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Ontario Hydro, established in 1906 as the Hydro-Electric Power Commission of Ontario, was a publicly owned electricity utility in the Province of Ontario.
Feb 7, 2006 · The utility began as a special statutory corporation (like a crown corporation) established by the provincial legislature in 1906. Its founding chairman was Sir Adam Beck.
1974: Hydro becomes incorporated and adopts the name Ontario Hydro. 1998: Ontario's electricity industry is deregulated through the Energy Competition Act. 1999: Ontario Hydro is restructured, resulting in the creation of Ontario Hydro Services Company. Company History:
Mar 9, 2017 · April 1, 1999: Ontario Hydro is restructured into 5 separate companies: Ontario Power Generation, Ontario Hydro Services Company (later to become Hydro One), Independent Market Operator (later to become the Independent Electricity System Operator), Electrical Safety Authority and Ontario Electricity Financial Corporation. ARTICLE CONTINUES BELOW.
Ontario Hydro was a crown corporation responsible for the generation, transmission, and distribution of electricity in Ontario, Canada. Established in 1906, it played a pivotal role in the province's economic growth and modernization, especially during the post-war period when the demand for electricity surged due to industrial expansion and increased residential consumption.
Incorporated: 1974. Employees: 28,000. Sales: C$7.14 billion (US$5.96 billion) Ontario Hydro is unique in that it is a government-owned electric utility corporation, regulated by the Ontario Energy Board, that is run as a business.
Feb 10, 2011 · The public power movement began modestly at a meeting in Waterloo, Ontario, on February 11, 1902, where a group of businessmen banded together to discuss creating a combined market for energy. Beck made his debut at a similar meeting in Berlin (Kitchener) in February 1903.
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