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Hydro One completes acquisition of business assets of Peterborough Distribution

Christian Fernsby ▼ | August 3, 2020
Hydro On announced the legal closing of the acquisition of the business assets of Peterborough Distribution by its wholly owned subsidiary, Hydro One Inc.
Hydro One
Peterborough Distribution   Hydro One
The Ontario Energy Board approved the sale on April 30, 2020.

Topics: Hydro One

Peterborough Distribution customers will benefit from the sale.

Customers can expect to see a 1 per cent rate reduction to the base distribution portion of their bills starting with their August electricity use.

The base distribution portion of the bill will be frozen at this rate for the next five years.

Additionally, Hydro One has committed to making investments in the local community, including the development of a new regional operations centre and fleet maintenance facility.

Hydro One will continue to be active and present in the community through its support of important local initiatives.