Welcome!

News Feed Item

PowerStream's Decade of Growth has Benefitted Customers

Community-owned energy company celebrating its 10th anniversary on June 1, 2014

VAUGHAN, ONTARIO -- (Marketwired) -- 05/27/14 -- As officials and employees get set to mark PowerStream's10-year anniversary on June 1, 2014, they are taking particular pride in how the community-owned energy company's tremendous growth through mergers, acquisitions and strategic partnerships has benefitted its customers.

The company's growth through the consolidation of municipally-owned utilities has created economies of scale and operational efficiencies that have enabled PowerStream to not only provide its customers with additional service offerings such as conservation programs, but has also helped to reduce distribution rates (i.e. the rates charged to operate PowerStream) on several occasions including:


--  2006: a decrease in distribution rates varying from 10.5 to 23.5 per
    cent for customers in Markham, Richmond Hill and Vaughan
--  2007: a further decrease in distribution rates for customers in Aurora,
    Markham, Richmond Hill and Vaughan due to the introduction of common
    rates across the entire service territory
--  2009: an additional decrease in distribution rates for a typical
    residential customer in York Region of 1.3 per cent and 1.7 percent for
    typical business customers
--  2013: a 16.2 per cent decrease in distribution rates for a typical
    residential customer in Barrie and Simcoe County

Achieving scale through consolidation has also provided PowerStream with the size required as a utility to test and implement innovative technologies to benefit its customers today and in the future. This includes Smart Grid technologies that enhance reliability and facilitate quicker responses to power outages, using solar generation to provide power through renewable sources, investing in electric vehicle charging research and building a Micro Grid.

Over its 10-year history, PowerStream has given back to the communities it serves on numerous occasions through the company's sponsorship and donations program. The utility has donated a cumulative total of more than $1,000,000 to the United Way organizations in York Region and Simcoe County as well as provided major donations to several area hospitals (Mackenzie Health, Markham Stouffville and Southlake Regional Health Centre) and post-secondary institutions (York University and Georgian College).

The company has earned numerous accolades since it was created in 2004. Most recently, PowerStream was named one of 'Canada's Greenest Employers' and won the Electricity Distributors 'Environmental Excellence Award' for the third time in the past six years. In addition to being named one of 'Greater Toronto's Top Employers' for three consecutive years, PowerStream has also earned a 'Canada Award for Excellence' and been recognized for being one of 'Canada's Safest Employers'.

PowerStream is now focused on becoming Ontario's premier integrated energy services provider by 2020.

QUOTE


--  "PowerStream was created to provide customers with better pricing and
    more reliable electricity," said PowerStream Board Chair and City of
    Vaughan Mayor Maurizio Bevilacqua. "In 10 short years, it has not only
    proven that utility consolidation works but it has also become an
    industry leader with a focus on innovation and energy conservation."

BACKGROUND


--  PowerStream's consolidation of municipally-owned utilities included the
    original merger of Markham Hydro, Richmond Hill Hydro and Hydro Vaughan
    in 2004, the acquisition of Aurora Hydro Connections in 2005 and a
    merger with Barrie Hydro in 2009. In 2012, the company formed a
    strategic partnership with the Town of Collingwood in the ownership of
    Collus PowerStream.

--  Since 2004, PowerStream has grown from serving just under 200,000
    customers, residing or owning a business in three municipalities, to
    providing service today to more than 365,000 customers located in 15
    communities.


ABOUT POWERSTREAM

PowerStream is a community-owned energy company that provides power and related services to more than 365,000 customers residing or owning a business in communities located immediately north of Toronto and in Central Ontario. It is jointly owned by the Cities of Barrie, Markham and Vaughan.

LET'S CONNECT!

eStream - Blog.PowerStream.ca

Twitter - @PowerStreamNews

Facebook - PowerStreamPage

YouTube - PowerStreamTV

LinkedIn - PowerStreamInc

Google+ - +PowerStream

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...