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Community Investment Opportunity with Hydro One

Contact(s)

The City of Orillia is exploring an unsolicited opportunity by Hydro One that would provide significant economic development benefits for the City- potentially one of the largest investments in Orillia's recent history.

This deal could see a majority of the 42-acre Horne Business Park in West Orillia used for a North American Advanced Technology Hub. The development could contribute $200 to $300-million in near-term economic impact on the community, including the construction of a number of facilities, the creation of a significant number of highly-skilled, knowledge-based jobs, and telecommunications upgrades within the City.

The opportunity presented by Hydro One includes the acquisition of the Orillia Power Distribution Corporation (OPDC), a subsidiary of the Orillia Power Corporation (OPC). The Orillia Power Generation Corporation (OPGC), whose business includes three hydroelectric generating stations, will not be affected and will continue to be owned by the City of Orillia, including the annual dividend it provides the City.

The City is only entering into negotiations at this time - no deal has been signed. Over the coming months, the City will be exploring this opportunity in greater detail, while Hydro One carries out its own due diligence.  A deal may be agreed to, but only after thorough scrutiny by the City of Orillia.


Public Information Sessions

Man on laptop

Two public information sessions were held on January 12 and June 1 at City Centre with Mayor Clarke, the Hydro One Transition Team, Orillia Power Corproration and Hydro One representatives. 

Information storyboards

Frequently Asked Questions


News and Information

Media Coverage:

Hydro One CEO visits Orillia, Orillia Today - May 21, 2016

Hydro One CEO meets with council in closed session; announcement expected within six weeks, Orillia Packet and Times - May 19, 2016

City deal with Hydro One progressing, Orillia Packet and Times - April 19, 2016

'Legacy' fund proposed for revenues from potential Orillia power sale, Orillia Today - Jan 26, 2016

Legacy fund a safe bet - Jan 13, 2016

Concerns about job, costs aired at at hydro meeting, Orillia Packet and Times - Jan 13, 2016

Have your say on potential hydro deal - Jan. 8, 2016

Orillia has golden opportunity, negotiator says, Orillia Packet and Times - Jan 7, 2016

Keep an open mind, Orillia Packet and Times - Sept. 25, 2015

Advanced Technology Hub could be built in Orillia, Orillia Packet and Times - Sept. 22, 2015

Hydro One wants to build technology hub in Orillia and acquire local power distribution, Orillia Today - Sept. 22, 2015

Hydro One enters talks with Orillia to purchase power distributor, build facilities, CTV Barrie News - Sept. 22, 2015

City to consider Hydro One Proposal, Sunshine 89.1 - Sept. 23, 2015

A big announcement coming out of the City of Orillia today, Rock 95 - Sept. 22, 2015

 

For more information contact the Office of the Mayor at mayor@orillia.ca or 705-325-3662.

 

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