NEWS RELEASE
POWERSTREAM
*************************
TORONTO – Recently, 46 employees from four of Ontario’s largest electrical utilities, came together to participate in The 2016 Enbridge® Ride to Conquer Cancer®, a two-day charity cycling event across southern Ontario’s countryside.
Together, under the team name “Power4,” employees from Enersource, Horizon Utilities, Hydro One Brampton and PowerStream pedalled over 200 kilometres from Toronto to Niagara Falls, raising over $138,000 in support of The Princess Margaret Cancer Centre.
The team’s fundraising efforts contributed to the $17.3 million total that 4,253 riders raised for cancer research and treatment at the Centre.
Pending approval by the Ontario Energy Board, the four utilities are expected to soon become one electric utility, serving close to a million customers in the Greater Golden Horseshoe area.
The coming together of these employees for such an important cause is a reflection of the level of corporate responsibility and community support that the new company would exhibit.
About the Ride
The Enbridge® Ride to Conquer Cancer® is a two-day cycling event spanning over 200 kilometres throughout Ontario’s picturesque countryside.
Since 2008, The Enbridge® Ride to Conquer Cancer® has raised over $155 million for the Princess Margaret Cancer Centre and currently is Canada’s largest cycling fundraiser.
Funds raised through The Ride support Personalized Cancer Medicine, including research, treatment advances, education and new standards of care at Princess Margaret Cancer Centre, one of the world’s top 5 cancer centres and is a leader in Personalized Cancer Medicine.
Enersource
Enersource Corporation serves over 200,000 residential and commercial customers across Mississauga. It is a diversified energy and technologies company that serves customers through the distribution of electricity and the delivery of services related to the design, operation and maintenance of electrical systems.
Ninety percent of Enersource Corporation is owned by the City of Mississauga, and 10 percent is owned by BPC Energy Corporation (Borealis), which is part of the Ontario Municipal Employees Retirement System (OMERS).
Horizon Utilities
Horizon Utilities Corporation provides electricity and related utility services to 244,000 customers in Hamilton and St. Catharines. Horizon Utilities is wholly owned by Horizon Holdings Inc., a company jointly owned by the cities of Hamilton and St. Catharines through their holding companies Hamilton Utilities Corporation and St. Catharines Hydro Inc.
Hydro One Brampton
Hydro One Brampton Networks Inc. is responsible for the safe and reliable delivery of electricity to over 150,000 residential and business customers in the City of Brampton. The City is one of the fastest growing communities in Canada.
PowerStream
PowerStream Holdings Inc. is a municipally-owned energy company providing power and related services to more than 380,000 customers primarily residing or owning a business in communities located immediately north of Toronto and in Central Ontario.
It is jointly owned by the Cities of Barrie, Markham and Vaughan through their respective holding companies, Barrie Hydro Holdings Inc., Markham Enterprises Corporation and Vaughan Holdings Inc.
*************************
