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CANADIAN INDUSTRY ONLINE - FEBRUARY / MARCH 2012
• During the year, we con-
nected more than 7,600 small
renewable generation projects to
our distribution system through
the Ontario Power Authority’s
MicroFIT program, representing
approximately 72 MW of genera-
tion.
• Our employees worked safely
and eff iciently to restore power
to our customers through major
storms in late April and early
June and forest f ires in northern
Ontario in July.
• During the year, we
successfully raised $700 million
in cost-effective debt f inancing
through our Medium-Term Note
Program. In January 2012, we
successfully issued a further
$300 million.
• We ranked as one of Canada’s
top 50 Corporate Citizens in
Corporate Knights Magazine’s
annual ranking of the best 50
corporate citizens in the country.
Corporate Knights Inc. is an
independent Canada-based me-
dia company that publishes the
world’s
largest
circulation
magazine focused on corporate
responsibility.
$1,350 million of capital assets
were completed during the year,
improving the service we provide
our customers.
• During the last quarter, we
placed complex Static Var Com-
pensators (SVCs) into service at
our Kirkland Lake, Nanticoke
and
Detweiler
transformer
stations. SVCs are connected to
the transmission system to
regulate the f low of electricity.
The SVC at Kirkland Lake,
together with the SVC put into
service late last year at our
Porcupine Transformer Station,
will increase the North-South
interface transfer capability to
access
available
northern
generation while those at
Nanticoke and Detweiler will
support increased generation
from the Bruce Nuclear facility
in the short-term and will
enhance the transfer capability
between Southwestern Ontario
and the Greater Toronto Area in
the longer term.
• Our Bruce to Milton Trans-
mission Reinforcement Project is
anticipated to be in-service in
2012 allowing our customers to
receive approximately 3,200 MW
of refurbished nuclear and new,
renewable power generated in the
Huron-Grey-Bruce area.
• We successfully met the
Ontario Energy Board’s (OEB)
target for converting more than
one million smart meter
customers to time-of-use pricing
by the end of June 2011. In
addition, our Advanced Distribu-
tion System Project earned us
the Utilities Telecom Council
Apex Award recognizing our
superior achievement in innova-
tion for our central role in secur-
ing wireless spectrum for use by
the utility sector in Canada.
Also, we earned the Utilimetrics
Excellence in Project Manage-
ment Award that recognizes
special instances of how utilities
use their communication sys-
tems and expertise to service
their communities.
NEWS