate in the AgriPump Rebate program:

agripump.ca
1-844-403-3937
[email protected]

 About Hydro One Inc.:

Hydro One Inc. is a fully owned subsidiary of Hydro One Limited, Ontario's largest electricity transmission and distribution provider with more than 1.3 million valued customers, $25 billion in assets and 2017 annual revenues of nearly $6 billion. Our team of over 7,400 skilled and dedicated regular and non-regular employees proudly and safely serves suburban, rural and remote communities across Ontario through our 30,000 circuit km of high-voltage transmission and 123,000 circuit km of primary distribution networks. Hydro One is committed to the communities we serve, and has been rated as the top utility in Canada for its corporate citizenship, sustainability, and diversity initiatives. We are one of only five utility companies in Canada to achieve the Sustainable Energy Company designation from the Canadian Electricity Association. We also provide advanced broadband telecommunications services on a wholesale basis utilizing our extensive fibre optic network. Hydro One Limited's common shares are listed on the Toronto Stock Exchange (TSX: H).

Forward-Looking Statements and Information

This press release may contain "forward-looking information" 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.

About Niagara Peninsula Energy Inc.:

Niagara Peninsula Energy Inc. (NPEI) provides local electricity distribution and related services to residential and business customers in the City of Niagara Falls, Town of Lincoln, Town of Pelham and Township of West Lincoln. NPEI is governed by an eight-member Board of Directors. Niagara Peninsula Energy Inc. is jointly owned by Niagara Falls Holding Corporation and Peninsula West Power Inc. Niagara Falls Holding Corp. is wholly owned by the City of Niagara Falls. Peninsula West Power Inc., which is also a Holding Company, is jointly owned by the Town of Lincoln, the Town of Pelham and the Township of West Lincoln.

About Ontario Federation of Agriculture:

The Ontario Federation of Agriculture (OFA) represents more than 37,000 farm families across the province. OFA works to champion the interests of Ontario's farming community, advocating on behalf of our members and our industry on issues and priorities that impact Ontario farm businesses.

Contact Hydro One:

For further information: contact Hydro One Media Relations 24 hours a day at 1-877-506-7584 (toll-free in Ontario only) or 416-345-6868. Our website is www.HydroOne.com. Follow us on facebook.com/hydrooneofficial, twitter.com/hydroone and instagram.com/hydrooneofficial.

Contact Niagara Peninsula Energy Inc.:

For further information contact: Sue Forcier ? Director of Communications and Chief Conservation Officer at 905-651-2930 or [email protected]. Our website is www.npei.ca. Follow us at facebook.com/npeihydro and twitter.com/npeihydro.

SOURCE Hydro One Inc.