Toronto Hydro Street Lighting Inc. to purchase City of Toronto's street light assets
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
Tube Strikes Disrupt London Economy
LONDON - London's economy is facing significant challenges due to ongoing tube strikes, with businesses across the city experiencing disruptions that are impacting their operations and bottom lines.
Impact on Small Businesses
Small businesses, particularly those in the hospitality sector, are bearing the brunt of the disruptions caused by the strikes. Many establishments rely on the steady flow of commuters and tourists that the tube system facilitates. With reduced transportation options, foot traffic has dwindled, leading to decreased sales and, in some cases, temporary closures.
Economic Consequences
The strikes are not only affecting individual businesses but are also having a…
