Hydro One sends crews to Vermont to assist in power restoration
"Hydro One crews will continue to restore service to our customers in eastern Ontario who were impacted by the storm, and at the same time, we will help our neighbours," explained Myles D'Arcey, Senior Vice-President, Customer Operations. "We have mutual assistance agreements with U.S. utilities, we help them when they need it, and they'll assist us when we're in need."
The crews going to Vermont are drawn from Hydro One's work centres in Kingston, Tweed, Campbellford, Trenton, Picton, Bowmanville, Fenelon Falls, Minden, Peterborough and Newmarket. They will be working in and around Rutland in the central part of the state that was hit hard by the recent storm. All costs of this expedition will be paid by Central Vermont Public Service.
Hydro One has almost 130 lines and forestry staff deployed in the Perth and Vankleek Hill areas southeast of Ottawa cleaning up storm damage.
Hydro One has gained an excellent reputation for its storm response capabilities. It has sent crews to Florida at the request of Florida Power and Light on three different occasions in the last three years following hurricane damage. Earlier this year Hydro One won the prestigious Edison Electric Institute's "Emergency Recovery Award" for outstanding efforts to restore electric service following three successive severe storms in Ontario last summer and fall. Edison Electric Institute (EEI) is the association of United States investor-owned electric utilities and industry affiliates and associates worldwide.
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Hydro One stock has too much political risk to recommend, Industrial Alliance says
TORONTO - A seemingly positive development for Hydro One is overshadowed by ongoing political and regulatory risk, Industrial Alliance Securities analyst Jeremy Rosenfield says.
On October 4, staff from the Washington Utilities and Transportation Commission filed updated testimony in support of the merger of Hydro One and natural gas distributor Avista.
The merger, which was announced in July of 2017 has received the green light from federal and key states, with Washington, Oregon and Idaho being exceptions.
But Rosenfield says even though decisions from Oregon and Idaho are expected by December, there are still too many unknowns about Hydro One to recommend investors…