Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael 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 • mangemeer@veridian.on.ca