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Hydro One : partners with local organizations in Peterborough area to support critical community services

11/23/2020 | 10:29am

Hydro One announced funding to support Kawartha Food Share and Brock Mission, two critical organizations serving Peterborough and surrounding communities.

Hydro One is committed to standing up for customers in the communities it serves, especially in this time of great need.

'We have a deep responsibility to support the communities that we serve,' said Jay Armitage, Vice President, Marketing and Communications, Hydro One. 'As we join the communities of Peterborough, Lakefield and Norwood, we will continue energizing life by delivering safe and reliable power to families and businesses, and supporting local organizations that provide critical support services for those in need.'

In August, Hydro One announced its commitment to provide $100,000 in community investment funding through its Building Safe Communities initiative to support important local organizations in Peterborough, Lakefield and Norwood in 2020. Hydro One has partnered with the following organizations: YES Shelter for Youth and Families by providing funding for the purchase of a new truck to support daily operations.

Kawartha Food Share by supporting the purchase of new equipment needed to improve daily warehouse operations, and food for community members in need.

Brock Mission by providing funding to support the development of a new men's shelter opening in 2021, and essential services such as addiction counselling and 24-hour emergency shelters that the Mission provides.

'Kawartha Food Share, Brock Mission and YES Shelter provide critical services to our community,' said Peterborough Mayor, Diane Therrien. 'I would like to thank Hydro One for its investments in the City of Peterborough and these deserving organizations as part of its Building Safe Communities initiative.'

'Selwyn Township is very thankful for the generosity of Hydro One in providing support for Kawartha Food Share who support local Food Banks in Selwyn Township as well as the Brock Mission that provides safe and secure housing for the homeless,' said Selwyn Township Mayor, Andy Mitchell. 'This generous donation will go a long way to address food and housing insecurity for our most vulnerable residents.'

'Hydro One's support of these important organizations will benefit our community as we move into the holiday season,' said Asphodel-Norwood Mayor, Rodger Bonneau. 'We appreciate this investment in the organizations that have been working hard for members of the community during this challenging time.'

'We are so thrilled to be the recipients of the Hydro One Building Safe Communities initiative! This funding will allow us to replace equipment that will improve efficiencies in our warehouse,' said Ashlee Aiken, General Manager, Kawartha Food Share. 'We distribute over 500,000 lbs. of food each month to local food banks, meal programs and shelters, and having safe, efficient equipment will make this task much easier. We can't thank Hydro One enough for its support in the fight against hunger in Peterborough and County.'

'As a local grassroots organization, we are immensely grateful for Hydro One's generous support towards our new shelter and housing project,' said William McNabb, Executive Director, Brock Mission. 'This donation brings us a big step closer to opening the doors to those in our community who are faced with homelessness and discouragement.'

'With this truck, we've been able to move young people and families into housing of their own, pick up crucial food donations, and more efficiently maintain the emergency shelter and youth housing locations,' said Brooke Erikson, Community Engagement Coordinator, YES Shelter for Youth and Families. 'The purchase of this truck, made possible by Hydro One, has allowed us to improve our services for youth and families experiencing homelessness, in a time when they've needed us more than ever.'

'Hydro One has again displayed its community-first approach to business. Just like many local businesses do, by supporting charities and sports teams, Hydro One has again made its commitment known to those most vulnerable in Peterborough-Kawartha,' said Dave Smith, MPP for Peterborough- Kawartha . 'I am proud that they have selected two outstanding organizations, the Kawartha Food Share and Brock Mission. Thank you to Hydro One!'

'Thank you to Hydro One for its commitment to supporting our communities,' said David Piccini, MPP for Northumberland-Peterborough South. 'The funding provided through the Building Safe Communities initiative is helping support longer term solutions, as well as meeting ongoing, immediate needs related to COVID-19. By continuing to work together, we will better protect our most vulnerable and keep our communities safe.'

On August 1, 2020, Hydro One announced the legal closing of the acquisition of the business assets of Peterborough Distribution Inc. ('PDI') by its wholly-owned subsidiary, Hydro One Inc. Peterborough Distribution customers immediately benefitted from the deal. Starting with August electricity use, base distribution rates were reduced by 1 per cent and are frozen for five years. Peterborough Distribution customers will become Hydro One customers when the transition is complete next year.

Hydro One is also investing in the local economy, and has committed to the development of a new regional operations centre and fleet maintenance facility in the Peterborough community.

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.

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Tel: 416-345-6868

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