From monthly archives: October 2020

We are pleased to present below all posts archived in 'October 2020'. If you still can't find what you are looking for, try using the search box.

Utilities Show the Power of Local Hydro in their Communities

The EDA is pleased to recognize the community support and contributions made to their customers by our members. Ontario’s local hydro utilities are keeping customers first in all corners of the province and continue to demonstrate the Power of Local Hydro. Here are just a few examples for October: Hydro One partnered to award one coach with the Hydro One Safe Play Award and provide all award recipients with $500 to purchase sporting goods from local Canadian retailers of their choice. Hydro One also alongside the City of Hamilton, Dundas Turtle Watch, and the Royal Botanical Gardens, reaffirmed its commitment to sustainability through the completion of nearly 800 feet of turtle barrier fencing near Cootes Paradise to protect turtle populations. North Bay Hydro participated in the Hospital Walk/Run that raised over $84,000 was raised for the North Bay Regional Health Centre Foundation at the 14th annual event bringing the total from 2006 to $1.4 million. PUC Services Inc. Who donated t ...

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Strong Participation and Discussion at EDA Mergers & Acquisitions Forum

The Electricity Distributors Association (EDA) held a successful virtual Forum on October 22 focused on Mergers and Acquisitions. This event saw strong participation from utility executives and board members, government and agency representatives, and commercial entities. The EDA has a long-standing policy that supports LDC consolidation when it is voluntary between two or more willing participants.  “It is our belief that voluntary consolidation considers the best interests of the shareholders, the customers the utilities serve, and the communities in which they operate,” said Teresa Sarkesian, EDA President and CEO. Mergers and acquisitions take place for many strategic business reasons, but most reasons are economic at the core. Whether a transaction involves a utility or a non-regulated entity, the forum provided participants with insights that can be applied to overall business strategies on transactions. Topics covered included: View of a possible future: a renewable opp ...

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EDA Industry Excellence Awards 2020 – Acknowledgment, Inspiration, Celebration

In a year unlike any other, demonstrations of excellence abound in the distribution sector. And now is the time to ensure that your utility and staff are recognized for their exceptional efforts and outcomes during 2020. The EDA’s annual industry excellence awards program is open for submissions from now until Monday, January 18, 2021, at 5:00 pm. The categories encompass your utility’s work across various core functions, for the benefit of customers, shareholders and others, and you can submit in more than one. Award winners will be announced at an event in 2021 (details to be confirmed) – where EDA members and senior representatives of our regulators and other key stakeholders will participate. No other awards program more meaningfully or prominently showcases distribution sector’s accomplishments and the Power of Local Hydro. We look forward to seeing your submissions.    Award Categories Corporate/LDC Awards LDC Performance Excellence Award Pub ...

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Virtual EDA District Meetings Show the Strength of the LDC Community

This week marked the end of the EDA’s District Annual Meetings where a virtual experience did not diminish the spirits of our LDC members, or the value delivered by these strong regional organizations. The EDA's LDC member companies are divided into six regional districts with each operating under its own constitution and bylaws. The Upper Canada, Niagara Grand, Georgian Bay, Western, Northeastern, and Northwestern Districts each elect a director to the EDA board of directors to represent their diverse needs and industry views. The EDA used the opportunity to report on association activities and on the political and regulatory landscape. Our President and CEO appreciated that many LDCs invited their board members and other key staff to participate to foster greater awareness of the EDA and its community of LDC members. “Digital formats never quite fully replicate the value of face-to-face gatherings, but I have enjoyed providing my report and having the opportunity for virtual mem ...

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