Hydro Ottawa purchases Chaudière Falls hydroelectric assets

subscribe

Hydro Ottawa has completed the purchase, first announced in June 2012, of three hydroelectric plants and a 38.3 percent interest in the Ring Dam and remaining water rights at Chaudière Falls from Domtar Corporation for $46 million.

"This presents a tremendous opportunity for Ontario to add 21 megawatts of renewable run-of-the river hydro power, with the potential to expand that to more than 40 megawatts as we explore additional opportunities at this site," said Hydro Ottawa President and CEO Bryce Conrad.

"The Chaudière Falls generating stations have powered Ottawa's industrial expansion for over a century," said Ottawa Mayor Jim Watson. "What many people don't know is that Canada's oldest surviving hydroelectric facility still operates right here in the nation's capital."

Prior to the purchase, Hydro Ottawa already had over 100 years of experience operating hydroelectric plants at Chaudière Falls, where it owns and operates three plants, with Generating Station #2 originally built in 1891 and Generating Station #4 built in 1900. Both stations have been refurbished.

With the closing of the purchase of the three hydroelectric stations from Domtar, Hydro Ottawa's hydroelectric generating capacity will more than double to 38 megawatts, enabling the company to generate renewable energy for roughly 28,000 households.

Hydro Ottawa Holding Inc. Hydro Ottawa owns and operates two subsidiary companies, Hydro Ottawa Limited and Energy Ottawa Inc. Hydro Ottawa Limited is the third-largest municipally-owned electrical utility in Ontario.

Related News

hydro one

Hydro One launches Ultra-Low Overnight Electricity Price Plan

TORONTO - Hydro One has announced that customers have even more choice and flexibility when it comes to how they are billed for electricity with the company's launch of the Ontario Energy Board's new Ultra-Low Overnight Electricity Price Plan. A new survey, conducted by Innovative Research Group, shows that 74 per cent of Ontarians find having choice between electricity pricing plans useful.

"As their trusted energy advisor, we want our customers to know we have the insights and tools to help them make the right choice when it comes to their electricity plans," said Teri French, Executive Vice President, Safety, Operations…

READ MORE
Wall Street Backs Rick Perry’s Nuclear AI Energy Venture

Wall Street Backs Rick Perry’s $19 Billion Data Center Venture

READ MORE

david stevens

Changes Coming For Ontario Electricity Consumers

READ MORE

bitcoin screen

Bitcoin mining uses so much electricity that 1 city could curtail facility's power during heat waves

READ MORE

phone pad

Shocking scam: fraudster pretending to be from BC Hydro attempts to extort business

READ MORE