Hydro One makes smart investments to improve electricity reliability for customers

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Since the installation of smart devices in communities across the province, 20 millions Minute outage for customers has been avoided

TORONTO, June 28, 2021 / CNW / – Today, Hydro One announced that it is investing in a smarter, more reliable electricity grid by installing smart devices on its grid. These devices will help reduce the impact of power outages by around 40% on average in the areas where they are deployed. This is part of Hydro One’s grid modernization program, which takes advantage of digital technology, including smart switches and sensors, to automate the electrical system and improve power reliability. Since the program began in 2018, Hydro One has added more than 2,300 smart devices to its system, and plans to install approximately 500 devices this year. Powering up these smart devices in communities across the province saved customers 20 million minutes of power outages. Currently, smart devices are deployed in 10% of Hydro One’s service territory.

A Hydro One employee installs a smart switch. Since 2018, Hydro One has added more than 2,300 smart devices to its system (CNW Group / Hydro One Inc.)

“Storms are getting stronger and we need to be prepared to respond to power outages faster and smarter than ever before. Our network modernization program relies on digital solutions to reduce the number and duration of power outages, minimizing disruption in the daily lives of customers, businesses and communities, ”said David Lebeter, Head of operations, Hydro One. “Our employees, towers, poles and wires provide the light, heat, refrigeration and technology that are essential to life. By investing in this new technology, we are building a network for the future that will better serve our customers and strengthen from ontario economy.”

“Hydro One’s modernization initiative is a critical step in building a smarter electricity grid that benefits electricity taxpayers,” said Todd smith, Minister of Energy. “Using the latest technology to build a smarter grid will ensure Ontarians have access to an efficient, clean and reliable electricity system for years to come.

“Safe and reliable power is essential for everyday life, businesses and people’s productivity,” said Graydon smith, President of the Association of Municipalities of Ontario and mayor of Brace Bridge. “Hydro One’s investments will make a lasting difference in municipalities across the province, especially in rural communities with long power lines and difficult terrain. Can’t wait to see these smart devices in action through Brace Bridge and beyond.”

By investing in smart switches, problem areas can be isolated remotely, reducing the number of customers facing a power outage. Digital sensors are also added to better detect the location of a problem, which helps direct teams to the source of the problem and allows them to spend more time making repairs and restoring power instead of patrolling long power lines over difficult terrain. Hydro One’s grid modernization program is being rolled out in communities across the province, with an immediate focus on the deployment of smart devices in areas with low electricity reliability, including the Woodstock, Minden, Muskoka, Stouffville, Essex County and Beautiful city Regions.

In 2020, Hydro One invested approximately $ 1.9 billion in capital to expand the power grid and renew and modernize existing infrastructure, much of which was built in the 1950s. The company continues to invest in infrastructure and technology to build a sustainable grid for the future, harden and protect equipment against climate change.

More information on Hydro One’s initiatives to boost Ontario can be found here: www.hydroone.com/EnergizingOntario

Hydro One Limited (TSX: H)

Hydro One Limited, through its wholly owned subsidiaries, is Ontario’s largest electricity transmission and distribution provider with approximately 1.4 million valued customers, approximately $ 30.3 billion in ‘assets as of December 31, 2020 and annual revenues in 2020 of approximately $ 7.3 billion.

Our team of approximately 8,700 skilled and dedicated employees takes pride in building and maintaining a safe and reliable power grid, essential to supporting strong and prosperous communities. In 2020, Hydro One invested approximately $ 1.9 billion in its transmission and distribution systems and supported the economy by purchasing approximately $ 1.7 billion in goods and services.

We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. We are designated as a sustainable electricity company by the Canadian Electricity Association.

The common shares of Hydro One Limited are listed on the TSX and certain of the medium term notes of Hydro One Inc. are listed on the NYSE. Further information is available at www.hydroone.com; www.sedar.com or www.sec.gov.

Forward-looking statements and information:

This press release may contain “forward-looking information” within the meaning of applicable securities laws. Words such as “expect”, “anticipate”, “intend”, “attempt”, “may”, “such words and expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results and results may differ materially from what is expressed, implied or expected in such forward-looking information. Some of the factors that could cause actual results or results to differ materially from the results expressed, implied or expected by such forward-looking information, including some of the assumptions used in making such statements, are discussed in more detail in the documents filed by Hydro One from the Canadian Securities Administrators, which are available on SEDAR at www.sedar.com. Hydro One does not intend, and disclaims any obligation, to update any forward-looking information, except as required by law.

Our website is www.HydroOne.com. follow us on facebook.com/hydrooneofficial, twitter.com/hydroone and instagram.com/hydrooneofficial

Hydro One Logo (CNW Group / Hydro One Inc.)

Hydro One Logo (CNW Group / Hydro One Inc.)

SOURCE Hydro One Inc.

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