2013 marks record year of investments for Hydro Ottawa

Hydro Ottawa 2013 results highlight reliable power delivery, renewable energy growth, infrastructure investment, governance reforms, and strong customer satisfaction, with net income, dividends, and community support advancing sustainability and grid resilience.

Hydro Ottawa Holding Inc. Hydro Ottawa recently released its 2013 Annual Report to its shareholder, the City of Ottawa, highlighting the company’s strong financial results and ongoing commitment to serving its customers and the community.

2013 results show that Hydro Ottawa has continued to live up to its mandate of providing safe and reliable power to the over 315,000 homes and businesses and, through strategic Ontario and New York acquisitions and system upgrades, investing at unprecedented levels to ensure a more sustainable energy future for our community.

Quick facts

- Hydro Ottawa is proud to report a 2013 net income of $32.1 million resulting in a dividend to the City of $19.3 million which will be used to fund municipal programs and services.

- Renewable generation capacity doubled in 2013, driven by green energy acquisitions that provided enough clean power to supply 40,000 homes.

- In 2013, Hydro Ottawa invested $131 million in its infrastructure to keep the electricity system safe and reliable, including the new $25 million Terry Fox station and a Smart Meter milestone which will better serve the growing needs of customers in Kanata and Stittsville.

- Reforms were presented to streamline the structures of the boards of directors to achieve more efficient and cost-effective governance practices and protect its hydro heritage through enhanced oversight.

- Customers gave Hydro Ottawa a 90 percent satisfaction rating, as measured by a third-party survey and informed by its five-year plan outreach efforts in 2013.

- Last year, Hydro Ottawa employees raised a record $228,415 for the United Way.

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