PowerStream forms a strategic partnership with the Town of Collingwood through the purchase of a 50 per cent interest in the municipality's utililty, which provides service to the communities of Collingwood, Stayner, Creemore and Thornbury. The utility is rebranded as Collus PowerStream.
Operations Centre in the south is designated as LEED® (Leadership in Energy and Environmental Design) gold certified by the Canada Green Building Council. PowerStream becomes the first company in York Region and Simcoe County, and the first electric utility in Ontario, to have two LEED gold certified facilities.
Construction completed in Markham on a 107,000 square-foot, energy-efficient Operations Centre to provide service for PowerStream’s service territory in the south.
In response to the Ontario Government’s passing of the Green Energy and Green Economy Act, PowerStream launches a new solar PV generation business.
PowerStream Inc and Barrie Hydro Distribution Inc. merge to create the second largest municipally-owned electricity distribution company in Ontario, serving more than 310,000 customers in 11 Simcoe County and York Region communities. The company, jointly owned by Barrie, Markham and Vaughan, retains the corporate name of PowerStream Inc.
Construction completed in Vaughan on a 92,000 square-foot, energy-efficient head office facility for PowerStream. The company takes occupancy in February and an official opening event is held in March. In September, the building is designated as LEED® (Leadership in Energy and Environmental Design) gold certified by the Canada Green Building Council.
PowerStream Inc. purchases the electricity distribution assets of Aurora Hydro Connections Ltd. from the Town of Aurora and, coupled with more than a year of organic growth, increases the number of customers it serves to more than 215,000.
Hydro Vaughan Distribution Inc., Markham Hydro Distribution Inc. and Richmond Hill Hydro Inc. merge to create the third largest municipally-owned electricity distribution company in Ontario. The new entity is named PowerStream Inc. and serves more than 192,000 customers in three municipalities.
Hydro Vaughan Distribution Inc. and Markham Hydro Distribution Inc. jointly purchase the electricity distribution assets of Richmond Hill Hydro Inc. from the Town of Richmond Hill and continue to operate the utility on a stand alone basis.
Barrie Hydro Distribution Inc. purchases the electricity distribution assets from the municipalities of Bradford West Gwillimbury, Essa (Thornton) New Tecumseth (Alliston, Beeton and Tottenham) and Penetanguishene.
As required under the Energy Competition Act, municipal electric utilities in Ontario incorporate under the Ontario Business Act including Aurora Hydro Connections Ltd., Barrie Hydro Distribution Inc., Hydro Vaughan Distribution Inc., Markham Hydro Distribution Inc. and Richmond Hill Hydro Inc. The landscape of the once 306 municipal electric utilities in Ontario is changed to one of 92 local distribution companies through distribution consolidation and municipal amalgamations.
The Energy Competition Act, Bill 35 authorizes the restructuring of Ontario electricity system and the eventual opening of wholesale and retail electricity markets in Ontario.
An Ontario Government white paper released in 1997 entitled “Direction for Change: Charting a Course for Competitive Electricity and Jobs in Ontario” adopted the general thrust of the Macdonald report.
A provincial government commissioned study and subsequent report by the Macdonald Committee identified problems within the electricity system in Ontario and made several recommendations to restructure the industry including the geographical consolidation of distribution assets, mostly owned by more than 300 municipalities separately through their respective “hydro commissions”.