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
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are a modern development application platform and we have a suite of products that allow you to application release automation, we do version control, and we do application life cycle management," explained Flint Brenton, CEO of CollabNet, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...