40 clean energy jobs come to Satcon Power
BURLINGTON, ONTARIO - Ontario's clean energy economy and the growing global demand from clean energy projects has helped Satcon Power Systems Canada, Ltd. create 40 jobs, growing their Burlington workforce by a third in less than a year.
Satcon has expanded their workforce to 158 people to help meet the demand for solar equipment in Ontario, across North America and in countries like China, France, Germany, Italy, Greece and the Czech Republic.
Satcon is one of more than 20 companies that have announced they are setting up or expanding plants to manufacture parts for the solar and wind industry, creating new jobs in Ontario.
Ontario's Energy Plan is aimed at getting Ontario off dirty, smog-producing coal and on to cleaner energy sources like wind, solar and bio-energy. The Plan also includes relief for families, through the new Ontario Clean Energy Benefit that is taking 10 per cent off electricity bills every month.
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Peterborough Distribution sold to Hydro One for $105 million.
PETERBOROUGH - The City of Peterborough said Wednesday it has agreed to sell Peterborough Distribution Inc. to Hydro One for $105 million.
The deal requires the approval of the Ontario Energy Board.
According to the city, the deal includes a one per cent distribution rate reduction and a five-year freeze in distribution rates for customers, plus:
- A second five-year period with distribution rate increases limited to inflation and an earnings sharing mechanism to offset rates in year 11 and onward
- Protections for PDI employees with employees receiving employment offers to move to Hydro One
- A sale price of $105 million
- An agreement to develop a regional…
