TORONTO, July 2 /CNW/ - Hydro One has been recognized by Corporate
Knights Magazine as one of Canada's Top 50 Corporate Citizens. The Company
placed 6th in the annual ranking, moving 20 spots from its 2007 ranking, and
placed first when compared against other companies in the utility category.
Ranked companies are described by Corporate Knights as companies that are
doing the best job at fulfilling their end of the social contract and managing
their specific environmental, social and governance performance when going
head-to-head with their sector peers. Hydro One's conservation and demand
management programs were among the reasons the company received its ranking.
"We are proud of this recognition, and of our employees and the work they
do for the people of Ontario," said Laura Formusa, Hydro One President & CEO.
"In particular, we appreciate recognition for our efforts to help build a
conservation culture in the Province of Ontario through our Conservation and
Demand Management Programs."
In 2007, Hydro One's conservation and demand management measures realized
more than 170 million kilowatt of energy savings for its customers. Together
with additional kWh savings since the program's inception in 2005, the
Company's measures have resulted in savings of 272 million kWh of energy in
Ontario, or enough electricity to meet the needs of a small city for a year
(23,000 homes). Carbon emissions were reduced by 178,000 tonnes.
Conservation highlights at the end of 2007 included installation of
10,000 web-enabled thermostats in houses and businesses, to enable changes in
central air conditioning temperatures without having to be on site. In
addition, 2,200 traffic signals in 16 Ontario municipalities were replaced
with LED technologies, resulting in annual savings of 1.7 million kWh of
Hydro One delivers electricity safely, reliably and responsibly to homes
and businesses across the province of Ontario and owns and operates Ontario's
29,000 kilometre high-voltage transmission network that delivers electricity
to large industrial customers and municipal utilities, and a 122,000 kilometre
low-voltage distribution system that serves about 1.3 million end-use
customers and smaller municipal utilities in the province. Hydro One is wholly
owned by the Province of Ontario.
For further information:
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;