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public owned
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Toronto , Ontario ( 1999 )
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Toronto , Ontario , Canada
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President & CEO Tom Parkinson, Chair Rita Burak
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Electricity delivery
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4,189 regular employees 912 part-time, temporary & contract
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delivery of electricity
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N/A CAN
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delivers electricity across the
Canadian province of
Ontario . It is a
Crown Corporation wholly owned by the provincial government.
Hydro One traces its history to the early
20th Century to the establishment of the
Hydro-Electric Power Commission Of Ontario , renamed as "Ontario Hydro" in
1974 .
In October,
1998 the provincial government passed the "Energy Competition Act" which restructured Ontario Hydro with the aim of
Privatizing all electrical generating and transmission/delivery.
Hydro One's Transmission Line voltages are 500,000 volts, 230,000 volts and 115,000 volts. Hydro One has interconnections with
Manitoba Hydro ,
Hydro Quebec ,
Minnesota Power ,
Detroit Edison ,
Niagara Mohawk Power and the
New York Power Authority .
Ontario Hydro was restructured on , the , the
Independent Electricity Market Operator (later renamed the Independent Electricity System Operator), the Electrical Safety Authority, and Ontario Electricity Financial Corporation.
On
May 1 ,
2000 the Ontario Hydro Services Company was renamed and reorganized as a holding company with five subsidiaries:
- Hydro One Networks Inc.
- Hydro One Remote Communities Inc.
- Hydro One Markets Inc.
- Hydro One Telecom Inc.
- Ontario Hydro Energy Inc.
Between 1998 to 2000, Hydro One acquired 88 municipal electrical utilities. Numerous local/municipal distribution companies were also consolidated during this time. Hydro One's master control facility is located at 49 Sarjeant Drive, in
Barrie .
In December
2001 the provincial government announced the intention to sell Hydro One under an
Initial Public Offering , however by April
2002 various groups in opposition to the plan were able to successfully challenge the government in the
Supreme Court Of Ontario , forcing a halt to the IPO.
In May
2002 the provincial government went ahead with the launch of an open electricity market, even though generating and distribution were remaining under control of the government.
