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July 08, 2015 3:59 AM ET

Electric Utilities

Company Overview of PowerStream Inc.

Company Overview

PowerStream Inc. engages in the distribution of electricity in the province of Ontario, Canada. It is also involved in solar power generation business. The company owns and operates a distribution system consisting of approximately 2,535 kilometers of overhead circuit wires and 5,034 kilometers of underground cables; 11 transformer stations; 54 municipal substations; 43,722 transformers; 1,825 switchgears; 41,005 poles and pole structures; and 40,557 solar PV panels, as well as has a total generation capacity of 9.14 MW. It serves approximately 375,000 residential and business customers in the service areas of Alliston, Aurora, Barrie, Beeton, Bradford West Gwillimbury, Markham, Penetanguish...

161 Cityview Boulevard

Vaughan, ON L4H 0A9

Canada

Key Executives for PowerStream Inc.

Chief Executive Officer and President
Age: 72
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Executive Vice President
Executive Vice President of Corporate Services and Secretary
Age: 60
Executive Vice-President of Renewable Generation and Conservation
Compensation as of Fiscal Year 2015.

PowerStream Inc. Key Developments

PowerStream Inc. Presents at 14th Ontario Power Summit 2015, May-12-2015 10:30 AM

PowerStream Inc. Presents at 14th Ontario Power Summit 2015, May-12-2015 10:30 AM. Venue: Ontario, Canada. Speakers: Mark Henderson, Chief Operating Officer and Executive Vice President.

PowerStream Signs Multi-Year Conservation Agreement in Ontario

PowerStream Inc. has signed on to the Ontario Ministry of Energy's Conservation First framework for 2015-2020. Under the new six-year framework, announced early in 2014 by Bob Chiarelli, Minister of Energy, Ontario's distribution companies are responsible for achieving a combined target of 7,000 gigawatt-hours (GWh) of energy savings by 2020. This represents approximately a 5% reduction in provincial electricity consumption compared to current levels. PowerStream's agreement, which was signed on November 13, 2014, calls for the utility to achieve a 535 GWh reduction for its service territory. Although the new target is a significant increase from what had been previously set for the current framework, PowerStream remains committed to providing its customers with the tools and information they need to best manage and reduce their electricity consumption.

PowerStream Inc. Unveils New Level 3 Charger Unit in Vaughan

PowerStream Inc. has unveiled a level 3 charger unit at its head office in Vaughan. The unit, which charges 10 times faster than the more common-place level 2 chargers, is equipped to handle both CHAdeMO and Society of Automotive Engineers (SAE) compatible electric vehicles. The level 3 charging station's power is being supplied by PowerStream but paid for courtesy of G&W Canada and Survalent Technology. PowerStream also introduced the first commercial Vehicle-to-Grid (V2G) power supply system in North America with two high-capacity level 2 chargers connected to a solar carport located in the back parking lot of the company's head office building.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 16, 2015
--
Private Placement
November 21, 2014
--
 

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