Hydro One and Lakeland Power work together to improve local reliability

Hydro One and Lakeland Power work together to improve local reliability

Hydro One and Lakeland Power work together to improve local reliability 150 150 Lakeland Power Distribution Ltd.

Hydro One and Lakeland Power work together to improve local reliability


Bracebridge, ON, July 29, 2020 – Today, Hydro One and Lakeland Power announced that they are developing solutions to improve reliability for customers in the Bracebridge area. Hydro One will upgrade the power lines that serve Lakeland Power by increasing automation, line inspections and hazardous tree trimming to improve local power reliability. Hydro One is also proposing an alternate source of power to further reduce the frequency of power outages in the area.

Over the past couple of weeks, Lakeland Power has initiated high-level discussions with Hydro One to improve power reliability for Bracebridge.

“We are very encouraged that Hydro One has taken these reliability issues seriously. They are committed to improving and are working on proposals that will considerably improve hydro service,” explained Chris Litschko, CEO, Lakeland Power. “We now have momentum with a dedicated Hydro One team who are committed to finally resolving this issue.”

“We heard directly from Lakeland Power and their customers and we are taking action to improve reliability in the Bracebridge area,” said Jason Fitzsimmons, Chief Corporate Affairs and Customer Care Officer, Hydro One. “Outages can disrupt people’s daily lives, businesses and productivity. Through these investments, Hydro One plans to provide more reliable power that the Bracebridge region is counting on.”

Currently, Bracebridge receives its electricity from two – 44,000-volt power lines originating from the Muskoka Transformer Station in Utterson. The power lines traverse approximately 96 kilometers through rugged terrain and thick forest making them susceptible to the elements that cause power outages including fallen trees, heavy snow, high winds and lightning. The two electricity lines connect into Lakeland Power’s electricity system supplying the Bracebridge area.

Hydro One Limited (TSX: H)

Hydro One Limited, through its wholly-owned subsidiaries, is Ontario’s largest electricity transmission and distribution provider with approximately 1.4 million valued customers, approximately $27.1 billion in assets as at December 31, 2019, and annual revenues in 2019 of approximately $6.5 billion. Our team of approximately 8,800 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system, which is essential to supporting strong and successful communities. In 2019, Hydro One invested approximately $1.7 billion in its transmission and distribution networks and supported the economy through buying approximately $1.5 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 Company by the Canadian Electricity Association. 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.sedar.com or www.sec.gov.

Forward-Looking Statements and Information:

This press release 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.sedar.com. Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law.

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 website is www.HydroOne.com. Follow us on facebook.com/hydrooneofficial, twitter.com/hydroone and instagram.com/hydrooneofficial.