Toronto Hydro Street Lighting Inc. to purchase City of Toronto's street light assets

Toronto Hydro Street Lighting Inc. is purchasing the City of Toronto's street lighting and expressway lighting assets for the sum of $60 million.

They will provide street lighting and expressway lighting services to Toronto for an initial period of 30 years.

"The street light system was largely designed and built by Toronto Hydro over many decades, and we have been maintaining most of it for more than 90 years", said David O'Brien, President and Chief Executive Officer, Toronto Hydro Corporation.

"This purchase will enable us to streamline our street light operations, providing quicker response times to outages and better customer service."

The deal closes on December 30.

Related News

Nova Scotia Power says it now generates 30 per cent of its power from renewables

HALIFAX - Nova Scotia's private utility says it has hit a new milestone in its delivery of electricity from renewable resources.

Nova Scotia Power says 30 per cent of the electricity it produced in 2018 came from renewable sources such as wind power.

The utility says 18 per cent came from wind turbines, nine per cent from hydroelectric and tidal turbines and three per cent by burning biomass.

However, over half of the province's electrical generation still comes from the burning of coal or petroleum coke. Another 13 per cent come from burning natural gas and five per cent from imports.

The utility says…

READ MORE
Enel Green Power Espana

Enel kicks off 90MW Spanish wind build

READ MORE

"Knowledge Gap" Is Contributing To On-the-job Electrical Injuries

READ MORE

offshore wind turbines

Next Offshore Wind in U.S. Can Compete With Gas, Developer Says

READ MORE

Cape Town settlement

Does Providing Electricity To The Poor Reduce Poverty? Maybe Not

READ MORE