Le Lézard
Classified in: Environment
Subjects: PDT, SVY, CSR, ENP

Toronto Hydro Corporation releases its 2017 Annual Report


Utility maintains strong financial performance while focusing on innovative and sustainable solutions to address growth

TORONTO, May 22, 2018 /CNW/ - Toronto Hydro Corporation has released its 2017 Annual Report highlighting the organization's ongoing commitment to developing innovative and sustainable solutions to meet the needs of Toronto's evolving electricity system.

Toronto Hydro's 2017 Annual Report has been released. (CNW Group/Toronto Hydro Corporation)

In 2017, Toronto Hydro invested $552.9 million in infrastructure renewal to address safety, reliability and customer service requirements. As a result, since 2010 the average number of service interruptions has improved by approximately 19% and the average duration of interruptions has improved by approximately 24%. 

Toronto Hydro continues to be among the leading local distribution companies in the delivery of Conservation and Demand Management (CDM) programs. Last year, the utility launched the PowerLens® portal to help customers better understand their home's electricity consumption and how they can improve their conservation efforts. Toronto Hydro's CDM programs and initiatives reduced summer peak demand by 43 MW and led to an estimated energy savings of 353 GWh, an increase of 29% since 2016. 

The company's strong financial performance resulted in a $156.5 million net income after net movements in regulatory balances, and is a reflection of its commitment to customer service and operational excellence.

QUICK FACTS

QUOTES

"In 2017 we produced strong financial results while adapting to the evolving needs and demands of our growing city. Our focus remains on investing in infrastructure, enhancing our customer service tools and in our commitment to safety and environmental sustainability."

-Anthony Haines, President and CEO, Toronto Hydro Corporation

ABOUT TORONTO HYDRO

Toronto Hydro owns and operates the electricity distribution system for Canada's largest city. A leader in conservation and demand management, it has 769,000 customers located in the city of Toronto and distributes approximately 18% of the electricity consumed in Ontario.

Twitter - twitter.com/torontohydro 
Facebook - facebook.com/torontohydro
YouTube - youtube.com/torontohydro
Flickr - flickr.com/torontohydro
LinkedIn - Linkedin.com/company/toronto-hydro

SOURCE Toronto Hydro Corporation


These press releases may also interest you

at 04:00
Yukon Group, Europe's leading thermal imaging and night vision company, has launched the world's first upgradable thermal monocular for civilian use. The Pulsar Telos LRF XP50 is set to become an indispensable tool for hunters, explorers and rescuers...

at 04:00
Mana Pacific, Inc. announced that the company's Board of Directors has appointed Honorable Katherine Hammack as its new Chair of the Board. Hon Hammack succeeds MK Merrigan, Co-Founder of Mana Pacific, who served as Chair of the Board of Directors...

at 03:30
Electric vehicles (EVs) are a primary method to reach a net zero transportation sector, but in addition to CO2 emissions, overall sustainability is becoming an increased focus point. However, sustainability is a very complex topic that does not tend...

at 03:05
MidOcean Energy ("MidOcean"), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its previously announced agreement to...

at 03:00
Viewpoint, the influential educational program hosted by acclaimed actor Dennis Quaid, has joined forces with SoBrite Technologies to produce an informative piece that explores the advancements in Water Management Systems and their transformative...

at 03:00
An analysis by the World Wildlife Fund (WWF) suggests that the average person ingests as many as 5 grams of microplastics weekly ? that's the equivalent of eating a whole credit card. While the exact effects of plastics on human health are still...



News published on and distributed by: