“We have been actively meeting with communities in Essex County and working with Hydro One to ensure we are initiating the steps needed to ensure a reliable supply of electricity,” said Peter Gregg, President and Chief Executive Officer, IESO. “Energy efficiency and innovative solutions will also help us offset increasing demand while making electricity more affordable for businesses.”
The IESO’s Save on Energy Retrofit program can help businesses reduce monthly electricity costs through incentives to upgrade various equipment and lighting. The IESO is also inviting proposals through its Grid Innovation Fund until February 14, 2020, for innovative indoor agricultural projects that could cost-effectively reduce electricity demand during peak periods.
“A strong and reliable system is crucial in supporting growing industries and fuelling job growth,” said Greg Rickford, Minister of Energy, Northern Development and Mines. “I applaud Hydro One and the IESO for supporting business and residents here in Essex County.”
“Leamington and the surrounding area is an economic success story for Ontario. With the greenhouse sector’s historic rate of growth, we need the energy infrastructure to support our industry, so we can continue to create new jobs and support the economy,” said Peter Quiring, Chief Executive Officer, NatureFresh. “We are grateful for Hydro One and the IESO’s work to increase power supply to the region and we look forward to their ongoing support as we continue to see business growth in the southwest.”
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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 almost 1.4 million valued customers, over $25.6 billion in assets and 2018 annual revenues of over $6.1 billion. Our team of approximately 8,600 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2018, Hydro One invested almost $1.6 billion in its 30,000 circuit kilometres of high-voltage transmission and 123,000 circuit kilometres of primary distribution networks and injected approximately $1.3 billion into the economy by buying goods and services in Ontario. 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 Company by the Canadian Electricity Association. Hydro One Limited’s common shares are listed on the Toronto Stock Exchange (TSX: H).
About the IESO
The IESO operates Ontario’s power grid 24 hours a day, 365 days a year, ensuring Ontarians receive a reliable and cost-effective source of power when and where they need it. It works
