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CANADIAN INDUSTRY ONLINE - FEBRUARY / MARCH 2012
System (CIS), the f inal signif i-
cant phase of the system
improvement and replacement
project. At the completion of the
CIS project, we anticipate
achieving
signif icant
cost
savings and enhanced customer
satisfaction through a variety of
methods such as reduced call
times and f irst call resolution of
issues.
• During 2011, we invested
over $1,400 million in capital to
improve
system
reliability,
address an aging power system,
facilitate the connection of new
generation and improve service
to our customers. More than
investors who want to learn more
about MTS Allstream are
encouraged to visit: www.mtsall-
stream.com. For more informa-
tion about MTS’s products and
services, please visit www.mts.
ca. For more information about
Allstream’s products and servic-
es, please visit www.allstream.
com.
For further information:
Media contact:
Selena Hinds
Corporate Communications
204-941-8576
selena.hinds@mtsallstream.com
HYDRO ONE RELEASES 2011 YEAR-
END FINANCIAL RESULTS
TORONTO, Feb. 10, 2012 /
CNW/ - Hydro One Inc. today
released its 2011 year-end results
with net income for the year of
$641 million and revenues of
$5,471 million.
“In 2006, Hydro One embarked
on a multi-year capital program
to rebuild and reinvest in an
upgraded electricity transmis-
sion and distribution system.
Throughout 2011, Hydro One
continued to make prudent in-
vestments to enhance reliability
and facilitate the connection of
clean energy. We met our f inan-
cial targets and improved our
productivity,” said Laura For-
musa, President and CEO of
Hydro One. “Our employees con-
tinue to work for our customers
in a safe and eff icient manner to
allow us to progress in achieving
our strategic goals and increase
customer satisfaction.”
THE FOLLOWING ARE SOME OF
OUR KEY ACHIEVEMENTS FOR
2011:
• Throughout the year, we
achieved savings in support and
administration costs, including
business telecom and data
expenses and from the imple-
mentation of modules in our
entity-wide information system
replacement and improvement
project. We continued to focus on
productivity as we developed our
new
Customer
Information
NEWS