TORONTO, April 20 /CNW/ - Hydro One has completed more than half of the
pole and arm replacements scheduled on its 230 kV wood pole transmission
structures in Northwestern Ontario for this year.
Forty Hydro One workers, with the help of about 15 apprentices, replaced
poles and arms on 176 structures on the 230 kV power line from Atikokan to
Manitoba. An additional 120 wood pole structures located between Kenora,
Dryden and Fort Frances are also scheduled for replacement later this year.
Hydro One will invest approximately $10 million this year on the upgrades.
This investment is just a portion of the replacements planned in Northwestern
Ontario over the next five years.
"This project is part of an ongoing program to continually assess the
condition of our power system and make significant upgrades to improve overall
reliability," said Carmine Marcello, VP, Asset Management, Hydro One. "This
work is a reflection of Hydro One's proactive approach to monitoring and
improving the transmission system in the Province."
For this project, a new technique is being used to determine if
replacement of the structure is necessary. Each pole is tested by drilling
into an arm on the structure from a helicopter. A helicopter equipped with an
Airstair, a framework that attaches to the undercarriage of the helicopter and
allows for safe access to the transmission lines, is used to test and replace
Work on the line from Atikokan to Manitoba started on January 26, 2009
and finished on March 9, 2009. Across the province, approximately $25 million
is invested annually into replacing 115 and 230 kV wood pole power line
structures. Two Ontario-based companies are supplying the wood poles and steel
arms for this project.
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 km high-voltage transmission network that delivers electricity to large
industrial customers and municipal utilities, and a 122,000 km 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.
FORWARD-LOOKING STATEMENTS AND INFORMATION
Our oral and written public communications, including this document,
often contain forward-looking statements that are based on current
expectations, estimates, forecasts and projections about our business and the
industry in which we operate and include beliefs and assumptions made by the
management of our company. Such statements include, but are not limited to:
expectations regarding developments in the statutory and operating framework
for electricity distribution and transmission in Ontario including changes to
codes, licenses, rates, rate orders, cost recovery, rates of return, rate
structures and revenue requirements in both our transmission and distribution
businesses and the timing of decisions from the OEB; expectations regarding
our financing activities; statements regarding the pension asset transfer;
statements regarding future capital expenditures and our investment plans;
expectations regarding the results of our projects; statements regarding
future pension contributions; the estimated impact of changes in the forecast
long-term Government of Canada bond yield (used in determining our regulated
rate of return) on our results of operations; and statements about IFRS. Words
such as "expect," "anticipate," "intend," "attempt," "may," "plan," "will",
"believe," "seek," "estimate," and variations of such words and similar
expressions are intended to identify such forward-looking statements. These
statements are not guarantees of future performance and involve assumptions
and risks and uncertainties that are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed, implied or
forecasted in such forward-looking statements. We do not intend, and we
disclaim any obligation to update any forward-looking statements, except as
required by law.
These forward-looking statements are based on a variety of factors and
assumptions including, but not limited to the following: no unforeseen changes
in the legislative and operating framework for Ontario's electricity market;
no unfavourable decisions from the OEB and other regulatory bodies concerning
outstanding rate and other applications; no unforeseen changes in rate orders
or rate structures for our distribution and transmission businesses; a stable
regulatory environment; and no significant event occurring outside the
ordinary course of business. These assumptions are based on information
currently available to us, including information obtained from third party
industry analysts. Actual results may differ materially from those predicted
by such forward-looking statements.
For further information:
For further information: Hydro One Media Relations 24 hours a day at
1-877-506-7584 (toll-free in Ontario only) or (416) 345-6868; Our Web site is