Hydro One breaks ground on $120 million investment in Orillia
Construction begins on new Regional Operations Centre and Provincial Warehouse strengthening partnership and bringing economic growth to the city
ORILLIA, ON, Sept. 15, 2023 /CNW/ - Today, Hydro One broke ground on its new Regional Operations Centre and Provincial Warehouse, which once built, will enhance efficiency and improve emergency response time in the community and ensure the region remains an attractive place to invest, live and work. Hydro One's Executive Vice President (EVP), Safety, Operations and Customer Experience, Teri French was joined by the City of Orillia's Mayor Don McIsaac and members of council to celebrate the start of construction on the $120 million investment.
"Hydro One is thrilled to have a such great partner in the City of Orillia and all its community members," said Teri French, EVP, Safety, Operations and Customer Experience. "This new Regional Operations Centre and Provincial Warehouse will energize life in the community for years to come through our continued investment in exceptional customer service, safe and efficient operations and building stronger, more resilient communities."
"Hydro One is bringing tremendous growth and investment to the City of Orillia. We anticipate that the construction of Hydro One's facilities in West Orillia will contribute $200 to $300 million in near-term economic impact for our municipality," said Mayor Don McIsaac. "I would like to thank Hydro One for its commitment to investing in Orillia and the strong community support they have demonstrated since coming to our city. We are proud to be home to Hydro One and we are excited to continue to work together to deliver this critical project and secure a bright future for our Sunshine City."
"Today's groundbreaking is an exciting next step in our partnership with Hydro One," said Jill Dunlop, Member of Provincial Parliament for Simcoe North. "I am happy to see such continued support and investment from them in the City of Orillia as the community continues to grow."
The two buildings are part of an agreement with the City of Orillia to build three new facilities to help grow and diversify the local economy. Up to 250 employees across the three facilities will now call the Sunshine City home, contributing to the economy and helping to support the community at large. The facilities will be located close to Hydro One's new state-of-the-art provincial grid control centre. The 29,000 square foot Regional Operations Centre will be home to regional line maintainers and electrical maintainers, while the 120,000 square foot Provincial Warehouse will store equipment and other materials that allow Hydro One field crews to complete investments to the local grid and respond to outages.
Construction of the Orillia Operations Centre and Distribution Warehouse will be completed by EBC - Buttcon Limited joint venture. The Operations Centre is expected to be operational by March 2025 and the Distribution Warehouse in May 2025.
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, http://www.sedarplus.ca or www.sec.gov.
SOURCE Hydro One Inc.
Media can contact Hydro One Media Relations 24 hours a day at 1-877-506-7584 (toll-free in Ontario only) or 416-345-6868.
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