Toronto Hydro Telecom sale is official

subscribe

Toronto Hydro Corporation announced that it has closed the sale of the shares of its wholly-owned subsidiary, Toronto Hydro Telecom Inc., to Cogeco Cable Canada Inc. for $200 million in cash, subject to certain post-closing adjustments.

The Corporation is a holding company which through its wholly-owned subsidiaries:

- Toronto Hydro-Electric System Limited ("LDC") - distributes electricity and engages in Conservation and Demand Management activities; and

- Toronto Hydro Energy Services Inc. - provides street lighting and expressway lighting services, and energy efficiency products and services.

The principal business of the Corporation and its subsidiaries is the distribution of electricity by LDC. LDC owns and operates an electricity distribution system that delivers electricity to approximately 683,000 customers located in the City of Toronto.

Related News

brenmiller-energy-and-new-york-power-authority-showcase-thermal-storage-success

Brenmiller Energy and New York Power Authority Showcase Thermal Storage Success

NEW YORK - Brenmiller Energy Ltd. (NASDAQ: BNRG), in collaboration with the New York Power Authority (NYPA), has successfully deployed its first bGen™ thermal energy storage (TES) system in the United States at the State University of New York (SUNY) Purchase College. This milestone project, valued at $2.5 million, underscores the growing role of TES in advancing sustainable energy solutions.

Innovative TES Technology

The bGen™ system utilizes crushed rocks to store high-temperature heat, which can be harnessed to generate steam, hot air, or hot water on demand. This approach allows for the efficient use of excess renewable energy or off-peak…

READ MORE
risk-of-electricity-shut-offs

Millions at Risk of Electricity Shut-Offs Amid Summer Heat

READ MORE

ontario-clean-electricity-regulations

Ontario's Clean Electricity Regulations: Paving the Way for a Greener Future

READ MORE

Sudbury, Ont., eco groups say sustainability is key to grid's future

READ MORE

IAEA simulator

IAEA reactor simulators get more use during Covid-19 lockdown

READ MORE