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Community Investment Opportunity with Hydro One

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The City of Orillia received notice on April 12, 2018 that Hydro One's MAAD (Mergers, Acquisitions, Amalgamations, Divestitures) application was denied by the Ontario Energy Board

On April 16, 2018, a special meeting of Council was held to provide Council with the next steps moving forward.  Orillia is committed to the commercial transaction entered into with Hydro One and has filed a motion to the OEB to review and revise the Decision. 

Read the most recent News Release regarding the status of the project issued April 25, 2018.

Project Summary  
Location: Horne Business Park in West Orillia (corner of University Avenue and Old Barrie Road)  
Budget: n/a
Timeline:  To be determined
Current Status: The City of Orillia received notice on April 12, 2018 that Hydro One's MAAD (Mergers, Acquisitions, Amalgamations, Divestitures) application was denied by the Ontario Energy Board. Orillia has filed a motion to the OEB to review and revise the Decision. 
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
In 2016, the City was 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.

Public Consultation
Four public information sessions have been held to date: January 12, 2016, June 1, 2016  and two on September 29, 2016, at City Centre with Mayor Clarke, the Hydro One Transition Team, Orillia Power Corporation and Hydro One representatives. View the Information storyboards and Negotiations - FAQ's
News & Information
Media Coverage
 

 

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

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