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 quebec

Hydro-Quebec won't ask for rate hike next year

MONTREAL - Hydro-Quebec Distribution will not file a rate adjustment application with the province’s energy board this year.

In a statement released on Friday the Crown Corporation said it wants current electricity rates to be maintained for another year, starting April 1. That is consistent with the recently tabled Bill 34, which guarantees lower electricity rates for Quebecers.

The bill also provides a $500 million rebate in 2020, half of which will go to residential customers while $190 million will go to commercial customers and another $60 million to industrial ones.

Hydro-Quebec said the 2020-21 rate freeze will generate savings of nearly $1…

READ MORE

Britain's energy security bill set to become law

READ MORE

europe renewables

Europe's Renewables Are Crowding Out Gas as Coal Phase-Out Slows

READ MORE

david stevens

Changes Coming For Ontario Electricity Consumers

READ MORE

sask powerlines

The crisis in numbers: How COVID-19 has reshaped Saskatchewan

READ MORE