“We Gotta Change Things Y’all…”. Lord Durham’s Report and Reform in Upper and Lower Canada.
Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael...
Transcript of Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael...
Building Durham’s Competitive EdgeEnergy
Durham Economic Prosperity Conference 2014Michael Angemeer P.Eng.
President & CEO Veridian Connections
Veridian Connections
• 7th largest local distribution company (LDC)• ~120,000 customers• Owned by Pickering, Ajax, Clarington, Belleville• Serves 9 communities, product of 2 mergers and 5
acquisitions• Top quartile efficiency• High returns to shareholders• 7/24 Control Centre• Competitive rates
Adding value to customers
• Lower costs, less increase to electricity costs– Shared services– Cooperative– Mergers – Purchase of Hydro One territory
• Higher levels of service – 7/24 Control Centre– Improved coordination with municipalities– Prudent investments in infrastructure with limited capital
Improving Community Resilience
• Ice storm, Hurricane Sandy• Climate change• Smart Grid
– UOIT • Improved communication with customers
– Twitter, outage map• Analyze low lying areas, harden overhead system• Microgrids for critical community infrastructure
– Hospitals– Warming centres – Water pumping– Electricity and heat
Combined Heat and Power (CHP)
• Help business be more competitive• Campuses – hospitals, universities, critical
infrastructure• Seaton employment lands• Intensification areas – places to grow• Pickering airport• Greenhouses – local food – Airport and other
areas
A One time opportunity
• Purchase of Hydro One distribution territory• Veridian’s size could increase by more than 40%• Reduce overlap of services• Increase in service levels• Lower rates over time in Hydro One part of Clarington,
Uxbridge and other communities– Hydro One distribution rates are over 30% more than Veridian’s
• With partners, we could take advantage of more of this opportunity and see the benefits of growth east and north of Toronto coming back mostly to Durham Region
Thank you
• Michael Angemeer• [email protected]