Protective Relay Training - Basic
Our customized live online or in‑person group training can be delivered to your staff at your location.
- Live Online
- 12 hours Instructor-led
- Group Training Available
The OEB approval was issued on Wednesday, July 11. The agreement with Hydro One includes a 75-day closing/adjustment period before the transaction is finalized. City council will then establish a Hydro Stewardship Strategy as part of its 2002 budget process. The stewardship strategy will determine how the money from the sale will be reinvested to provide a legacy for future generations.
"When council approved this deal we were was steadfastly committed to three key principles," said Brampton Mayor Susan Fennell. The OEB decision stated that the Brampton Hydro sale was in the best interest of the consumer, to protect consumers from spiraling electricity costs, protect the jobs of Brampton Hydro employees and make sure service levels and reliability did not suffer.
The OEB decision stated: "The board finds that, based on the evidence, approval of the acquisition by Hydro One of an interest in Brampton Hydro Networks through the acquisition of securities of Brampton Hydro Corporation is in the public interest."
"Overall, the provincial government initiative to restructure the electrical utility industry in Ontario has set the stage for this important transaction for the benefit of the City of Brampton and the public," said Lorne McCool, Chairman of Brampton Hydro and Brampton City Manager.
Related News
Romania enhances safety at Cernavoda, IAEA reports
COVID-19 crisis shows need to keep electricity options open, says Birol
B.C.'s Green Energy Ambitions Face Power Supply Challenges
Electricity turns garbage into graphene
Why California's Climate Policies Are Causing Electricity Blackouts
35 arrested in India for stealing electricity
Sign Up for Electricity Forum’s Newsletter
Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.
Electricity Today T&D Magazine Subscribe for FREE
- Timely insights from industry experts
- Practical solutions T&D engineers
- Free access to every issue