September 27, 2016 9:10 AM ET

Electric Utilities

Company Overview of PowerStream Inc.

Company Overview

PowerStream Inc. distributes electricity in the province of Ontario, Canada. The company serves residential and business customers in the service areas of Alliston, Aurora, Barrie, Beeton, Bradford West Gwillimbury, Markham, Penetanguishene, Richmond Hill, Thornton, Tottenham, and Vaughan. It is also involved in solar power generation business. The company owns, installs, and operates solar generation facilities on building rooftops. PowerStream Inc. was founded in 2004 and is headquartered in Vaughan, Canada. The company operates as a subsidiary of PowerStream Holdings Inc.

161 Cityview Boulevard

Vaughan, ON L4H 0A9

Canada

Founded in 2004

Phone:

905-417-6900

Fax:

877-236-6395

Key Executives for PowerStream Inc.

Chief Executive Officer and President
Age: 73
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Executive Vice President
Executive Vice President of Corporate Services and Secretary
Age: 61
Executive Vice-President of Renewable Generation and Conservation
Compensation as of Fiscal Year 2016.

PowerStream Inc. Key Developments

Enersource, Horizon Utilities and PowerStream Announce Management Appointments for the Merged Company

A holding company CEO and two affiliate company Presidents have been selected to lead a proposed new electric utility that will result from the merger of Enersource, Horizon Utilities and PowerStream, and the merger's subsequent purchase of Hydro One Brampton. The new company will be called 'MergeCo' until a name is chosen. Current President and CEO of PowerStream, Brian Bentz, was appointed President and CEO (designate) of the MergeCo Holdings Company, which will be based at the current Enersource headquarters in Mississauga. Horizon Utilities President and CEO Max Cananzi was appointed President (designate) of the MergeCo Local Distribution Company, which will be headquartered at the existing Horizon Utilities corporate office in Hamilton. Enersource President and CEO Peter Gregg was appointed President designate of the MergeCo Innovation, Growth and Corporate Services Company. Hydro One Brampton President and CEO, Paul Tremblay, has played a key role in the success of Hydro One Brampton and remains an integral part of the decision-making process as the merger transaction progresses. Tremblay will retire once the new company is officially established, but will continue to support the organization in a senior advisory role until the transaction is complete.

PowerStream Inc. Presents at 15th Ontario Power Summit, May-10-2016 through May-11-2016

PowerStream Inc. Presents at 15th Ontario Power Summit, May-10-2016 through May-11-2016. Venue: The St. Andrew’s Club and Conference Centre, 150 King Street West, Toronto, ON M5H 3T9, Canada. Presentation Date & Speakers: May-10-2016, Mark Henderson, Chief Operating Officer and Executive Vice President. May-11-2016, Neetika Sathe, Vice President, Corporate Development & Smart Grid Technologies.

Powerstream and Korea Electric Power Corporation Enter into Memorandum of Agreement for Four Project Initiatives

PowerStream and the Korea Electric Power Corporation (KEPCO) signed a memorandum of agreement (MOA) that outlines four project initiatives the two energy companies will undertake over the next three to five years to further the development of smart distribution and micro grid networks in the North American electricity marketplace. The new agreement specifies the following projects that PowerStream and KEPCO will pursue over the next few years: Building and operating a distribution level micro grid network in Penetanguishene, Ontario. Designing and building an electricity market and service model for the distribution management system (DMS) and micro grid service sector. Implementing and demonstrating a full-scale smart DMS as a replacement technology for conventional supervisory control and data acquisition (SCADA) system technology. Developing the strategy and plan for the marketing and sales of smart DMS and distribution level micro grid operation systems in the North American market.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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