Toronto, September 23, 2009 — In a move to build a green energy economy, Ontario, Canada is asking Hydro One – an electricity delivery company in Ontario – to immediately proceed with planning and implementing major transmission projects across the province.
The 20 transmission projects, as well as investments into the distribution network, are expected to create about 20,000 jobs and spur green economic development across Ontario over the next 3 years.
The projects will unlock potential opportunities for greener, cleaner electricity in all parts of the province. Hydro One will spend about $2.3 on transmission and distribution projects over the next 3 years.
These projects will help ensure there is enough transmission capability for renewable generation resulting from the province’s Green Energy Act.
In addition to bringing more renewable power online, these upgrades will strengthen the reliability of Ontario’s transmission system, increase energy transfer across the province and beyond Ontario’s borders, and could one day help lead to a national east-west grid.
Hydro One owns 97 percent of the transmission facilities in Ontario. It is fully owned by the Province of Ontario.
Hydro One transmits electricity through a 29,000 circuit-kilometer high-voltage network throughout Ontario, as well as 123,000 circuit-kilometer low-voltage distribution system to municipalities and rural areas.
Customers of Hydro One’s distribution business include 32 local distribution companies 47 large industrial customers and approximately 1.3 million rural and urban customers.