Indigenous communities, community members,
environmental organizations are encouraged to send in
proposals that focus on habitat creation and enhancement
TORONTO, Oct. 30,
2023 /CNW/ - Today, Hydro One launched its
Biodiversity Initiative as part of the Chatham to Lakeshore Transmission Line Project
to invest in the region's natural environment. The company is
inviting Indigenous communities, municipalities, community members
and environmental organizations to submit proposals that create or
enhance local habitat. This initiative is part of the company's
commitment to support the energy needs of southwest Ontario while operating in an environmentally
responsible and sustainable manner.
"As we continue to support a clean energy future in the
southwest and feed the growing energy demands of the agri-foods and
manufacturing sectors, we must do so in a way that effectively
manages the impacts of our business on our planet," said
Andrew Spencer, Executive Vice
President, Capital Portfolio Delivery, Hydro One. "Energizing life
for customers and communities means more than supplying safe and
reliable power, it means supporting important local initiatives to
build a better and brighter future for all."
"The Municipality of Chatham-Kent would like to applaud Hydro One's
stewardship efforts to support the sustainability of our local
ecosystems," said Darrin Canniff,
Mayor, Municipality of Chatham-Kent. "We're looking forward to seeing
and enjoying the environmental benefits from this fantastic
enhancement work."
"Hydro One's dedication to the environment is appreciated by the
Municipality of Lakeshore," said Tracey
Bailey, Mayor, Municipality of Lakeshore. "We commend Hydro
One for working with community partners to contribute to a greener
future for the region."
The new Chatham to Lakeshore
Transmission Line is a double-circuit 230-kilovolt transmission
line between the Chatham Switching Station in the Municipality of
Chatham-Kent and the newly built
Lakeshore Switching Station in the Municipality of Lakeshore. Once
completed, the new line will increase the amount of available clean
energy to the region providing enough electricity to power a
community the size of Windsor. As
part of the company's pathway towards Reconciliation, Hydro One has
offered five First Nations in the region a 50 per cent equity stake
in the transmission line component of the project and is committed
to working to advance the project in partnership.
Details about the Biodiversity Initiative, including timelines,
eligibility requirements and how to make a submission can be found
at hydroone.com/chatham-to-lakeshore. Applications are being
accepted until December 15,
2023.
Hydro One Limited (TSX:
H)
Hydro One Limited, through its wholly-owned subsidiaries, is
Ontario's largest electricity
transmission and distribution provider with approximately 1.5
million valued customers, approximately $31.5 billion in assets as at December 31, 2022, and annual revenues in 2022 of
approximately $7.8 billion.
Our team of approximately 9,300 skilled and dedicated employees
proudly build and maintain a safe and reliable electricity system
which is essential to supporting strong and successful communities.
In 2022, Hydro One invested approximately $2.1 billion in its transmission and distribution
networks, and supported the economy through buying approximately
$1.9 billion of goods and
services.
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 Leader™
by Electricity Canada.
Hydro One Limited's common shares are listed on the TSX and
certain of Hydro One Inc.'s medium term notes are listed on the
NYSE. Additional information can be accessed at www.hydroone.com,
www.sedarplus.com or www.sec.gov.
Forward-Looking Statements and
Information:
This press release and the application and investment plan to
which it refers may contain "forward-looking information" within
the meaning of applicable securities laws. Words such as "expect",
"anticipate", "intend", "attempt", "may", "plan", "will", "can",
"believe", "seek", "estimate", and variations of such words and
similar expressions are intended to identify such forward-looking
information. These statements are not guarantees of future
performance or actions 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 information. Some of
the factors that could cause actual results or outcomes to differ
materially from the results expressed, implied or forecasted by
such forward-looking information, including some of the assumptions
used in making such statements, are discussed more fully in Hydro
One's filings with the securities regulatory authorities
in Canada, which are available on SEDAR+
at www.sedarplus.com. Hydro One does not intend, and it
disclaims any obligation, to update any forward-looking
information, except as required by law.
SOURCE Hydro One Inc.