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Community Investment Opportunity with Hydro One

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Project Summary  
Location: Horne Business Park in West Orillia (corner of University Avenue and Old Barrie Road) Horne Business Park
Budget: n/a
Timeline:  Now that Council has signed agreements with Hydro One, the deal requires Ontario Energy Board approval - a process that can take up to one year to complete. 
Current Status: Council approved the deal with Hydro One on Aug. 15, 2016. It now requires Ontario Energy Board approval. 
Project Contact: Gayle Jackson, 705-329-7232, gjackson@orillia.ca

Overview

Council at a Special Meeting of Council held August 15, 2016, signed agreements with Hydro One that will see 36 acres of the 42-acre Horne Business Park in West Orillia used for an Advanced Technology Hub.

The development is anticipated to inject approximately $200 to $300-million in near-term economic impact on the community, including the construction of three facilities, the creation of a significant number of highly-skilled, knowledge-based jobs, and fibre optics upgrades within the City. 

Background

Over the last year, the City has been in negotiations exploring opportunities with Hydro One.

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.  View the Negotiations Backgrounder.

Group of people at a townhall meeting with their hands raised

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 Corporation and Hydro One representatives. 

Information storyboards

Negotiations - FAQ's

News and Information

Man on laptop

Media Coverage:

Orillia puts $36 million in legacy fund, Orillia Today - Aug 18, 2016

No guarantees with hydro deal: Orillia councillor, Orillia Today - Aug 18, 2016

Hydro deal will energize real estate: expert, Orillia Packet and Times - Aug 17, 2016

Hydro sale a risk worth taking, Orillia Packet and Times - Aug 17, 2016

Legal challenge considered, Orillia Packet and Times - Aug 16, 2016

Orillia to be home to state-of-the-art hydro one facility, Rock 95 - Aug 15, 2016

WATCH: Multi-million dollar power deal approved by City Council in Orillia, CTV Barrie - Aug 15, 2016

LISTEN: Sale of Orillia Power Distribution Complete Sunshine 89 radio - Aug 15, 2016

Orillia sells OPDC to Hydro One for $26.35M, Orillia Packet and Times - Aug 15, 2016

Hydro One to acquire Orillia Power, Electrical Business Magazine - Aug 15, 2016

Orillia sells hydro distribution for $26 million, Orillia Today - Aug 15, 2016

LISTEN: Sunshine 89 radio interview with Mayor Clarke - Jun 1, 2016

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 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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